Economics

Rosier January for construction

3 hours ago | Economics

Building plans approved by the Windhoek municipality last month showed a slight uptick compared to a year ago.Analysing the latest figures, IJG Securities said a total of 162 building plans got the green light in...

Africa Briefs

15 hours ago | Economics

SA seeks to reopen costly renewables dealsSouth Africa wants to talk to independent power producers (IPPs) about lowering the price Eskom pays for electricity from older renewable energy projects, a senior minister told Reuters, as...

Nigeria counts cost of postponed presidential poll

15 hours ago | Economics

Lagos - Nigerians who were surprised when the country's presidential election was postponed Saturday might suffer a second shock when they learn the cost, some economists and business leaders say."The cost to the economy of...

Namibians owe lenders almost N$6bn

1 day - 18 February 2019 | Economics

Namibian consumers owed micro-lending institutions close to N$6 billion at the end of the second quarter of 2018, the Namibia Financial Institutions Supervisory Authority (Namfisa) said in its second quarterly statistical report for 2018.It said...

Global unemployment down, but too many working poor

4 days ago - 15 February 2019 | Economics

Geneva - The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty.Unemployment around the world...

Nations must boost adult training in face of automation

4 days ago - 15 February 2019 | Economics

Paris - Developed countries need to "urgently" boost adult training and education programmes to deal with future mass job upheaval brought on by automation, the...

Cheaper fuel brings inflation relief

4 days ago - 14 February 2019 | Economics

Overall annual inflation in January was 4.7%, down from 5.1% the previous month. The decrease was due to a huge drop in overall transport inflation...

‘SOEs maintain clean audit reports’

5 days ago - 14 February 2019 | Economics

Auditor-general Junias Kandjeke has praised state-owned enterprises (SOEs) for continuously submitting clean financial reports for the past five years. Speaking during a meeting with SOE...

Global oil supply to swamp demand despite output cuts

5 days ago - 14 February 2019 | Economics

Amanda Cooper - The global oil market will struggle this year to absorb fast growing crude supply from outside OPEC, even with the group's production...

Sluggish economy haunts Nigerian president at ballot box

5 days ago - 14 February 2019 | Economics

Alexis Akwagyiram - Timi Soleye returned home to Nigeria from the United States to set up a gas logistics business six years ago, encouraged by...

Interest rates unchanged

6 days ago - 13 February 2019 | Economics

The Bank of Namibia (BoN) left its repo rate unchanged at 6.75% this morning.The repo rate has been at 6.75% since August 2017.The unchanged rate...

Eskom power cuts a major political challenge

6 days ago - 13 February 2019 | Economics

Johannesburg - South Africa on Monday introduced its most severe electricity rationing in nearly five years, presenting president Cyril Ramaphosa with a major political challenge...

Economics

Retrenchments rife in last quarter

1 week ago - 12 February 2019 | Economics

Jo-Maré Duddy – More than 1 600 people in Namibia were retrenched in the last three months of 2018, mostly in the wholesale and retail,...

Poverty not an obstacle to...

1 week ago - 12 February 2019 | Economics

Addis Ababa - Billionaire philanthropist Bill Gates said Sunday that excellent basic healthcare that would prevent easily treatable but deadly conditions was achievable even in...

Africa Briefs

1 week ago - 12 February 2019 | Economics

Ramaphosa pledges to fix economySouth African president Cyril Ramaphosa announced plans last week to split struggling state power giant Eskom into three separate entities, as...

50 companies retrench in last...

1 week ago - 11 February 2019 | Economics

According to the ministry of labour, industrial relations and employment creation 50 companies retrenched more than 1 600 employees in total in the last quarter...

Finland's BIG trial boosts happiness,...

1 week ago - 11 February 2019 | Economics

Anne Kauranen - Finland's basic income scheme did not spur its unemployed recipients to work more to supplement their earnings as hoped but it did...

No talks between Trump, Xi...

1 week ago - 11 February 2019 | Economics

Jeff Mason and Steve Holland - US president Donald Trump said on Thursday he did not plan to meet with Chinese president Xi Jinping before...

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