insert_link Local Small businesses big impact: Boosting SMEs to drive economic growth In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40 000 SMEs in Namibia, supporting the livelihoods of more than 200 000 people and contributing approximately […] today28 May, 2024
insert_link Opinion Pieces Economic and Business Advice for the next President Opinion Piece by Josef Kefas Sheehama There are a number of important business and economic issues that the incoming President should take care of as we anticipate the upcoming presidential and national assembly elections. As an independent researcher in economic and business matters, I advise the incoming president to prioritize trade and industrial policies and foster positive relationships with international trade in order to attract investors […] today28 May, 2024
insert_link World UK election called for 4 July – what happens next? Situation vacant? Nikonpete/Shutterstock By Christopher Kirkland, York St John University On a rainy afternoon in London, an increasingly damp Rishi Sunak confirmed what many had been speculating for most of the day in a speech outside 10 Downing Street – that the UK is heading for an election earlier than anticipated. Here’s what to expect in the weeks ahead. When is the UK having an election? Election […] today24 May, 2024
insert_link Business / Economics 20 May 2024 Morning Biz News: Business News Roundup: Poultry Imports Resumed, Inflation Stability, and Global Market Trends In the dynamic world of business, staying abreast of the latest developments is essential for informed decision-making. Here’s a roundup of recent noteworthy events shaping the business landscape: Poultry Imports Ban Lifted in Namibia The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has announced the lifting of the ban on poultry meat imports from South Africa. This decision comes with specific conditions to […] today20 May, 2024
insert_link World U.S inflation eased in April, according to new CPI figures U.S inflation eased slightly last month, according to new data released Wednesday. The consumer price index, which measures changes in price for a basket of goods and services, increased 0.3% in April - less than estimates. Sally Patterson has more for us from New York. today16 May, 2024
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 Africa Nigeria’s minimum wage has never protected workers from poverty: here’s why By Stephen Onyeiwu, Allegheny College Wages have become the top issue for Nigeria’s organised labour movements in the past year. Reacting to recent increases in the cost of living, the labour movement has been calling for an upward review of the national minimum wage, currently N30,000 (US$24) a month. The Conversation’s Adejuwon Soyinka asks economics professor Stephen Onyeiwu if Nigeria’s minimum wage truly protects workers from poverty. […] today6 May, 2024
insert_link Business / Economics 24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […] today24 April, 2024
insert_link Namibia Unchanged repo rate still a challenge for many civil servants’ cost of living The government has disclosed that the wage bill for the upcoming financial year amounts to N$35.4 billion, encompassing benefits and a 5% raise for civil servants, as outlined in its 2024/25 budget. The allocation is intended to cover the salaries of 107,000 civil servants. Dr. Basilius Kasera, a Professor in Human Sciences at UNAm, provides insights on the matter. today19 April, 2024
