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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1309 Results / Page 94 of 146

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Business / Economics

Morning Biznews update – 22 March 2024

With South Africa’s annual consumer price inflation increasing to 5.6% in February, exceeding economists' expectations, and rising closer to the top of the central bank's 3% to 6% target range, all hopes of an interest rate cut before the Monetary Policy Committee meeting in July have fallen. A number of economists are in fact now looking at September as the first opportunity for any easing of the country’s 8.25% repurchase rate. […]

todayMarch 22, 2024 8

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Africa

Africa is fueling India’s economic ambitions

  By Bonface Orucho, bird story agency   India is growing its investment and nurturing diplomatic alliances with a range of countries in Africa, recognizing the continent as a key component in its pursuit of superpower status. In the latest move, Ethiopia’s ambassador to India disclosed to The Print, an Indian news outlet recently, that the two countries are “in the final stages of clinching defence cooperation.” This is just […]

todayMarch 20, 2024 20

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Business / Economics

Namibia may tap its trillion dollar oil & gas windfall to fuel renewables ambitions.

    By Bonface Orucho, bird story agency   Namibia has been advancing extensive oil and gas exploration, and making substantial discoveries. Portuguese oil and gas company recently announced another discovery of “a significant column” of light oil in high-quality reservoirs. A press statement from Galp on March 15, confirmed the find at the Mopane-2X well in the larger Orange Basin, off the Namibian Coast, adding to its oil discovery […]

todayMarch 20, 2024 51

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Africa

Cocoa beans are in short supply: what this means for farmers, businesses and chocolate lovers

    By Michael E Odijie, UCL   A shortage of cocoa beans has led to a near shutdown of processing plants in Côte d'Ivoire and Ghana, the two countries responsible for 60% of global production. With chocolate makers around the world reliant on west Africa for cocoa, there is significant concern about the impact on the prices of chocolate and the livelihood of farmers. Cocoa researcher Michael Odijie explains […]

todayMarch 20, 2024 9

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Business / Economics

20 March 2024 Morning Biz News: Latest Financial Highlights: Dividends, Solar Power Initiative, Oil Prices, and Market Trends

  FirstRand Namibia Announces Dividend Payment to Government Institutions Pension Fund: FirstRand Namibia has declared dividends amounting to over 321 million Namibian dollars to the Government Institutions Pension Fund. These dividends, stemming from the financial year ending June 2023, underscore the strong performance of FirstRand Namibia's diverse portfolio of financial services businesses. Noteworthy subsidiaries contributing to this success include FNB Namibia, RMB Namibia, WesBank Namibia, Ashburton Investments Namibia, and PointBreak […]

todayMarch 20, 2024 22

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Business / Economics

SA Retailer Confidence Wanes in Q1 Amid Election Uncertainty

Despite heightened sales volumes, South Africa's retailer confidence has dwindled in the first quarter, likely due to consumer apprehension about purchasing significant items ahead of the national election. The Bureau for Economic Research's recent survey indicated a decline in confidence levels to 34 index points, with profitability remaining subdued. Nonetheless, non-durable goods retailers experienced improved volume growth, while textiles, clothing, and footwear retailers saw a resurgence in sales volumes.

todayMarch 20, 2024 6

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