insert_link AfricaWFP to Shut Down Southern Africa Bureau The United Nations’ World Food Programme is closing its regional bureau for Southern Africa, a communications officer confirmed on Monday to CNBCAfrica. The decision, announced in an internal email from WFP Global Executive Director Cindy McCain, was shared with staff worldwide on Friday according to Bloomberg News. A WFP spokesperson in Johannesburg confirmed the closure to Reuters but did not provide reasons or clarify whether it was linked to recent […] today4 March, 2025
insert_link Business / EconomicsMorning Biz News 03 March 2025: Market, Ports, Inflation & Crypto Local Stock Market Update The Namibian Stock Exchange (NSX) saw a total trade volume of 31,856 shares on Friday, amounting to N$1.46 million across 19 transactions. Year-to-date, the market has recorded 9.9 million shares traded, totaling N$588.4 million over 799 deals. Exchange-Traded Products (ETPs) continue to gain traction, contributing N$12.1 million in trade value since the start of the year. Major Investment in Durban Container Terminals South Africa’s Durban Container […] today3 March, 2025
insert_link Business / EconomicsMorning Biz News – 21 February 2025 Namibia Poised for Historic Trade Milestone Namibia is set to make history with its first export under the African Continental Free Trade Area (AfCFTA), marking a significant milestone in the country’s trade expansion efforts. According to The Brief publication, the Chamber of Commerce and Industry has called on local businesses with consignments ready for shipment by next month to participate in this groundbreaking initiative. The move is expected to enhance […] today21 February, 2025
insert_link AfricaBotswana Holds Interest Rate Steady Amid Rising Inflation Botswana’s central bank has maintained its monetary policy rate at 1.90% for the third consecutive meeting, the bank announced on Thursday says CNBCAfrica. Inflation rose to 2.5% in January, up from 1.7% in December, but remains below the Bank of Botswana’s preferred range of 3% to 6% in the medium term. The country’s economy, heavily reliant on diamond exports, faced a contraction last year due to weakened global demand for […] today21 February, 2025
