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    Josia Shigwedha

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    Josia Shigwedha

Economic Impact

64 Results / Page 5 of 8

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Africa

Ghana’s Consumer Inflation Climbs to 22.1% in October

  Ghana's consumer inflation rose for the second consecutive month in October, reaching 22.1% year-on-year, up from 21.5% in September, according to the country's statistics service. Reuters says, a government statistician shared that both food and non-food inflation had increased during the month. He highlighted that three sectors—food and non-alcoholic beverages, housing, water and fuel, and transport—accounted for about two-thirds of the overall inflation rate for October.

today7 November, 2024

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South Africa

OUTA Opposes Eskom’s Proposed 66% Electricity Price Hike

  The Organisation Undoing Tax Abuse opposes Eskom's proposed 66-percent electricity price hike over three years, calling it unaffordable and harmful to the economy. They urge the power utility to focus on cutting costs and improving efficiency and focus on clean energy. OUTA’s Estienne Ruthnam urges the National Energy Regulator of South Africa to reject the increases to prevent further economic hardship for consumers and businesses alike:  

today6 November, 2024

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Business / Economics

US jobs growth slower than expected last month

  US job growth was slower than expected in October, as hurricanes and striking workers held down employment. The US job market is in the spotlight with just days to go until election day - where the economy has been at the centre of candidates' campaigns. Sally Patterson reports.  

today4 November, 2024

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Business / Economics

Russia Raises Interest Rates to 21% Amid Ongoing Economic Pressures from Ukraine Conflict

Russia's central bank hiked interest rates to 21 percent, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive triggered rapid price rises at home. The increase takes rates to their highest level since 2003. Despite the high inflation and Western hopes sanctions would cripple the Russian economy, the Kremlin is set to ramp up military spending yet again next year. Analysts say Moscow […]

today28 October, 2024

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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, […]

today24 October, 2024

Business / Economics

Gates Foundation Report Calls for Targeted Global Health Spending to Save Millions of Children from Malnutrition and Disease

    In its eighth annual Goalkeepers report released today, the Bill & Melinda Gates Foundation urged world leaders to increase global health spending where it is needed most in order to boost children’s health and nutrition, especially in the face of the global climate crisis. The Goalkeepers report, “A Race to Nourish a Warming World,” projects that without immediate global action, climate change will condemn an additional 40 million […]

today17 September, 2024

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Africa

Rating agencies and Africa: the absence of people on the ground contributes to bias against the continent – analyst

    By Misheck Mutize, University of Cape Town   Rating agency Fitch recently warned that the rapid spread of the mpox virus in sub-Saharan Africa could add to the fiscal pressures many countries in the region are already experiencing. The Africa Centres for Disease Control and Prevention and the World Health Organization have declared the latest outbreak of mpox in Africa a health emergency. An epidemic in the Democratic […]

today9 September, 2024

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Local

Groundbreaking ceremony marks a milestone in Capricorn Group’s journey of positive change

    Capricorn Group marked a historic milestone on August 20 with the commencement of construction for a significant new development in Windhoek's central business district. Located next to the Capricorn Group building at the corner of Independence Avenue and Kasino Street, the groundbreaking ceremony represents a transformative journey for the Group’s employees, customers, and the surrounding business community. It also signifies Capricorn Group’s commitment to contributing meaningfully to the […]

today20 August, 2024

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Environment

UN chief calls for cooperation on heat wave impact

The United Nations Secretary-General António Guterres is calling for an urgent and concerted effort to strengthen international cooperation to address extreme heat. Guterres says extreme heat is increasingly tearing through economies, widening inequalities, undermining the Sustainable Development Goals and killing people.  

today30 July, 2024