insert_link Business / Economics 9-16 May Weekly Economic Wrap: Diverse Trends Unfold Across Africa and Beyond In the dynamic landscape of African and international economies, the past week has witnessed a plethora of developments, from notable milestones to significant shifts in key sectors. Here's a comprehensive roundup of the latest economic highlights: Namibia: Private Sector Credit Declines, Port Authority Achieves Milestone Official data from Namibia reveals a substantial decline of 65.7% in private sector credit disbursements over the past year, totaling N$1.44 billion compared to […] today16 May, 2024
insert_link Business / Economics 16 May 2024 Morning Biz News: Global Economic Updates: Tourism Booms in Namibia, Rand Maintains Momentum, Nigeria Faces Inflation Challenges, Dollar Slumps In March 2024, Namibia experienced a remarkable surge in hotel bookings, with over 26 thousand rooms reserved, marking a substantial 19.1% increase compared to the same period last year. This surge in bookings was primarily driven by coastal destinations, signaling a promising trajectory for the country's tourism sector. The coastal regions, renowned for their scenic beauty and diverse attractions, attracted a significant influx of visitors, contributing to the overall growth […] today16 May, 2024
insert_link South Africa South Africa’s Automobile Association forecasts notable reductions in fuel prices come June South Africa's Automobile Association forecasts notable reductions in fuel prices come June. According to preliminary data from the country's Central Energy Fund, it's anticipated that 95-octane petrol will decrease by approximately 61 cents per liter, while 93-octane petrol will see a drop of around 63 cents. Diesel prices are expected to dip by about 74 cents per liter. The association attributes these potential decreases primarily to a stronger rand and […] today16 May, 2024
insert_link World More aid for Israel from the U.S. despite recent concern over Israel’s operation in Rafah Washington is moving forward with another 1 billion dollars in military aid for Israel, despite U.S. President Joseph Biden only recently withholding weapons due to concerns about the impact on civilians. Israel continues a limited operation in Rafah despite warnings over the humanitarian situation in the Gaza Strip being catastrophic. Caroline Malone has more for us. today16 May, 2024
insert_link Namibia TransNamib Unveils TransEvaRail Pricing Strategy Project Supported by GIZ Study TransNamib launched the TransEvaRail Pricing Strategy Project, backed by a study funded by GIZ. This initiative aims to boost revenue, enhance competitiveness, and ensure stability. Over three months, it will analyze data and engage internal and external experts for informed decision-making. TransNamib spokesperson, Abigail Raubenheimer. today16 May, 2024
insert_link Interview Transcripts Herbert Jauch, a Social Justice Activist, Talks Minerals and Poverty in Namibia Herbert Jauch, a Social Justice Activist, on Minerals and Poverty in Namibia Namibia, a nation blessed with abundant mineral resources, has long been a significant exporter of valuable commodities such as uranium, diamonds, zinc, copper, and lead. Additionally, its marine fish products contribute substantially to the global seafood market. In recent years, the extraction of rare earth minerals has further expanded Namibia's role in the global resource landscape. Despite this […] today16 May, 2024
insert_link Namibia Activist Explores Namibia’s Resource Wealth and Persistent Poverty Ahead of Elections As a nation blessed with abundant mineral resources, Namibia has long been a significant exporter of valuable commodities such as uranium, diamonds, zinc, copper, and lead say Herbert Jauch, a Social Justice Activist. As elections loom, the activist expands on why the owners of these have not yet experienced a fast-paced eradication of poverty. today16 May, 2024
insert_link South Africa S.A President Enacts NHI Bill to Combat Healthcare Costs and Poverty South Africa's President Cyril Ramaphosa says the National Health Insurance aims to tackle poverty by making healthcare more affordable. In his address while publicly signing the NHI Bill into law, the president highlighted that the rising cost of healthcare impoverishes families, and the NHI seeks to alleviate this burden. today16 May, 2024
insert_link World Biden and Trump to debate in June U. S President Joseph Biden and former president Donald Trump are set to debate live on television in June. The hurriedly-arranged plan came after Biden said he wanted to arrange two events hosted by news networks, rather than those organized by the formal Commission. Nick Harper reports from Washington. today16 May, 2024
