Inflation in Nigeria is still climbing while it has slowed globally: here’s why

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

By Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

March 14, 2024 29

Business / Economics

Social media influence audiences worldwide

By Bank Windhoek’s Digital Marketing Specialist, Julian Mentzel Social media is present in almost every part of our everyday lives. It is a universal platform for entertainment, communication, and information sharing. With billions of users globally, social media sites like WhatsApp, Facebook, Instagram, X (formerly Twitter), Threads, TikTok, YouTube and LinkedIn provide various features to appeal to different audiences in the rapidly changing digital communication landscape. The […]

March 14, 2024 49

Africa

Appetite from local investors fuels surge in African startup funding

By Seth Onyango, bird story agency Despite a steep downturn in startup funding in Africa since 2022, more African investors are channelling substantial investments into homegrown enterprises. This is a marked departure from the previous years, when North American investors, particularly from the U.S., led the charge in startup funding across the continent. Analysis from Africa: The Big Deal identified at least 619 unique investors who participated in […]

March 14, 2024 47

Business / Economics

World oil demand grows amid Red Sea shipping disruptions: IEA

Global oil demand is forecast to grow more than expected due to a brighter US economic outlook and rising fuel needs of ships rerouted away from the Red Sea, the International Energy Agency said Thursday. Commercial ships have been taking longer and costlier journeys around the southern tip of Africa to avoid attacks by Yemen's Huthi rebels in the Red Sea, a vital international trade route. The […]

March 14, 2024 16

Business / Economics

Financial abuse from an intimate partner? Three ways you can protect yourself

By Bomikazi Zeka, University of Canberra Financial abuse occurs when one person takes control over another person’s ability to acquire, use and maintain financial resources. An example is being denied access to your own funds or being forced to deposit your salary into a joint bank account but not having access to the account. It could also take place when large withdrawals are made from joint bank accounts […]

March 14, 2024 24

Business / Economics

Namibia endorses new measures to improve access to justice at Commonwealth law ministers meeting

Commonwealth countries, including Namibia, endorsed a new set of measures at the Commonwealth law ministers meeting in Zanzibar, designed to improve people’s access to justice. The measures were the result of four-day deliberations among law ministers at their biennial meeting in Tanzania. They were also guided by input from diverse stakeholders, including people with disabilities, civil society representatives and leading innovators in the legal sector. Under these […]

March 14, 2024 14

Business / Economics

IJG Ghost Biz – 14 March

Gary talks to The Ghost about Absa, Remgro, Quantum Foods, Caxton, Old Mutual, and WeBuyCars. https://iono.fm/e/1415970

March 14, 2024 141

Business / Economics

7-14 March 2024 Weekly Economics Wrap: Key Developments Shaping Markets

Namibia Focus: The Ministry of Industrialisation and Trade continues its commendable efforts in nurturing entrepreneurship within Namibia. Approximately 2000 Macro, Small, and Medium Enterprises (MSMEs) have undergone entrepreneurship training under the EMPRETEC Namibia program since its inception in 2019. This week, an additional 188 MSMEs commenced their training, signaling continued support for the growth and development of entrepreneurial skills in the business sector. The Pupkewitz Group, a prominent player […]

March 14, 2024 15

Business / Economics

14 March 2024 Morning Biz News: Strategic Expansion: Namib Desert Diamonds Targets Far East Markets

Namib Desert Diamonds (NAMDIA) has set its sights on the Far East, with a strategic push into markets in Vietnam and Hong Kong. This move, spearheaded by Alisa Amupolo, the Chief Executive Officer of NAMDIA, aims to leverage emerging opportunities and position the company for substantial revenue growth in the region. The announcement of this expansion underscores the growing significance of Far East markets in the global diamond trade. With […]

March 14, 2024 13