play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
  • play_arrow

    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

World Bank

30 Results / Page 1 of 4

Background

Africa

Angola extends cash tranfer for low-income families

Angola will extend a cash-transfer program for low-income families as a weaker currency and sky-high inflation continue to drive up living costs in the oil-producing country. Bloomberg reports the Kwenda program will run until 2029, following the recent approval by the World Bank of an additional $400 million loan, President João Lourenço said in a speech Tuesday. The project, the first of its kind in Angola, began in 2020 to […]

todayOctober 16, 2024 7

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.

todayOctober 15, 2024 9

Africa

World Bank Lowers Sub-Saharan Africa Growth Forecast to 3% Amid Sudan Crisis

The World Bank announced on Monday that it has reduced its economic growth forecast for sub-Saharan Africa this year to 3%, down from 3.4%, largely due to the impact of Sudan's civil war on its economy. Reuters says, nevertheless, growth is anticipated to exceed last year's 2.4% rate, driven by increased private consumption and investment, according to the bank's latest regional economic outlook report, Africa's Pulse. Andrew Dabalen, the World […]

todayOctober 15, 2024 8

Namibia

Namibia Faces N$5 Billion Annual Loss Due to Inefficient Road Transport

Namibia stands to lose N$5 billion annually as a result of high road transport costs caused by inefficiencies and poor infrastructure, according to World Bank Senior Transport Specialist Justin Runji as per The Brief. Runji highlighted that these losses are largely due to increased expenses in fuel, maintenance, repairs, tires, insurance, and reduced productivity. Speaking at the Road Sector Policy Conference, he emphasized the urgent need for a transformative agenda […]

todayOctober 1, 2024 16

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 […]

todaySeptember 4, 2024 20

Africa

Africa’s off-grid solar sector is electrifying global investors

    By Bonface Orucho, bird story agency   Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

todayAugust 22, 2024 24

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 […]

todayAugust 19, 2024 17

Local

The Namibian economy is expected to grow by 3.1 percent in 2024

  The Bank of Namibia released the Economic Outlook for August 2024 with the domestic economy estimated to expand by 3.1 percent in 2024 and by 3.9 percent in 2025. Global and Regional Outlook Global economic growth is projected to remain low in 2024 before improving slightly in 2025. Global growth is projected to slow down to 3.2 percent in 2024, from 3.3 percent in 2023, before rising moderately to […]

todayAugust 8, 2024 17

Africa

Tanzania evicting tens of thousands of Maasai: HRW

      Tanzania is forcibly evicting tens of thousands of Maasai from their ancestral lands, Human Rights Watch said in a report on Wednesday, claiming that government rangers beat some members of the community with impunity. Long-standing tensions between the authorities and the nomadic community have sometimes resulted in deadly clashes, after the government launched a programme beginning in 2022 to relocate some 82,000 people from the world-renowned Ngorongoro […]

todayJuly 31, 2024 12

0%