UK Labour Government Unveils Budget with Tax Increases and Expanded Borrowing

UK Labour Government Unveils Budget with Tax Increases and Expanded Borrowing

October 31, 2024 11

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 […]

October 28, 2024 7

Business / Economics

State of the Namibian Economy 2024 reveals lack of public sector reform

Economist Robin Sherbourne has stressed that good governance and well-crafted policies are more crucial for a country’s long-term economic success than natural resources or the size of its population. Speaking in his recent analysis, Sherbourne argued that the foundation of sustainable economic growth lies in the strength of a nation’s institutions and the effectiveness of its policies. In the same report titled "State of the Namibian Economy 2024," Sherbourne […]

September 2, 2024 43

Africa

Kenya protesters scuffle with police firing rubber bullets, tear gas

By Hillary ORINDE Stone-throwing demonstrators scuffled Tuesday with Kenyan police who fired tear gas, rubber bullets and water cannon to disperse thousands of mostly young people protesting proposed tax hikes in the capital Nairobi, AFP journalists saw. The mainly Gen-Z-led rallies, which began last week, have caught the government off guard, with President William Ruto saying over the weekend he was ready to talk to […]

June 25, 2024 23

Africa

One dead after tax protests in Kenyan capital Thursday

A man died on the sidelines of mass demonstrations against proposed tax hikes in the Kenyan capital, police said Friday, with the mounting protest a day earlier also leaving 200 people injured. A police watchdog said it was investigating allegations that the man was shot by police after Thursday's demonstrations in Nairobi, the second this week. Led largely by young Kenyans, the protests began in Nairobi […]

June 21, 2024 20

South Africa

South Africans tasted the fruits of freedom and then corruption snatched them away – podcast

By Gemma Ware, The Conversation and Thabo Leshilo, The Conversation Five years after his momentous election as South African president, Nelson Mandela stepped down after one term in office in 1999. Thabo Mbeki, his deputy, took over the mantle of the post-apartheid transition. Mbeki would lead the country for the next nine years, a period of relatively high economic growth which enabled South Africans to begin to […]

April 22, 2024 41

Opinion Pieces

Reflections on the economic legacy of his excellency Dr. Hage G. Geingob

By Josef Kefas Sheehama Today, Namibia mourns the loss of one of its most influential leaders. His Excellency Dr. Hage G. Geingob, Namibia's 3rd president, 04 February 2024 at the age of 82. It is fair that we revisit His Excellency Dr. Hage G Geingob role in the economic governance of Namibia, particularly, some of the economic policies and programmes that laid the foundation for the […]

February 21, 2024 13