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

economic recovery

11 Results / Page 1 of 2

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Namibia

National Assembly postpones Mid-Year Budget Review

Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery.

todayOctober 28, 2024 14

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Local

Namibia Shines at Africa Energies Summit 2024

    Managing Director of Monasa Advisory & Associates and Chairperson of the Economic Association of Namibia, Jason Kasuto, attended as a selected speaker the Africa Energies Summit 2024. The summit organised by Frontier Communications, now in its 10th year, is a cornerstone event that brings together leaders and innovators from across the continent to discuss the dynamic energy landscape of Africa. The Africa Energies Summit, hosted annually, serves as […]

todayMay 21, 2024 14

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Local

Bank Windhoek SME recovery loans assistance clocks N$ 200 million

      On Monday, 20 May 2024, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is already disbursed, with the remaining N$ 8 million approved pending disbursement. Van Vuuren said that […]

todayMay 21, 2024 48

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Namibia

President Mbumba officially opens first Cabinet meeting of 2024

President Nangolo Mbumba has inaugurated the first Cabinet of 2024 at State House, pointing out the country's economic recovery in different sectors. Mbumba attributed the industry success to the Harambee Prosperity Plan initiated by late President Hage Geingob. President Mbumba also revealed that Namibia's economic growth exceeded pre-pandemic levels, reaching 7.2% in the third quarter of 2023. The Bank of Namibia's Economic Outlook projects a GDP growth of 3.4% for […]

todayFebruary 13, 2024 47

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Business / Economics

Moody’s downgrades Israel’s debt rating

Moody's has downgraded Israel's debt rating from A1 to A2 due to the economic impact of its conflict with Hamas. The credit rating business listed the increased political risk, weakened institutions, and fiscal strain as key factors. Despite remaining investment-grade, the downgrade will raise borrowing costs for Israel. Bank of Israel Governor Amir Yaron meanwhile says the country's economy is strong and will recover from the impact of the war.

todayFebruary 12, 2024 4

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World

Gaza’s GDP declined by $655 million in 2023

According to the UN Trade and Development Agency’s latest report, Gaza’s Gross Domestic Product declined by $655 million last year, roughly 25 percent, mainly due to the onset of war. Here’s Rami Al Azzeh, an economist with the Assistance to the Palestinian People Unit at UNCTAD.

todayFebruary 1, 2024 25

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Business / Economics

UK economy rebounds in November: official data

  Britain's recession-threatened economy rebounded in November from the previous month, official data showed on Friday. Gross domestic product expanded 0.3 percent in November after contracting by 0.3 percent in October, the Office for National Statistics said in a statement. "GDP bounced back..., led by services with retail, car leasing and computer games companies all having a buoyant month," noted ONS chief economist Grant Fitzner. "The longer-term picture remains one […]

todayJanuary 12, 2024 3

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Namibia

Academic dialogues essential for driving sustainable economic development: Frederick

||Kharas Governor, Aletha Frederick said insight generated from academic dialogue is instrumental in informing evidence-based decision-making processes that are essential for driving sustainable economic development. Frederick made these remarks at the University of Namibia’s faculty of commerce, management and law research symposium held here on Tuesday under the theme ‘Economic recovery and resilience’. She said research serves as the cornerstone for understanding the complexities of economic recovery and resilience, adding […]

todayNovember 29, 2023 5

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