Economics

Construction sector recovery to take a while

15 hours ago | Economics

PHILLEPUS UUSIKUFor the past five years, the construction sector continued with a downward trend. The sector recorded negative growth rates of 41.1%, 23.1%,10.7%, 4.4% and 9.8% in 2016, 2017, 2018, 2019 and 2020, respectively, according...

Shipping greenhouse emissions to rise

15 hours ago | Economics

STINE JACOBSENThe global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research...

South Africa to tackle climate challenges

15 hours ago | Economics

TIM COCKSSouth Africa will tell rich countries at climate talks this week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks...

Eswatini king open to dialogue

15 hours ago | Economics

Southern African regional bloc SADC said on Saturday that Eswatini's King Mswati III, Africa's last absolute monarch, had accepted the need for a national dialogue after pro-democracy protests intensified this month.Representatives from South Africa, Namibia,...

BoN’s Covid relief measures amended

1 day - 25 October 2021 | Economics

Jo-Maré Duddy – The loan repayment moratorium provided in the Bank of Namibia’s pandemic relief policy has been revised from the current six to 24 months to a period of one to 24 months, removing...

IMF sees meagre growth for Namibia

1 day - 25 October 2021 | Economics

The International Monetary Fund forecasts that Africa's economic rebound from pandemic-induced shrinkage would be weaker than in the rest of the world in 2021 and...

Nigeria launches eNaira

1 day - 25 October 2021 | Economics

Nigeria today launches a digital currency, the eNaira, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies. Central...

‘Global oil prices won't decline until 2023’

1 day - 25 October 2021 | Economics

Washington - The stunning recent run-up in global oil prices could threaten economic growth, and is unlikely to retreat until 2023, the World Bank has...

Rich should pay for greater carbon footprint

1 day - 25 October 2021 | Economics

Paris - As rich people have a greater carbon footprint than the poor they should pay more tax to compensate, says a study by the...

US becomes largest bitcoin mining centre

1 day - 25 October 2021 | Economics

HONG KONG - The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published last week by...

World's first and biggest cryptocurrency

1 day - 25 October 2021 | Economics

London - Bitcoin, which struck a record high above US$66 000 on Wednesday, has been on a roller-coaster ride since becoming the first cryptocurrency 13...

Africa calls for climate finance tracker

4 days ago - 22 October 2021 | Economics

ALESSANDRA PRENTICEAfrican countries want a new system to track funding from wealthy nations that are failing to meet a US$100-billion annual target to help the...

Economics

!Gawaxab concerned about weak credit...

5 days ago - 21 October 2021 | Economics

PHILLEPUS UUSIKUIt is expected that when interest rates are low, individuals and businesses will approach commercial banks to seek for credit in order to invest...

Ongos Valley, Telecom Namibia sign...

6 days ago - 20 October 2021 | Economics

PHILLEPUS UUSIKUOngos Valley Development signed a Memorandum of Understanding (MoU) with Telecom Namibia (TN) last week to commemorate their journey towards developing a smart city.In...

South Africa not authorising Russian...

6 days ago - 20 October 2021 | Economics

South Africa's drugs regulator said on Monday that it was not approving an emergency use application for Russia's Sputnik V Covid-19 shot for now, citing...

Zim unvaccinated employees barred from...

6 days ago - 20 October 2021 | Economics

Zimbabwe bar unvaccinated government workers from reporting for duty as part of efforts to fight Covid-19, an official circular showed.The southern African country has, as...

No fear of inflation

6 days ago - 20 October 2021 | Economics

Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a "runaway train," IMF chief Kristalina...

No hand brake for fuel...

6 days ago - 20 October 2021 | Economics

Jo-Maré Duddy - Fuel prices, which have soared recently, are likely to remain high in the coming months but begin to retreat early next year.While...

Load More