insert_link Business / Economics Sri Lanka cuts key interest rates, seeks China deal Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told […] todayMarch 26, 2024 28
insert_link Business / Economics Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable Opinion Piece, By Josef Kefas Sheehama Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […] todayMarch 26, 2024 28
insert_link Business / Economics Costly mistakes to avoid as a Namibian farmer By Hanks Saisai, Technical Advisor: Crops & Poultry, Agribank Many livelihoods in Namibia rely directly or indirectly on agriculture and the products that reward the hardworking men and women who farm as a way of life. It is important to note that the journey of a farmer requires hard work, determination, dedication, and a sense of innovation. One must always be aware of common mistakes that are […] todayMarch 26, 2024 68
insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 20
insert_link Business / Economics EXCLUSIVE INTERVIEW: Independent Business and Economics Researcher Josef Kefas Sheehama Advocates for Parastatal Transparency In a recent statement, Josef Sheehama emphasized the critical importance of transparency within state-owned enterprises, also known as parastatals. Speaking on the issue, Sheehama highlighted the direct correlation between the lack of transparency and the prevalence of corruption within these entities. Sheehama asserted that without adequate transparency and accountability measures in place, corruption becomes an enticing prospect for individuals seeking personal enrichment at the expense of public resources. He underscored […] todayMarch 26, 2024 20
Africa Cultural wealth can drive economic growth in African cities By Bonface Orucho, bird story agency With the right policies, African cities hold immense potential to drive significant economic growth by capitalizing on their rich cultural heritage and harnessing the creativity of their youthful populations, according to a new report. “Africa’s urban landscapes are not just repositories of heritage and tradition; they are dynamic centres of innovation, awaiting the right policies to support unlocking their full potential,” the […] todayMarch 25, 2024 28
Africa Kigali is Africa’s fastest rising international financial centre By Conrad Onyango, bird story agency Rwanda’s deliberate move to carve a niche in sustainable finance is helping to grow Kigali as Africa’s next significant International Financial Centre. The capital city has climbed up 18 spots, the highest in Africa and third highest globally, in the 35th edition of the Global Financial Centers Index (GFCI) rankings, placing it third in Africa and 67th globally. “The greatest improvements were […] todayMarch 25, 2024 16
insert_link Business / Economics Why do identical informal businesses set up side by side? It’s a survival tactic – Kenya study By Tim Weiss, Imperial College London The population on the African continent will have nearly doubled by 2050, according to UN projections. About 800 million more young Africans will enter the job market by then. Combine this forecast with the high youth unemployment rate in many African countries today, then the pressing question is: who will create stable jobs at mass scale? Many policies to create […] todayMarch 25, 2024 7
insert_link Business / Economics Worried about how to support your child’s education? Here are four useful steps you can take By Benta A. Abuya, African Population and Health Research Center Parents play a crucial role in supporting their children’s learning. Their involvement lays the foundation for success both inside and outside the classroom. This makes a parent’s consistent support and nurturing important at every stage of formal schooling, and even before that. The key lies in creating a supportive and encouraging environment at home. In the school […] todayMarch 25, 2024 29