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

Global Economy

19 Results / Page 2 of 3

Background
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Opinion Pieces

Houthi militant attacks in the Red Sea raise fears of Somali piracy resurgence

    By Samuel Oyewole, Federal University, Oye Ekiti Renewed attacks on ships by suspected Somali pirates since November 2023 have fuelled fear of a new threat of piracy off the east coast of Africa. The area at risk stretches from the Red Sea to the Gulf of Aden and the Indian Ocean. At least four ships have been hijacked off the Somalia coast since November 2023. Concern has risen […]

todayFebruary 1, 2024 6

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Business / Economics

BRICS bloc dominates global GDP and wealth

The BRICS bloc now represents more than 45% of the world’s population and accounts for nearly 36% of global GDP than G7 countries (30%) when adjusting for purchasing power parity. According to investment migration consultancy, Henley and Partners’ BRICS Wealth Report, the total investable wealth currently held in the BRICS bloc amounts to $45 trillion and its millionaire population is expected to rise by 85% over the next 10 years.

todayFebruary 1, 2024 3

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Africa

Davos: Global economists see bright spots in Africa growth prospects

By Conrad Onyango, bird story agency Top economists agree that Africa's economic prospects for 2024 are positive, as small countries sparkle in the face of sluggish global growth projections. Chief economists from the World Economic Forum, World Bank and United Nations project Africa’s economy will defy the impacts of weak investments, debt crises, inflation, tight financial conditions and extreme weather patterns to record an improvement over 2023. A strong majority […]

todayJanuary 19, 2024 28

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Business / Economics

New Global alliance for women’s health could help boost global economy by $1 trillion annually by 2040

  A new World Economic Forum report released today shows that closing the women’s health gap would allow more women to live healthier, higher-quality lives, and provide an unprecedented boost to the global economy. Closing the Women’s Health Gap: A $1 Trillion Opportunity to Improve Lives and Economies, developed in collaboration with the McKinsey Health Institute, analyses the health conditions that uniquely or disproportionately affect women and quantifies the health gap […]

todayJanuary 19, 2024 13

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Business / Economics

Salomo Hei of High Economic Intelligence tackles Davos talks, and their impact on Namibia

The World Economic Forum's Annual Meeting takes place in Davos from today until 19 January 2024. Key sessions and reports at Davos will look at how climate change affects health, how to close the women's health gap, and how digital tools can transform healthcare. We asked the Managing Director of High Economic Intelligence, Salomo Hei whether talks in Davos would affect middle-income countries like Namibia.

todayJanuary 15, 2024 46

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Business / Economics

Wealth of top 5 billionaires doubles as global poverty rises

The fortunes of the world's five richest individuals have doubled to $869 billion since 2020, while five billion people face increased poverty. Oxfam reports that billionaires now control 70% of the world's biggest companies, prompting the anti-poverty agency to urge governments to break up monopolies, impose wealth taxes, and explore alternative ownership models like employee ownership. The findings coincide with the World Economic Forum meeting in Davos.

todayJanuary 15, 2024 17

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Business / Economics

Ripples of 2023: FBS’s insight on the 2024 global financial outlook

With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […]

todayDecember 19, 2023 5

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Opinion Pieces

China’s high-quality development presents new opportunities for Namibia’s modernization

  By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […]

todayDecember 15, 2023 38

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