insert_link Business / Economics FNB Namibia expects inflation to reach 4.7% in September FNB Namibia expects headline inflation to increase to 4.7% year-on-year in September from 4.4% in August, mainly driven by rising food and non-alcoholic beverage prices because of the ongoing drought, while transport costs continue to decline. Core inflation is expected to slightly decrease from 3.8% in August to 3.7% in September. This small drop suggests that, even though overall inflation might temporarily rise, inflationary pressures in the economy are gradually […] today2 October, 2024
insert_link Business / Economics IMF projects Namibia’s GDP growth to slow to 3.6% in 2024 The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture. today17 July, 2024
insert_link 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 […] today6 February, 2024
insert_link 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. […] today6 February, 2024
insert_link Business / Economics IMF forecasts Asia-led global economic soft landing in 2024 The International Monetary Fund is forecasting growth in Asia will help guide the global economy to a ‘soft landing’ in 2024. The IMF on Wednesday released its regional outlook for the Asia-Pacific which expects China and India to drive growth in the region. today1 February, 2024
