insert_link Africa Ghana’s Consumer Inflation Climbs to 22.1% in October Ghana's consumer inflation rose for the second consecutive month in October, reaching 22.1% year-on-year, up from 21.5% in September, according to the country's statistics service. Reuters says, a government statistician shared that both food and non-food inflation had increased during the month. He highlighted that three sectors—food and non-alcoholic beverages, housing, water and fuel, and transport—accounted for about two-thirds of the overall inflation rate for October. todayNovember 7, 2024 4
insert_link Namibia National Housing Enterprise Faces Declining Profitability and Liquidity Challenges The National Housing Enterprise is experiencing continued profitability challenges, with operating losses amounting to N$38.2 million in 2023, following a larger deficit of N$87.7 million in 2022. The Brief reports that the Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, highlighted significant liquidity issues affecting the organization's ability to meet short-term obligations. Over the past five years, NHE's gross profit has fluctuated, declining from N$334.7 million in 2019 to […] todayOctober 1, 2024 17
insert_link Business / Economics Food and housing drive inflation The annual inflation rate was 4.4% in August, down from 4.7% in August 2023. Monthly inflation increased to 0.3% from 0.2% in the previous month. Key contributors to inflation were food and non-alcoholic beverages and housing, water, electricity, gas, and other fuels, each contributing 1%. Namibia Statistics Agency spokesperson, Mirjam Shihepo. todaySeptember 10, 2024 34
insert_link Business / Economics Namibians Need N$36,000 Monthly to Qualify for N$1-Million Home Loan, Reveals Affordability Crisis Salomo Hei, Economist and Managing Director at High Economic Intelligence, has highlighted that Namibians need a monthly income of N$36,000 to secure a N$1-million home loan, exposing the worsening affordability crisis in the country reports The Brief. Hei attributes the steep cost of housing to the sharply rising price of land. He also noted that high interest rates and restricted access to financing have made homeownership increasingly unattainable for many. […] todayAugust 29, 2024 28
insert_link Namibia Activist Calls for Massive Housing Supply to Address Windhoek’s Housing Crisis In a recent interview, the Activist-in-Chief, Job Amupanda of Affirmative Repositioning highlighted the pressing housing crisis in Namibia, emphasizing that the imbalance between supply and demand is driving up prices. He argued that to counteract exorbitant housing costs in Windhoek, a significant increase in housing units—around 10,000—would be essential to stabilize prices. todayJuly 30, 2024 33
insert_link World UK’s Sunak to unveil tax-cutting manifesto By James PHEBY British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […] todayJune 11, 2024 6
insert_link Namibia Namibia Progressive Party Leader Vows to Prioritize Basic Rights, Including Housing Penda Negonga, leader of the Namibia Progressive Party, pledges to advocate for the fundamental rights of Namibians, particularly in housing, once in office. todayMay 21, 2024 53
Local Rwanda to host Shelter Afrique Development Bank’s 43rd AGM in June 2024 Rwanda will host Shelter Afrique Development Bank (ShafDB) 43rd Annual General Meeting (AGM) in June Kigali, the Company has disclosed. This follows the nomination of Rwanda as the next host country at Shelter Afrique Development Bank’s 42nd AGM held in Abuja, Nigeria, and the subsequent signing of the host country agreement between the Company and the Government of Rwanda in Kigali in March. The host country agreement was signed by […] todayApril 23, 2024 32
insert_link Namibia Oshikuku Town Council Allocates 23 Residential Plots to Shack Dwellers Federation Beneficiaries The Oshikuku Town Council recently distributed 23 residential plots to beneficiaries of the Shack Dwellers Federation of Namibia as part of their ongoing efforts to tackle the housing shortage in the area. Speaking at the handover ceremony, Town Mayor Julia Endjambi reiterated the council's dedication to providing affordable land to individuals with ultra and low incomes. She emphasized that a portion of land allocations by the council are consistently reserved […] todayApril 19, 2024 13