insert_link Africa World Bank cuts Africa growth forecast The World Bank has downgraded its economic growth forecast for sub-Saharan Africa. Bloomberg reports that Sub-Saharan Africa will likely grow 3% this year, somewhat lower than an April forecast of 3.4%, the Washington-based lender said in its Africa Pulse report published Monday. The slower growth rate was largely blamed on the conflict in Sudan which started 18 months ago and has continued to escalate. today15 October, 2024
insert_link Business / Economics IMF projects Namibia’s GDP growth to slow to 3.6% in 2024 The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture. today17 July, 2024
insert_link South Africa South Africa will be president of the G20 in 2025: two much-needed reforms it should drive By Danny Bradlow, University of Pretoria South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global economy, 75% of world trade and 67% of global population. The G20 defines itself as the premier multilateral forum […] today15 May, 2024
insert_link Business / Economics American energy companies pass on Iraqi oil American energy majors are once again shunning the chance to extract Iraqi oil, leaving the door wide open for Chinese companies to invest instead. today13 May, 2024
insert_link Business / Economics Japan and the United Kingdom enter recession Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development. today19 February, 2024
insert_link World Guterres calls for a ‘global order that works for everyone’ UN Secretary-General António Guterres addressed the Münich security conference on Friday where he called for a global order that works for everyone. Guterres also warned against an all-out offensive on the city of Rafah which is at the core of the entire humanitarian operation in Gaza. Moving on to Ukraine, he said two years into the war, the cost of human lives and suffering is appalling while the impact […] today19 February, 2024
insert_link Business / Economics Bank of Namibia expected to cut repo rate by 25bps as inflation cooling By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […] today13 February, 2024
insert_link 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 […] today1 February, 2024
insert_link Business / Economics IMF forecasts Asia-led global economic soft landing in 2024 The International Monetary Fund is forecasting growth in Asia will help guide the global economy to a ‘soft landing’ in 2024. The IMF on Wednesday released its regional outlook for the Asia-Pacific which expects China and India to drive growth in the region. today1 February, 2024
