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

economic challenges

17 Results / Page 1 of 2

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Africa

Nigeria’s Food Crisis Expected to Worsen Amid Economic Hardship

Nigeria is projected to see a severe hunger crisis next year, with over 30 million people facing food insecurity—a 33% increase from this year—due to economic challenges, according to a government and UN report as seen by CNBCAfrica. Economic hardship has intensified following austerity reforms by President Bola Tinubu, including currency devaluation and the removal of a longstanding petrol subsidy, contributing to rising inflation and a cost-of-living crisis.

todayNovember 4, 2024 6

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South Africa

Deputy President Says Government Is Collaborating with Development Bank to Aid Indebted Municipalities

  S.A's Deputy president Paul Mashatile says the government is working with the Development Bank of Southern Africa to secure resources to assist municipalities that are in debt. Municipalities owe creditors 116.5-billion-rand, with 75.3-percent of this debt more than 90 days overdue. In turn municipalities in 2023/2024 were owed 339.9-billion-rand. Answering questions in the National Assembly yesterday, Mashatile said it is concerning that many municipalities are in financial stress:  

todayNovember 1, 2024 21

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Namibia

NSA’s Omission of Unemployment Data Raises Serious Concerns

The Statistics Agency recently released the 2023 Census report, excluding crucial labour force data, including unemployment statistics, which have not been updated since 2018 when the rate was 33.4%. Cirrus Securities experts warn that current unemployment may exceed 40% due to economic challenges and the impact of COVID-19. This omission raises alarms about the NSA's independence and integrity, undermining public trust in its role to provide comprehensive data. It says […]

todayNovember 1, 2024 11

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South Africa

Cosatu Expresses Disappointment with S.A’s Treasury’s Economic Strategies

  S.A union, Cosatu says it remains underwhelmed and disappointed by the Treasury’s continued approach to tackling South Africa’s deep-seated economic and governance crises. The union federation was responding to the Medium-Term Budget Policy Statement. Cosatu’s, Matthew Parks, says the fundamental challenges facing the nation are a stagnant economy and a rising unemployment rate of 42.6-percent:  

todayOctober 31, 2024 15

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Africa

Botswana Prepares for Crucial Election as President Masisi Seeks Second Term

    Botswana is set to vote today in an election that will decide if President Mokgweetsi Masisi can secure a second term amid economic challenges linked to declining diamond demand according to Reuters. The Botswana Democratic Party, in power since 1966, remains the frontrunner despite facing a drop in popularity, as voters will elect a National Assembly, with the largest party responsible for selecting the president.

todayOctober 30, 2024 11

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South Africa

Transport Minister In S.A Calls for Sustainable Solutions as Taxi Sector Faces Rising Finance Costs

In S.A, its transport minister Barbara Creecy has expressed concern over rising vehicle finance costs for the taxi sector. Speaking to the ANC NEC about the Taxi Recapitalisation Programme, she noted that the current scrapping allowance is insufficient, and unaffordable. Creecy says the programme’s model is now outdated. She aims to engage stakeholders and financiers to find sustainable solutions for the sector:  

todayOctober 28, 2024 20

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South Africa

EFF has welcomed the consumer price inflation figures released by Statistics South Africa

In S.A, the EFF has welcomed the consumer price inflation figures released by Statistics South Africa, indicating a further decline from 4.4-percent in August to 3.8-percent in September. This marks the lowest inflation rate since March 2021. The EFF’s, Leigh-Ann Mathys, says this confirms the inflationary pressures faced by the country are not demand-driven, but a result of economic and global challenges that require a different monetary policy approach: Meanwhile, […]

todayOctober 24, 2024 15

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Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.  

todaySeptember 24, 2024 46

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Africa

Africa’s ageing leaders: succession race in Cameroon, Congo and Equatorial Guinea could destabilise the region

    By Serge Loungou, Université Omar Bongo (UOB)   Teodoro Obiang Nguema Mbasogo of Equatorial Guinea is 82 and has been in power for 45 years. Denis Sassou Nguesso of Congo, 79, has held on to power for 40 years. Cameroon’s Paul Biya is 91 and has been president for 42 years. Their extended tenures are largely due to a lack of constitutional limits on presidential age and terms […]

todayAugust 23, 2024 10

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