Omupevi presitend omupe gwa Bostwana oye wo ominista yemona

Omupevi presitend omupe gwa Bostwana oye wo ominista yemona

Omupevi presitend gwa Bostwana Ndaba Gaolothe otaka longa wo onga ominista yemona,shiikwatelela komupresitend Duma Boko ohela,sho ta tseyitha oonkatu dhuuminister dho cabinet ke. O Africa news oya lopota kutya iilakanenwa ya Gaolathe oku yambulapo ekoko lyeliko,ndyoka oshiketha sho International Monetary Fund sha tengeneka talika gwa pevi okuya po % 1 nuumvo omolwa okulonga okawe kuli pevi. Boko okwa tumbula wo omutotiveta gompilameno onga omupevi minister guuhaku,nomuulikwa iithikamenapo onga omupevi guuministeli […]

November 12, 2024 8

Africa

IMF Calls for Economic Reforms in Sub-Saharan Africa to Boost Growth

Sub-Saharan African countries reliant on commodity exports must implement economic reforms to address uneven regional growth, stated Abebe Aemro Selassie, the International Monetary Fund's Africa Director. Reuters reports that the IMF's latest World Economic Outlook reveals that the region's growth is projected at 3.6% this year, consistent with last year's figures and lower than the April forecast of 3.8%. Commodity-dependent economies are notably underperforming compared to their more diversified counterparts.

October 28, 2024 6

Business / Economics

IMF Adjusts Growth Forecasts, Cautions on Global Risks

The International Monetary Fund has raised its growth forecast for the United States but lowered its outlook for China, citing concerns over conflicts, trade tensions, and high interest rates. In its World Economic Outlook released on Tuesday, the IMF predicts global GDP will remain steady at 3.2% for this year and next. Finance leaders are convening in Washington DC this week for the IMF and World Bank annual meetings. From […]

October 23, 2024 16

Uncategorized

National ICT summit kicks off in Windhoek

The Ministry of Information and Communication Technology is hosting the 8th National ICT Summit in Windhoek. The two-day event will outline a strategic roadmap for the development and integration of technology, focusing on creating an inclusive society through the growth of ICT. During the opening ceremony, Information Minister Emma Theofelus shared the importance of ensuring that digital transformation benefits all Namibians and promotes sustainable development across various sectors. Minister Theofelus […]

September 9, 2024 28

Namibia

Growing BRICS could surpass the Economic Size of the G7

Opinion Piece by Josef Kefas Sheehama It is not surprising that the BRICS plus will usher in a new economic order if the group of seven (G7) does not pull up its shocks, as the group's expansion presents new economic opportunities for developing countries. There is no doubt that the establishment of the BRICS represented a major step forward in the long-term process of member countries' integration, both […]

September 4, 2024 26

Africa

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

By Tsegay Tekleselassie, Wellesley College Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool. They were introduced just ahead of the approval of a financial package that could eventually amount to about […]

August 19, 2024 18

4

Africa

Ethiopia Secures $3.4 Billion IMF Agreement Amid Currency Reforms

Ethiopia has reached an agreement with the International Monetary Fund for a new $3.4 billion financing program, as announced by the IMF on Monday says Reuters. This agreement follows Ethiopia's decision to float its birr currency, a significant move aimed at securing IMF support and advancing a long-overdue debt restructuring process. The country, grappling with high inflation and persistent foreign currency shortages, became the third African economy to default on […]

July 30, 2024 11 4

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.

July 17, 2024 39

Africa

Kenya protests show citizens don’t trust government with their tax money: can Ruto make a meaningful new deal?

By Eric Magale, University of Pretoria and Mario Schmidt, Max Planck Institute for Social Anthropology Each year, the Kenyan government tables a finance bill outlining measures for funding the national budget. In the past, these bills have scarcely attracted public attention. This changed dramatically in 2023, with President William Ruto’s first budget following his election victory the year before. Ruto inherited an economy battling […]

July 17, 2024 54