insert_link Africa Inflation in Nigeria is still climbing while it has slowed globally: here’s why By Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […] today14 March, 2024
insert_link Business / Economics Development economist says SA’s budget lacks political will With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […] today22 February, 2024
insert_link Africa Lagos: drugs, firearms and youth unemployment are creating a lethal cocktail in Nigeria’s commercial capital By Adewumi I. Badiora, Olabisi Onabanjo University Lagos is the most populous city in Africa and a regional economic giant, having west Africa’s busiest seaport. It is the centre of commercial and economic activities in Nigeria. The city’s population is estimated to be 20 million people. The existence of informal settlements makes it difficult to come up with a more precise number. Lagos has grown rapidly since […] today21 February, 2024
insert_link Business / Economics Jobs in South Africa: the labour market is recovering from COVID – but unskilled and less educated people are still being left behind By Derek Yu, University of the Western Cape For more than three decades the South African economy has had very high rates of joblessness. The country’s economy has been unable to create enough jobs for its growing army of workers. This has partly been because of the stagnant economic growth rate of only 1.7% during the 2010s (it was even lower at 0.9% in 2015-2019). Another factor […] today20 February, 2024
insert_link Africa Slums and guns in Bamako: what’s driving the illegal weapon trade in Mali’s capital city By Oluwole Ojewale, Institute for Security Studies As west Africa urbanises, many cities have become interconnected through trade, travel and technology, and crime has increased in complexity and scope. The proliferation of arms in west African cities, especially in the aftermath of conflicts in Libya (2011) and Mali (2012), has added to these challenges in Bamako, Mali’s capital. In 2018, the Small Arms Survey estimated that roughly […] today19 February, 2024
insert_link Business / Economics South Africa has spent billions in 4 years to create jobs for young people: how their wages affect the broader economy By Joshua Budlender, UMass Amherst and Ihsaan Bassier, London School of Economics and Political Science In October 2020 the South African government launched a collection of public employment programmes, initially intended as a response to the COVID-19 pandemic. The initiative, called the Presidential Employment Stimulus, has been extended since then. The total budget allocation to March 2024 was R42 billion (US$2.1 billion). By December 2023 it had […] today16 February, 2024
insert_link Uncategorized Mungiki, Kenya’s violent youth gang, serves many purposes: how identity, politics and crime keep it alive By Bodil Folke Frederiksen, Roskilde University Kenya has scores of youth gangs known for their violence and links to the politically powerful. None is more infamous than the Mungiki movement, with a past membership estimated to be at least a million. Though banned, it’s constantly in the news as a tool or target of big political players. Bodil Folke Frederiksen, who has studied Mungiki as part of […] today15 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 Interview Transcripts Job Amupanda Speaks: AR’s Path, Youth Unemployment, Legal Battles, and Leadership Dynamics In an exclusive interview with Job Amupanda, leader of the Affirmative Repositioning (AR) political movement, insights into the movement's journey, challenges, and perspectives on critical issues facing Namibia emerged. This conversation delves into the path of AR, the pressing issue of youth unemployment, reflections on the Middle East conflict, and the urgent need for younger leadership in Namibia. 1. Youth Unemployment: Beyond Crisis, a Pandemic The conversation shifted to the […] today9 February, 2024
