Development economist says SA’s budget lacks political will

Development economist says SA’s budget lacks political will

With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […]

February 22, 2024 21

Business / Economics

Japan and the United Kingdom enter recession

Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development.

February 19, 2024 20

Africa

Uganda revamps oil imports

Uganda is seeking to revamp its oil import procedures by shifting to Tanzania as its primary import hub. As it stands Ugandan fuel companies acquire 90 percent of their supplies through Kenyan companies. Daniel Kijo reports from Dar es Salaam.

February 19, 2024 45

Africa

Nigerian E-payments eclipse South Africa’s 2022 GDP, in latest surge

When the Nigerian Central Bank introduced newly designed currency notes in November 2022 and a month later put a cap on the maximum amount of hard cash that individuals and corporations could withdraw, the idea was to tame money laundering in the country. During that year’s Christmas festive season and in the run-up to the 2023 Nigerian presidential election in February 2023 –– two high spending seasons –– the country […]

February 15, 2024 14

Business / Economics

Economists call for more frequent Government finance updates

Local Market stakeholders say the country needs more regular updates and analyses on Government Finances. Right now, Namibia only gets them twice a year. With the national budget coming up in about two to three weeks, we asked local economist Gabriel Erastus how the budget can help with achieving the country's goals.

February 8, 2024 45

Science & Technology

South Africa’s internet space is getting hotter

By Bonface Orucho, bird story agency A surge in internet connectivity and speeds will amplify opportunities within South Africa's already flourishing digital economy, executives in the sector believe. Africa-focused news platform Innovation Village reported the 2Africa subsea cable project is expected to be operational in the Rainbow Nation in 2024. “We expect 2Africa West and 2Africa East to be live by the end of the year,” David […]

February 6, 2024 34

Africa

Somalia’s rekindled aviation industry

By Conrad Onyango, via bird story agency The recent opening of Somalia’s first plane maintenance, repair and overhaul (MRO) facility is the latest indicator of the country’s efforts to revive a civil aviation industry that collapsed more than 30 years ago. Christened the Blue Hangar, the facility in Mogadishu is a key step towards an independent industry, according to local officials, as it offers local flight maintenance capabilities. […]

February 6, 2024 38

Africa

Mali, Burkina Faso and Niger want to leave Ecowas. A political scientist explains the fallout

By Olayinka Ajala, Leeds Beckett University Mali, Burkina Faso and Niger have sent Ecowas, west Africa’s main political union of 15 countries, a formal notice of their withdrawal from the bloc. The three countries are governed by military rulers who have overthrown democratically elected leaders since 2021. The Conversation Africa’s Godfred Akoto Boafo asked political scientist Olayinka Ajala about the implications of the withdrawal. Why are Mali, Benin […]

February 6, 2024 3

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Business / Economics

Namibia’s investment ambassador Michelle McLean bridges sectors globally

Namibia's Investment Promotion and Development Board Consultant, Michelle McLean, who also serves as a Tourism and Investment Brand Ambassador Chairperson and International Business Developer at the Ohlthaver and List Group, shares that she brings together the public and private sectors. Her role involves facilitating collaboration, sharing opportunities, and promoting Namibia globally.

January 24, 2024 112 3