insert_link 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 […] todayOctober 28, 2024 6
insert_link Africa IMF Calls for Economic Reforms in Sub-Saharan Africa to Boost Growth Sub-Saharan African countries reliant on commodity exports must implement economic reforms to address uneven regional growth, stated Abebe Aemro Selassie, the International Monetary Fund's Africa Director. Reuters reports that the IMF's latest World Economic Outlook reveals that the region's growth is projected at 3.6% this year, consistent with last year's figures and lower than the April forecast of 3.8%. Commodity-dependent economies are notably underperforming compared to their more diversified counterparts. todayOctober 28, 2024 4
insert_link Business / Economics FNB Namibia economist forecasts April inflation Following the release of the Consumer Price Index for March 2024, which shows the annual inflation rate stood at 4.5% compared to 7.2% recorded in March 2023, by the Namibia Statistics Agency, we contacted Helena Mboti an economist at FNB Namibia to get the bank's inflation forecasts for April 2024. todayApril 10, 2024 57
insert_link Business / Economics High Economic Intelligence and Bank Windhoek lead survey on SIM Card Rules Economic and financial research entity, High Economic Intelligence and Bank Windhoek are conducting a comprehensive survey titled "The Implications of SIM Card Registrations on the Namibian Economy" to get the public’s understanding of the ongoing mandatory SIM card registration process. Managing Director at High Economic Intelligence, Salomei Hei. todayFebruary 28, 2024 57