Financial Planning for Namibia’s Millennials

Financial Planning for Namibia’s Millennials

By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […]

March 28, 2024 16

Business / Economics

South Africa’s electricity crisis: what political parties say in their election manifestos about solving it

By Hartmut Winkler, University of Johannesburg South Africa is in the middle of a deep electricity crisis. In 2023 the public, many of whom are voters, experienced the worst loadshedding to date, losing power for an average of five hours a day. The power shortages were largely due to excessive breakdowns in the country’s coal power plant fleet, which generates over 80% of South Africa’s electricity, combined […]

March 28, 2024 23

Africa

Kenya has tightened its laws to stop money laundering: why banks are the focus

By Constance Gikonyo, University of Nairobi Kenya’s banking industry has in recent years been in the crosshairs of national, regional and international watchdogs, given the country’s role as a financial hub in eastern Africa. In 2023 Kenya enacted laws to curb money laundering and combat terrorism financing. While the laws have led to tougher sanctions on some banks, the risk of money laundering remains, and the country was […]

March 28, 2024 20

Business / Economics

IJG Ghost Biz – 28 March 2024

Gary and The Ghost talk about Spar, Barloworld, Nampak, ADvTECH, and MTN. https://iono.fm/e/1420238

March 28, 2024 12

Business / Economics

Weekly Economics Wrap: March 21-28, 2024

As the global economic landscape continues to evolve, this week's wrap-up brings forth significant developments from Namibia, South Africa, across Africa, and internationally. From record-breaking achievements in the mining sector to ambitious economic reforms and market movements, here's a glimpse of the key highlights: Namibia: Andrada Mining's Milestone Performance: Andrada Mining proudly announced record-breaking production figures for the fiscal year 2024 (FY24), accompanied by a robust cash balance of […]

March 28, 2024 18

Business / Economics

28 March 2024 Morning Biz News: Economic Insights: Record Mining Production, Nigeria’s Economic Overhaul, and Global Market Trends

In the dynamic landscape of global economics, recent developments highlight both achievements and strategic shifts aimed at fostering growth and stability. From record-breaking production figures in the mining sector to comprehensive economic reforms in Nigeria, coupled with fluctuations in oil prices and currency markets, these events offer insights into the current state of affairs and future trajectories. Andrada Mining's Milestone Performance Andrada Mining has made headlines with its remarkable […]

March 28, 2024 22

Business / Economics

South Africa’s Reserve Bank keeps repo rate unchanged

The South African Reserve Bank's Monetary Policy Committee has decided to keep the repo rate unchanged at 8.25 percent. This keeps the prime lending rate in SA at 11.75 percent. SARB Governor Lesetja Kganyago.

March 27, 2024 54

Business / Economics

Ohlthaver & List Group begins N$350m solar project in Germany

The Ohlthaver and List Group has started construction of a Philippsee floating photovoltaic power plant in Bad Schönborn, Germany. With an investment value of approximately N$350 million, the solar park will consist of over 27,000 PV panels and cover more than eight hectares of water surface area. Here is the Executive Chairperson of the Ohlthaver & List Group, Sven Thieme.

March 27, 2024 117

Africa

Kenya Airways’ operating profit skyrockets

One of Africa’s largest airlines, Kenya Airways, made an operating profit in 2023 – the first time since 2017. The AFP news agency quotes CEO Michael Joseph as saying, the $80mexcess is a "significant milestone". Part of the reason for the success was a more than 50% jump in revenue thanks to an increase in passenger numbers. The BBC further reports that Kenya Airways, which is partly owned by the […]

March 27, 2024 9