Business / Economics Archives - Page 87 of 184

Gates Foundation Report Calls for Targeted Global Health Spending to Save Millions of Children from Malnutrition and Disease

In its eighth annual Goalkeepers report released today, the Bill & Melinda Gates Foundation urged world leaders to increase global health spending where it is needed most in order to boost children’s health and nutrition, especially in the face of the global climate crisis. The Goalkeepers report, “A Race to Nourish a Warming World,” projects that without immediate global action, climate change will condemn an additional 40 million […]

17 September, 2024

Africa

Africa Creatives Alliance launched at the Africa Urban Forum in Addis Ababa

In alignment with the African Union's Agenda 2063, "The Africa We Want," the Africa Creatives Alliance (ACA) is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural and creative sectors. This groundbreaking alliance will empower cultural and creative entrepreneurs to fully contribute to Africa’s development and integration goals. The ACA, in collaboration with a diverse […]

17 September, 2024

Africa

Kenya could run out of money to repay massive debts: how to avoid this

By Odongo Kodongo, University of the Witwatersrand Data from Kenya’s central bank show that public debt (total money owed) declined between December 2023 and June 2024. The drop in external debt – by 15.4 % – over this period does not mean that the country’s overall finances have improved. Rather, it is due to the gains in the value of the Kenyan shilling, thanks to pervasive state […]

17 September, 2024

Business / Economics

Trans Namib’s hydrogen-powered train expected by April 2025

TransNamib has temporarily suspended a project to convert two locomotives to run on hydrogen and diesel using locally produced green hydrogen. This follows the approval of a N$2.6 billion loan from the Development Bank of Namibia and the Development Bank of Southern Africa to help modernise its fleet. TransNamib and the Namibia Green Hydrogen Programme expect a hydrogen-powered locomotive operational by April next year, according to TransNamib spokesperson Abigail Raubenheimer. […]

16 September, 2024

Africa

African countries are adopting two houses of parliament to boost democracy – but that’s not always what happens

By Thalia Gerzso, University of York At independence, most African states had two legislative chambers – a lower and upper chamber – in their parliament. African leaders saw that as a colonial legacy and as inefficient, so most states removed the upper chambers. Before 1990, only two states kept these bicameral parliaments: Liberia and Nigeria. Since then, however, 40% of the 44 sub-Saharan African states that hold regular […]

13 September, 2024

Business / Economics

Namibia creates one-stop investor center

The Namibia Investment Promotion and Development Board and Namibia Revenue Agency signed a Memorandum of Understanding that allows NamRA to set up an office at the NIPDB, creating a one-stop service center for investors. The NIPDB's senior Manager for Marketing, Communications, and Branding, Catherine Shipushu.

12 September, 2024

Business / Economics

AU Member States join MSME forum in Windhoek

The 3rd Annual Micro Small and Medium Enterprises Forum is currently underway in Windhoek. The forum has attracted delegates from 55 African Union member states and presents opportunities for SMEs from different African countries to showcase their products. We caught up with some exhibitors. SME Compete director, Danny Meyer. Thursday is the day last day for exhibitions at the AU MSME Forum. H.E. Amb. Albert Muchanga, the African Union […]

12 September, 2024

Africa

Ghana is Africa’s largest gold producer, but it has an illegal mining issue: 5 essential reads

By Godfred Boafo, The Conversation Ghana is one of the world’s gold hotspots. It is Africa’s largest producer of gold and it ranks sixth globally. In 2023, 4 million ounces were produced. It is essential to Ghana’s economy, contributing around 7% of gross domestic product. Ghana’s gold mines are found in most parts of the country, and the mining history can be traced back hundreds of years. However, […]

11 September, 2024

Business / Economics

Food and housing drive inflation

The annual inflation rate was 4.4% in August, down from 4.7% in August 2023. Monthly inflation increased to 0.3% from 0.2% in the previous month. Key contributors to inflation were food and non-alcoholic beverages and housing, water, electricity, gas, and other fuels, each contributing 1%. Namibia Statistics Agency spokesperson, Mirjam Shihepo.

10 September, 2024