Economics

China to restructure economy

1 day - 23 January 2017 | Economics

China's economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday. “We are confident” Xi said, adding that there were headwinds facing the global economy,...

Schlettwein attends Africa-France summit

1 day - 23 January 2017 | Economics

STAFF REPORTERFinance minister Calle Schlettwein attended the 27th Africa-French summit in Bamako, Mali, on 14 and 15 January.President Geingob delegated Schlettwein to represent him at this important event, which was attended by various African heads...

Fiscal consolidation crucial, analysts say

4 days ago - 20 January 2017 | Economics

In light of Swapo's elective conference slated for later this year, Namibian Sun asked economist Klaus Schade of the Economic Association of Namibia and PSG equity strategist Eloise du Plessis whether the temptation to open...

Fed signals possible hike

4 days ago - 20 January 2017 | Economics

Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve chairperson Janet Yellen signalled that the US central bank was poised to pursue a path of steady interest rate hikes. MSCI's broadest index...

Budget cuts affect legal aid lawyers

5 days ago - 19 January 2017 | Economics

The Ministry of Justice has informed the Law Society of Namibia that it is unable to pay all outstanding fees owed to private lawyers who performed work for the Legal Aid Directorate. In a...

Budget cuts: Too little too late?

6 days ago - 18 January 2017 | Economics

JEMIMA BEUKES Academic Omu Kakujaha-Matundu has suggested that the government should have pursued a fiscal consolidation path as far back as 2008, as the economy...

Outlook not signal of collapse

1 week ago - 17 January 2017 | Economics

Namibia's negative economic outlook does not signal the collapse of the domestic economy or an inability to finance debt, a local economist has said.On 2...

Food up by double digits

1 week ago - 16 January 2017 | Economics

The Namibian annual inflation rate remained at 7.3% year on year in December, unchanged from November. Prices increased by 0.2% month on month. The yearly...

Joblessness to grow

1 week ago - 16 January 2017 | Economics

The global unemployment rate is expected to rise modestly from 5.7 to 5.8% in 2017 representing an increase of 3.4 million in the number of...

Beat the Janu-Worry blues

1 week ago - 16 January 2017 | Economics

While it seems like Janu-Worry is a myth for some, it is a harsh reality for many, who are finding themselves strapped for cash after...

Negative outlook for government bonds

1 week ago - 13 January 2017 | Economics

The creditworthiness of sovereigns in Sub-Saharan Africa has an overall negative outlook for 2017, reflecting the liquidity stress facing commodity-dependent countries, subdued economic growth, and...

Government debt raises red flag

1 week ago - 12 January 2017 | Economics

NAMPA Namibia is among the African countries Moody’s Investors Services has downgraded from stable to negative.In its outlook report for...

Economics

Okahandja to settle electricity debt

1 month - 22 December 2016 | Economics

The Okahandja Municipality has vowed to settle debt of N$40 million it owes Namibian power utility, NamPower, by July next year. Okahandja mayor Johannes Hindjou...

Economy slows in third quarter

1 month - 22 December 2016 | Economics

The domestic economy continued to display weak performance, year-on-year, during the third quarter of 2016, reflecting slowed activities in the mining, agriculture, manufacturing and construction...

Rand edges up

1 month - 22 December 2016 | Economics

South Africa's rand edged up against the dollar in thin year-end trade on Tuesday, mainly tracking firmer emerging market currencies in the absence of market-moving...

Shiimi and Uanguta reappointed

1 month - 21 December 2016 | Economics

Bank of Namibia governor Ipumbu Shiimi and his deputy, Ebson Uanguta were recently reappointed for a further five years, keeping them employed at the apex...

Tokyo costly for expats

1 month - 21 December 2016 | Economics

Tokyo regained its top spot among the world's most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell...

Greenback gains slightly

1 month - 20 December 2016 | Economics

The Rand traded lower early on Monday this week, hovering near its weakest level in three weeks as a US Federal Reserve rate hike last...

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