insert_link Business / Economics Domestic Growth Slows Amid Manufacturing and Mining Weakness The domestic economy is forecast to slow to 3.0% for this year before recovering to 3.9% in 2026, hindered by a 4.6% contraction in manufacturing and a 0.1% decline in primary industries. Persistent drought, reduced livestock and diamond output, and falling SACU and diamond revenues pose additional risks, according to Josefina Oskar from the Bank of Namibia. Adding that, on the global front, growth is slowing: advanced economies remain stagnant at 1.6%, emerging markets show slight moderation, while Sub-Saharan […] today1 December, 2025
insert_link South Africa ActionSA challenges GNU to break the ANC’s reliance on failing economic policies ActionSA has challenged the government of national unity partners to break the ANC’s reliance on failing economic policies. ActionSA's Alan Beesley says South Africa’s economy remains far below emerging market averages, while unemployment remains at 41.9-percent. today5 March, 2025
insert_link Uncategorized 30 October-07 November 2024 Weekly Economics Wrap: Key Developments and Global Trends Namibia's Agricultural Growth: The Namibia Berries Project Expansion The Namibia Berries Project is setting its sights on significant expansion. The project plans to grow by 75 hectares annually, targeting 240 hectares by 2026. The ambitious vision, shared by founder Michael Rodenburg, aims for long-term growth, with a potential reach of 500 hectares, depending on funding and community development. This expansion is poised to make a substantial impact on […] today7 November, 2024
insert_link Business / Economics 7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […] today7 November, 2024
insert_link Business / Economics Emerging markets experience 9% drop in Foreign Direct Investment Global foreign direct investment flows could rise modestly in 2024 after a marginal increase last year due to higher investment in some European economies, the United Nations trade body said on Wednesday. Emerging Markets have seen a decline in Foreign Direct Investment in 2023 by 9 percent to $841 billion. Meanwhile, developing Asian countries bore the brunt with a 12% decrease, and China reported an unusual 6% drop in FDI […] today18 January, 2024
insert_link Science & Technology AI to hit 40% of jobs and worsen inequality Almost 40% of jobs around the world could be affected by the rise of artificial intelligence, a trend that is likely to deepen inequality, according to the International Monetary Fund. In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI. CNN reports that Georgieva said the effects were expected to be felt more […] today15 January, 2024
