insert_link Business / Economics The role of preservation funds in shaping financial legacies By Ndadhi Ndoroma, General Manager: Personal Financial Advice, Old Mutual Namibia In the world of financial planning, the preservation of wealth stands as a vital component in establishing a durable financial legacy. With their strategic position, preservation funds emerge as prosperity guardians, guaranteeing future generations' financial well-being. This article will explore the critical function preservation funds play in preserving and transferring wealth. Preservation funds are essential to financial […] todayFebruary 22, 2024 5
insert_link Business / Economics Weekly Economics Wrap 17-22 February 2024: A Snapshot of Global and African Economic Developments Puma Energy Namibia Halts EV Charging Station Initiative Puma Energy Namibia has temporarily suspended its initiative to install electric vehicle (EV) charging stations nationwide. The decision is attributed to the low adoption of electric vehicles and the high associated costs. Adell Samuelson, General Manager of Puma Energy Namibia, highlighted challenges such as affordability and limited range, contributing to a lack of interest among potential buyers. Namibia Faces Grey Listing for […] todayFebruary 22, 2024 18
insert_link Business / Economics Driving Economic Transformation: Namibia’s Strategic Moves, South Africa’s Inflation Trends, and Global Financial Indicators In the dynamic landscape of global economics, strategic initiatives play a pivotal role in shaping the future prosperity of nations. In this article, we delve into three key developments that are currently influencing economic dynamics: Namibia's focus on dry ports and railway upgrades, South Africa's inflation trends, and the latest global financial indicators. Namibia's Economic Transformation: Analysts are highlighting the transformative potential of prompt execution of dry ports and […] todayFebruary 22, 2024 13
insert_link Business / Economics How politicians can draw fairer election districts − the same way parents make kids fairly split a piece of cake Unchecked, politicians are likely to try to grab as much electoral power as they can. Fabrice LEROUGE/ONOKY via Getty Images Benjamin Schneer, Harvard Kennedy School; Kevin DeLuca, Yale University, and Maxwell Palmer, Boston University Redistricting – the process of determining the boundaries of election districts in which people vote – is a key element of politics that has more of an effect than people might realize. One Republican political consultant […] todayFebruary 21, 2024 17
insert_link Business / Economics N-Soft Spearheads Digital Sovereignty and Economic Intelligence with New Burundi Partnership N-Soft is set to revolutionize revenue mobilization in Burundi, a nation of just over 13 million people with a 4.0% growth rate, through the imminent deployment of the Gambling Management System (GMS), its disruptive governance solution for the gambling sector. Because of the lack of transparency in the industry, millions of dollars in revenue go unreported and untaxed every year. However, up until now, the national authorities have […] todayFebruary 21, 2024 15
insert_link Business / Economics Japan Airlines admits subsidiaries cheated on driving tests Japan's two biggest airlines admitted that subsidiaries allowed employees to cheat on written driving exams, according to a statement and local media, the latest embarrassing episode for the country's aviation sector. Japan Airlines (JAL) said that 11 employees from two of its subsidiaries "engaged in the malpractice of answering questions while looking at textbooks" between 2022 and 2024. Their driving permits have been returned to authorities, JAL said, […] todayFebruary 21, 2024 36
insert_link Business / Economics The essence of business transformation and strategy By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia Corporate transformation and strategy are more than simply buzzwords in the rapidly evolving corporate world; they are essential to long-term success. In addition to keeping up, those that understand the value of strategic planning and transformation also lead with an unwavering vision for greatness. Business transformation is a significant movement that fundamentally alters the […] todayFebruary 21, 2024 36
insert_link Africa UNDP launches “timbuktoo” initiative in Davos to revolutionize Africa’s startup ecosystem In Davos, the United Nations Development Programme (UNDP) launched the "timbuktoo" initiative in collaboration with African countries. The initiative, unveiled during a special session at the 24th Annual Meeting of the World Economic Forum, aims to be the world's largest financing facility, uniting catalytic and commercial capital to bolster Africa's startup ecosystem. H.E. President Paul Kagame of Rwanda, H.E. President Nana Akufo-Addo of Ghana, the Secretary-General of the African […] todayFebruary 21, 2024 140
insert_link Business / Economics ‘Enough is enough’: With $300 billion in debt, court says it’s time to liquidate China’s Evergrande Evergrande's Hong Kong-traded shares plunged more than 20% early on Monday before they were suspended from trading after a Hong Kong court ordered the world’s most heavily indebted real estate developer to undergo liquidation. The firm is the second biggest company in China's enormous property market, with $300 billion (€277 billion) owed to banks and bondholders. A court order for a liquidation process means that the company's assets will be […] todayFebruary 21, 2024 9