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

Economy

59 Results / Page 3 of 7

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Local

NBL announces half year financial results for 2023

  Namibia Breweries Limited (NBL) today announced the summarized consolidated financial results for the 6 months which ended December 2023. As a proudly Namibian business that is vested in growing the country’s economy for the past 103 years, NBL’s first half financial results show that it is geared towards evolving as a future-fit business during tough economic times. Socio-economic conditions remained challenging, and income disparity increased. NBL’s dominant position in […]

todayApril 5, 2024 16

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Business / Economics

Namibia’s economy slows but tertiary sectors improve

Namibia’s domestic economy slowed to record a growth of 4.2% in 2023, relative to a growth of 5.3% recorded in 2022, according to national accounts figures released by the Namibia Statistics Agency on Tuesday. The Primary and Secondary industries registered growth rates of 9.7% and 2%, respectively, compared to growth rates of 13.7% and 3.4% in the previous year. According to NSA data, the tertiary industries posted an increase of […]

todayMarch 27, 2024 41

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Business / Economics

Sri Lanka cuts key interest rates, seeks China deal

    Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told […]

todayMarch 26, 2024 24

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World

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

    By Robert Huish, Dalhousie University   There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 per cent in 2024. Nearly six per cent of Russia’s gross domestic product goes towards military spending. At a time when Ukrainian President Volodymyr Zelenskyy is scrambling to acquire arms, funds and […]

todayMarch 19, 2024 10

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Africa

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

  By Stephen Onyeiwu, Allegheny College   Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

todayMarch 14, 2024 22

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Business / Economics

Economic inclusion of people with disabilities cornerstone for Economic growth

    By Josef Kefas Sheehama   It is indeed regrettable that people with disabilities continue to face exclusion from the economy. We are excluded from employment, skills training, education, and other critical areas of development. The latest reports indicated that 95% of people who have disabilities in the Kunene region are unemployed, while in the Khomas region, it is nearly 70% according to the Namibia Association for Wheelchair Users. […]

todayMarch 13, 2024 14

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Africa

After Ivory Coast’s thrilling AFCON 2023 can Ghana’s Africa Games 2023 shape up?

    By Bonface Orucho, bird story agency   After the eventful, action-filled AFCON 2023 tournament in Ivory Coast that concluded last month, West Africa is now hosting another sporting extravaganza, as Ghana hosts the 13th edition of the Africa Games. This promises a month packed with athleticism, passion, and continental unity, with surge in the number of participating countries. The pan-African multi-sport event, organized under the African Union's Sports […]

todayMarch 8, 2024 24

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Business / Economics

07 March 2024 Morning Biz News: Namibia’s Oshikoto Region Receives Boost with N$400 Million Investment in Otjikoto Biomass Power Station

In a strategic move to combat energy supply shortages in the Oshikoto Region, the Namibian government has allocated a budget of N$400 million for the development of the 40-megawatt Otjikoto Biomass Power Station, located on the outskirts of Tsumeb. The announcement came from the Minister of Finance and Public Enterprises, Iipumbu Shiimi, emphasizing the government's commitment to enhancing the region's energy infrastructure. The Otjikoto Biomass Power Station is poised to […]

todayMarch 7, 2024 18

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