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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 85 of 184

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Business / Economics

24 September 2024 Morning Biz News: Bank Windhoek’s Sustainability Bond Success and Global Financial Updates

  Bank Windhoek’s Sustainability Bond Fully Allocated Bank Windhoek has fully allocated the N$407 million raised from its inaugural Sustainability Bond, issued in 2021. According to reports by The Brief, the bond was released in two tranches, with the first tranche raising N$227 million in June 2021, followed by a second tranche in December of the same year, raising N$180 million. This bond forms part of Bank Windhoek's efforts to […]

today24 September, 2024

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Business / Economics

SWAPO Plans to Revive Air Namibia with New Strategy

At the launch of SWAPO's election manifesto, Vice President and presidential candidate Netumbo Nandi-Ndaitwah outlined the party’s intention to revive Air Namibia reports the Namib Pulse. The airline, which shut down in 2021, had significant liabilities exceeding its assets and relied on government bailouts for over 20 years. The revival plan aims to avoid previous financial pitfalls with a more strategic approach.

today24 September, 2024

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Africa

Lesotho needs constitutional reforms to help gain political stability – but the latest attempt is flawed

      By Hoolo 'Nyane, University of Limpopo     Lesotho, a small country landlocked by South Africa, has been struggling to make constitutional reforms since the advent of coalition politics in 2012. It needs the reforms to address political instability which has been a feature of the country for more than five decades. The judiciary, security agencies and civil service have been politicised, resulting in the institutions being […]

today23 September, 2024

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Africa

Africa is the world’s largest market for Guinness beer – how its ad campaigns exploit men

    By Jordanna Matlon, American University   Africa is the world’s largest market for Guinness beer (and Nigeria is second only to Britain for the most consumers in one country). The Irish brand’s success on the continent is regarded as a trailblazing business model. And that has a lot to do with their advertising campaigns over the years. Award-winning sociologist Jordanna Matlon recently published a research paper that analyses […]

today23 September, 2024

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Business / Economics

23rd September Morning Biz News: Otjikoto Biomass Boosts Oshikoto Economy, Sasol & Eskom Explore LNG, and Global Markets Steady

  Otjikoto Biomass Power Station to Inject Millions into Oshikoto Region Namibia Power Corporation's 40MW Otjikoto Biomass Power Station is set to provide a major economic boost to the Oshikoto region. The project is expected to inject between N$200 million and N$245 million annually, as local farmers and contractors supply wood chips to fuel the plant, reports The Brief. This investment not only strengthens the region’s economy but also supports […]

today23 September, 2024

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Business / Economics

Local economist provides his perspective on the U.S Fed’s move to cut interest rates

The U.S. Federal Reserve has implemented a significant half-percentage-point interest rate cut, exceeding typical reductions. According to Reuters, Federal Reserve Chair Jerome Powell stated the decision underscores policymakers' commitment to maintaining low unemployment as inflation continues to ease. Local economist Gabriel Erastus also provided his perspective on the move.  

today23 September, 2024

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Business / Economics

South Africa’s central bank cuts interest rates

South African Reserve Bank Governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to reduce the country's repo rate by 25 basis points to 8%.   The announcement comes a day after SA’s inflation was reported at 4.4-percent in August, lower than the Reserve Bank's target of 4.5-percent. It is expected that the rate will also be lowered at the bank's next meeting in November.

today19 September, 2024

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Business / Economics

Namibia Statistics Agency records slow economic activity in Q2

The Namibia Statistics Agency has released the official GDP figures for the second quarter of 2024, covering economic activity from April to June. The economy grew slowly, with secondary industries showing only 1.5 percent growth compared to 7.1 percent in the same quarter of 2023. This slow growth was evident in the "Electricity and Water" sector, which grew by 4.1 percent, and the Manufacturing sector, which grew by just 0.6 […]

today19 September, 2024

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Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

today19 September, 2024