News By Category Economics

Fewer than 190 000 formally employed

1 week ago - 21 January 2020 | Economics

Namibia had just under 190 000 formally employed people in the private sector by 2018.This is according to a new Institute for Public Policy Research (IPPR) report that says this exceedingly small number in an...

No Brexit blues for Namibia

1 week ago - 20 January 2020 | Economics

No obstacles are foreseen for Namibia from a trade point of view as far as Brexit is concerned, local stockbroking firm IJG Securities said in an advisory released last week. Assuming the European...

Debts, joblessness fuel latest rating downgrade

1 month - 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 month - 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 month - 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...

Category

IMF chief urges debt wisdom in maiden Africa visit

1 month - 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...

Sudan militia leader grew rich by selling gold

1 month - 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...

Zimbabweans grow more despondent

2 months 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

2 months 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

2 months 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

2 months 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

2 months ago - 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...

Lifestyle audits kick off

2 months ago - 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...

New cocoa deals help peasant...

2 months ago - 06 November 2019 | Economics

David Esnault - The willingness of some multinational firms to pay a cost-of-living bonus for African cocoa planters is welcome but will not save many...

Debt relief a double-edged sword...

2 months ago - 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...

2 months ago - 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

2 months ago - 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

3 months ago - 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...