Economics

Debts, joblessness fuel latest rating downgrade

6 days ago - 09 December 2019 | Economics

Rating agency Moody's downgraded Namibia's economy on Friday to a Ba2 rating but changed the outlook to stable, citing among other things rising government debt and waning job opportunities.The country's debt burden has more than...

Interest rates remain unchanged

1 week ago - 04 December 2019 | Economics

The Bank of Namibia (BoN) this morning left its repo rate unchanged at 6.5%.This means the prime lending rate of local commercial banks will remain the same at 10.25%.

Gender inequality hits home

1 week ago - 04 December 2019 | Economics

Gender discrimination in the labour market and the high youth unemployment rate needs to be tackled in order to close gaps in the housing market in Namibia.According to Ruusa Nandago, market research manager at FNB...

IMF chief urges debt wisdom in maiden Africa visit

1 week ago - 04 December 2019 | Economics

Diamniadio - New International Monetary Fund chief Kristalina Georgieva this week highlighted Africa as a lure for investment as she kicked off her maiden visit to the continent, but urged leaders to be smart on...

Sudan militia leader grew rich by selling gold

1 week ago - 04 December 2019 | Economics

Khalid Abdelaziz, Michael Georgy and Maha El Dahan - Late last year, as former president Omar Hassan al-Bashir's hold on power weakened, one of Sudan's most feared militia leaders lashed out against the government of...

Zimbabweans grow more despondent

3 weeks ago - 20 November 2019 | Economics

Fanuel JongweTwo years ago, Linos Mutepera was among hundreds of thousands of Zimbabweans who celebrated the toppling of long-time ruler Robert Mugabe with tears of...

Fact file

3 weeks ago - 20 November 2019 | Economics

The CFA franc, a seven-decade-old currency shared by more than a dozen states in West Africa, has found itself in the spotlight over calls for...

Many pitfalls in reform of Africa's CFA franc

3 weeks ago - 20 November 2019 | Economics

Pierre Donadieu and David Esnault - Calls to overhaul the West African CFA franc, a currency tied to the euro and historically rooted in French...

Sri Lanka's Rajapaksa likely to re-boot China ties

3 weeks ago - 20 November 2019 | Economics

Simon Sturdee - The unfinished, purple-headed Lotus Tower soars uselessly into the Colombo sky, mired in corruption allegations - a project typical of China's misadventures...

Inflation slows down further

1 month - 14 November 2019 | Economics

Annual overall inflation in Namibia last month was 3.0%, down from 3.3% in September and 5.1% a year ago.Data released by the Namibia Statistics Agency...

Informal sector taxes off the table

1 month - 11 November 2019 | Economics

The ministry of finance has struck any plans to introduce a presumptive tax on the informal sector of the economy off the table and said...

Lifestyle audits kick off

1 month - 07 November 2019 | Economics

OGONE TLHAGE The ministry of finance is gunning after suspected tax defaulters by means of lifestyle audits.Tax commissioner Justus Mwafongwe told Namibian...

Economics

Debt relief a double-edged sword...

1 month - 06 November 2019 | Economics

Emma Rumney - Solani Rivele, a single mother of four, earns about R800 a week but owes 100 times that amount in loans. Millions of...

Nigeria puts squeeze on oil...

1 month - 06 November 2019 | Economics

Libby George - The Nigerian government has amended a bill that would render billions in planned offshore oil investments unprofitable and cut nearly 30% from...

N$2.5m salaries bailout for Agribusdev

1 month - 01 November 2019 | Economics

The agriculture ministry will seek treasury approval in order to divert N$2.5 million that will be used to pay Agribusdev staff, who are yet to...

N$54m lifeline for ailing NBC

1 month - 25 October 2019 | Economics

Finance minister Calle Schlettwein has emptied state coffers to the tune of N$54 million to bail out the Namibia Broadcasting Corporation (NBC). While Schlettwein...

Upbeat Calle preaches recovery

1 month - 23 October 2019 | Economics

Finance minister Calle Schlettwein says the domestic economy is projected to gradually emerge from the recession in 2020 with a moderate growth rate of about...

A legacy in doubt

1 month - 23 October 2019 | Economics

Jo-Mare Duddy - With elections on the horizon, president Hage Geingob and his cabinet must decide what their legacy is going to be: will they...

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