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

economic challenges

27 Results / Page 1 of 3

Background

Business / Economics

ECB Cuts Rates Again Amid Economic Uncertainty

The European Central Bank has reduced interest rates for the sixth time in nine months in an effort to support economic growth in the eurozone says BBC. Despite economic challenges such as the threat of U.S. tariffs and plans to increase European military spending, the bank remained committed to its strategy of lowering rates. The ECB lowered its main interest rate from 2.75% to 2.5% and further revised its economic […]

today7 March, 2025 24

South Africa

In S.A, the MK Party says the SONA was disappointing

In S.A, the MK Party says the state of the nation address was disappointing, hollow, and uninspiring. In his address on Thursday evening, president Cyril Ramaphosa made strong statements about investing in the future of South Africa and standing up to bullies on the global stage. MK Party’s deputy president, John Hlophe, says Ramaphosa should have started his address by giving an update on the progress made to the promises […]

today7 February, 2025 51

Business / Economics

Young Generations Redefine Life Insurance According To Old Mutual

Ndadhi Ndoroma, General Manager of Personal Financial Advice at Old Mutual Namibia, notes that Millennials and Gen Z are reshaping life insurance by prioritizing financial flexibility, wealth-building, and digital accessibility. Unlike older generations, they seek adaptable, tailored solutions to fit their evolving lifestyles and economic challenges. With rising living costs and student debt, they view life cover as a safety net rather than just family protection.

today5 February, 2025 18

Business / Economics

Bank Windhoek Warns Against Poor Financial Planning

  Bank Windhoek's Credit Executive Officer, Eddie King, identifies poor financial planning, unexpected expenses, economic downturns, and over-reliance on credit as major causes of financial default. He stresses the importance of budgeting, emergency funds, and strong financial planning to navigate economic challenges and avoid high-interest debt traps. King urges individuals and businesses to stay informed about economic trends to make better financial decisions.

today5 February, 2025 26

South Africa

S.A. Trade Minister Says Davos Meeting to Showcase South Africa’s Economic Progress

  S.A's Minister of Trade, Industry, and Competition, Parks Tau, says the World Economic Forum Annual Meeting will be a platform for South Africa to show that it addresses the challenges facing the economy and the country. He says the importance of attending the WEF meeting cannot be underestimated in the face of South Africa’s ambitions to prop itself up as an investment destination of choice:  

today17 January, 2025 28

South Africa

S.A Union Urges Equal Success for Girls and Boys in South African Schools

  The South African Democratic Teachers’ Union is calling on the Department of Basic Education to do more to ensure that both girl and boy learners succeed equally. This as more female learners wrote the 2024 National Senior Certificate examinations and outperformed male learners. Sadtu’s spokesperson, Nomusa Cembi, says the government must prioritise education as a vital investment in addressing social and economic challenges:  

today15 January, 2025 30

Africa

World Bank Cuts Kenya’s Growth Forecast to 4.7%

CNBCAfrica says the World Bank on revised Kenya’s 2024 economic growth projection down to 4.7% from an earlier estimate of 5.0%, attributing the downgrade to the effects of floods, anti-government protests, and sluggish fiscal reforms on Tuesday. Despite progress in stabilizing the exchange rate, increasing central bank reserves, and reducing inflation, Kenya remains at a high risk of debt distress, according to the bank's latest report.

today11 December, 2024 15

South Africa

Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction

  S.A Union Cosatu says it is disheartening that the country’s gross domestic product has contracted by 0.3-percent in the third quarter compared to the second quarter. Statistics South Africa said the leading contributors to the decline were agriculture, transport, and communications. Cosatu’s, Zanele Sabela, says for a brief period, it appeared as if things were improving when expanded unemployment fell by 0.7-percent, and inflation dropped to 2.8-percent:  

today4 December, 2024 26