Business / Economics Archives - Page 86 of 184

Gender Parity will unlock $287B for Africa’s Economy by 2030: Mastercard Foundation Report

Tackling systemic barriers towards the participation of young women in Africa’s workforce will drive an estimated $287 billion to its economy by 2030, boosting GDP by five percent, a new report commissioned by the Mastercard Foundation reveals. Conducted in collaboration with McKinsey & Company, the study reinforces the crucial role of women’s economic empowerment in driving the continent into a new era of transformational growth. The report, Young […]

19 September, 2024

Africa

Lithium mining in Zimbabwe: a story of loss for one community

By Joshua Matanzima, The University of Queensland Lithium is an essential component of electric vehicle batteries, which are becoming more important as the world moves to a low-carbon energy future. Large deposits of lithium exist in Argentina, Chile, Brazil, Bolivia, Canada, the US, Australia, Portugal, Namibia, Zimbabwe and Ghana. Zimbabwe is the largest producer of lithium in Africa, and the ninth largest in the world. The Zimbabwean […]

19 September, 2024

Business / Economics

SA’s inflation sinks below reserve bank target

South Africa’s consumer inflation has dipped below the SA Reserve Bank's key target of 4.5%, cooling to 4.4% in August from 4.6% in July. News24 reports that this should seal the deal for an interest rate cut on Thursday. Economists expect a 25 basis-point cut following a meeting of the MPC on Thursday. Another cut of the same size is expected in November.

18 September, 2024

Business / Economics

Namibia exports N$139 million in horticultural products

The Namibia Statistics Agency has released the Agriculture and Fishing Statistical Bulletin during the second quarter of 2024. Namibia exported horticultural products valued at N$ 139.1 million. This, according to NSA spokesperson Mirjam Shihepo, is lower when compared to N$ 167.8 million that was exported in the same quarter of 2023.

18 September, 2024

Business / Economics

Bank of Namibia warns public about Global Green Network

The Bank of Namibia has warned the public about Global Green Network after finding that it broke the Banking Institutions Act, of 1998. The investigation showed that the company was involved in illegal financial activities. As a result, the Bank advises people to stop dealing with Global Green Network immediately. BoN’s Strategic Communications Practitioner, Josefina Oskar.

18 September, 2024

Business / Economics

August 2024 sees 15% reduction in vehicle sales

Vehicle sales dropped to 995 units in August, down from 1,172 in July 2024 and 1,101 in August 2023, reflecting declines of 15.1% month-on-month and 9.6% year-on-year. The decrease affected both passenger and commercial vehicles. Here's Simonis Storm Economist, Halleluya Ndimulunde.

18 September, 2024

Business / Economics

NSA informal cross-border trade study reveals gender disparities

The Namibia Statistics Agency (NSA) has released the findings of a study conducted in November 2023 on informal cross-border trade. According to the report, Namibia exported goods valued at N$9.1 million and imported goods worth N$1.2 million during the period under review. The NSA's Executive for Economic Statistics, Abel Sindano, emphasized the importance of informal cross-border trade in the region. He said that it plays a critical role in sustaining […]

18 September, 2024

Business / Economics

How to thrive at work if your older boss expects hustle culture

For young professionals working under older bosses, navigating hustle culture can be challenging but not impossible. (Shutterstock) By Sorin Rizeanu, University of Victoria Portia from the comedy-drama series The White Lotus is the epitome of Generation Z. As the assistant for a self-absorbed heiress, she embodies both the strengths and flaws of the younger generation: perpetually connected to the digital world, brimming with intelligence and full […]

18 September, 2024

Business / Economics

South Africa needs more nautical scientists and maritime engineers – if you love the sea these may be the careers for you

Careers in the maritime industry can take graduates all over the world. Igor-Kardasov By Ekaterina Rzyankina, Cape Peninsula University of Technology When most people are asked to picture an engineer at work, they probably imagine a civil engineer in a hard hat at a construction site, a chemical engineer in a laboratory or an electrical engineer examining a complex circuit board. Very few, I’m willing to bet, visualise […]

18 September, 2024