insert_link Africa Harvard professors to lead 7-week online course for Africa’s aspiring entrepreneurs Today marks the exciting launch of enrollment for AfricaLive!, a ground-breaking 7-week online course meticulously designed to empower aspiring entrepreneurs with the essential skills and insights for success in the rapidly evolving African business landscape. This highly anticipated program is the product of an extraordinary collaboration, bringing together the academic expertise of Harvard Business School Professors Caroline Elkins, Tarun Khanna, and Karim Lakhani with the leadership acumen of the […] todayDecember 15, 2023 11
insert_link Business / Economics ATIDI signs partnership agreement to underwrite AMEA Power’s 20 MW Solar Project in Uganda African Trade & Investment Development Insurance, ATIDI, announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent Power Producer (IPP). ATIDI will support the project via its Regional Liquidity Support Facility (RLSF) by providing payment guarantees for the benefit of the project on behalf of the Ugandan national power utility, Uganda Electricity Transmission Company Limited (UETCL). The partnership was announced in a signing […] todayDecember 15, 2023 39
insert_link Business / Economics Needing to borrow money? Four tips on what’s okay and what’s not By Bomikazi Zeka, University of Canberra It’s a financially challenging time for most households. With interest rates rising, many are spending even more money on debt repayments or taking out loans to help make ends meet. A report released recently in South Africa, compiled by one of the country’s biggest banks, found that 42% of South Africans, across various income levels, cannot manage their debt. This indebtedness has caused […] todayDecember 14, 2023 4
insert_link Business / Economics Stocks track record day on Wall St, dollar extends losses Equity markets rallied Thursday and the dollar extended losses after the US Federal Reserve indicated it would begin cutting interest rates next year. The surge across the region tracked a record-breaking day on Wall Street, where traders cheered a much-sought-after dovish pivot from the central bank as US inflation comes down. After more than a year of hiking, decision-makers at their last meeting of the year acknowledged that they […] todayDecember 14, 2023 3
insert_link APO International Rising threats: Cybercriminals unleash 411,000 malicious files daily in 2023 Kaspersky’s (www.Kaspersky.co.za) detection systems discovered an average of 411,000 malicious files every day, which is an increase of nearly 3% in 2023 compared to the previous year. Particular types of threats also escalated: experts observed a marked surge of 53% in attacks involving malicious Microsoft Office and other types of documents. Attackers leaned towards more dangerous tactics, such as utilising backdoors to infiltrate systems undetected. These insights, detailed […] todayDecember 14, 2023 1
insert_link Business / Economics The gross domestic product for the third quarter of 2023 expanded by 7.2 percent Domestic Economy 1. In the third quarter of 2023, the Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessed a commendable trend, characterized by 10 consecutive quarters of positive growths. 2. In nominal terms, the size of the Namibian economy, quantified […] todayDecember 14, 2023 6
insert_link Africa Uganda sends delegation to mend trade ties with the U.S. Uganda has sent a government delegation to the US to try and salvage trade relations between the two nations. Isabel Nakirya reports that the US has threatened to end trade ties with Uganda after the country enacted an anti-gay law in May this year. todayDecember 13, 2023 13
insert_link Business / Economics Competition Commission investigates merger violations The Namibian Competition Commission says there are a few cases that they are currently investigating. In addition, 10 cases of contravention of merger regulations are under investigation and the mergers division is monitoring a further 37 cases. Meanwhile, in respect to anti-competitive conduct, the Commission during 2023, handled 19 investigations, of which six have been completed. Here is the Director of Enforcement and Cartels Division at NaCC, Paulus Hangula with […] todayDecember 13, 2023 13
insert_link Business / Economics Airbnb agrees 576-mn-euro deal in Italy tax dispute Short-term rental platform Airbnb said Wednesday it has agreed to pay Italy's tax agency 576 million euros ($621 million) following allegations of tax evasion. Italy's financial police seized over 779 million euros from the online accommodation service last month on the order of Milan prosecutors, who accused the site of having failed to collect a rental income tax from landlords in the period from 2017 to 2021. "Airbnb Ireland has […] todayDecember 13, 2023 19
