Economics

Further US rate hikes 'most likely' needed

10 hours ago | Economics

Washington - US central bankers see no reason to pause their current course of gradual interest rate hikes amid the American economy's brisk expansion, according to meeting minutes released Wednesday.Further rate hikes "would most likely...

Africa in brief

1 day - 18 October 2018 | Economics

SA Treasury says recession, falling revenue hurt public financesFalling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody's warned of the...

US tops global competitiveness ­rating, despite 'worrying' trends

1 day - 18 October 2018 | Economics

Geneva - The United States has the world's most competitive and innovative economy, a World Economic Forum ranking showed yesterday, after a methodology shift helped unseat Switzerland after nearly a decade on top.A root-and-branch re­­vamp...

MTC upgrades Gross Barmen network

1 day - 18 October 2018 | Economics

The ongoing plans by the Mobile Telecommunications Limited (MTC), the premier telecommunications solutions provider MTC to expand network services in both rural areas and urban peripheries have seen the Namibia Wildlife Resort (NWR) – Gross...

Plundered into poverty

2 days ago - 17 October 2018 | Economics

The country's raw materials continue to benefit foreign multinationals and a handful of locally connected tenderpreneurs.Despite the government's undertaking to promote 'Growth at Home' to propel its intended industrialisation of the economy, its development budget...

Buy-A-Brick initiative targets 1000 houses

2 days ago - 17 October 2018 | Economics

These houses are meant for Namibians in the low-­to-no income groups after ­co-partners in the private sector expressed interest in funding the ­programme. Standard Bank...

Namibian delegation to explore market potential in Ghana

3 days ago - 16 October 2018 | Economics

A 20-member Namibian delegation left for Accra, Ghana on Sunday to meet with various industries and missions to explore market potential between the two countries....

Women have special touch on grapes-Nuunyango

3 days ago - 16 October 2018 | Economics

Nuunyango in an interview with Nampa on Friday said the reason why more women are employed than men, is because grapes are soft fruits and...

Africa briefs

3 days ago - 16 October 2018 | Economics

Sudanese pound strengthensThe Sudanese pound strengthened to 46.95 to the US dollar on Sunday, bankers said, in its first rise since the national currency was...

Fears of economic depression

4 days ago - 15 October 2018 | Economics

The possibility that Namibia has moved from a recession into an economic depression was raised by Namib Mills' CEO on Friday during the announcement of...

Africa in brief

4 days ago - 15 October 2018 | Economics

World Bank criticises Kenya's approachThe World Bank urged Kenya to cut spending on public sector wages and other recurring items to reduce its debt load,...

Africa’s intra-trade at only 14%

4 days ago - 15 October 2018 | Economics

SWAKOPMUND – Africa’s intra-trade amounts to only 14%, whereas it is more comfortable to trade with foreign and international markets at a figure of 86%...

Economics

Retirement funds worried about FIM...

1 week ago - 12 October 2018 | Economics

NDAMA NAKASHOLERetirement Fund Solutions (RFS) has expressed concern over the Financial Institutions and Markets (FIM) bill which will soon be tabled in parliament, labelling it...

Company news in brief

1 week ago - 12 October 2018 | Economics

Chinese slowdown fears hit Louis Vuitton shares Robust sales growth at luxury goods leader LVMH Moët Hennessy Louis Vuitton LVMH in the third quarter...

Fuel, taxi fare hikes cause...

1 week ago - 11 October 2018 | Economics

The increases in fuel prices and taxi fares caused overall transport inflation to spike to 12.9% last month, the latest figures by the Namibia Statistics...

Students advocate for consumer rights...

1 week ago - 11 October 2018 | Economics

NDAMA NAKASHOLEA group of final-year law students at the University of Namibia (Unam) find it worrying that Namibia does not have a consumer rights law...

Mboweni’s appointment: Namibia’s baby

1 week ago - 11 October 2018 | Economics

NDAMA NAKASHOLEAt this stage, the strength of the rand is highly influenced by South African politics and the perception of its economic stability by local...

Rand, banking stocks rally as...

1 week ago - 11 October 2018 | Economics

The pickup comes after President Cyril Ramaphosa appointed former central bank governor Tito Mboweni as finance minister, a move that soothed markets after days of...

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