Economics

Fitch rates Namibia AAA

4 days ago - 25 April 2017 | Economics

Fitch Ratings has upgraded Namibia's national rating on the South African scale to AAA from AA+. Despite the upgrade, Fitch's outlook remains negative. Fitch has also upgraded Namibia's senior unsecured bonds rated on the national...

Nigeria ups output

5 days ago - 24 April 2017 | Economics

Nigeria's economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output, according to Statistician-General Yemi Kale.“From the...

IMF pushes for inclusion

5 days ago - 24 April 2017 | Economics

As the global recovery gathers pace, the IMF is turning up the volume on its call for wealthy countries to address popular anger over the impact of globalisation and head off the threat of protectionism.The...

Zambia looks to IMF

1 week ago - 21 April 2017 | Economics

Zambia plans to reach an aid deal for as much as US$1.6 billion with the International Monetary Fund (IMF) by the end of April, finance minister Felix Mutati said. Bond yields fell.“At the moment we...

RDP laments education budget cuts

1 week ago - 20 April 2017 | Economics

The Rally for Democracy and Progress (RDP) says the Swapo-led government misled the Namibian public for political point-scoring when it announced free primary and secondary education.The RDP made this statement after the bombshell dropped by...

Rent, transport drive inflation

1 week ago - 19 April 2017 | Economics

The high cost of housing continues to drive inflation and local investment managers IJG Securities believe it will “underpin overall inflation”.In its latest consumer price...

Works budgets billions for roads, railways

1 week ago - 18 April 2017 | Economics

The works ministry has budgeted N$1 billion for upgrading the country's railway network.Introducing his budget vote, works minister Alfeus !Naruseb said there was a need...

NEEEF, credit ratings discussed

1 week ago - 18 April 2017 | Economics

OGONE TLHAGE Despite opposition to the New Equitable Economic Empowerment Framework (NEEEF), President Hage Geingob remains resolute in its implementation,...

Tackle youth employment, says UDF

1 week ago - 18 April 2017 | Economics

NAMPAThe government should urgently address youth unemployment and skills development, United Democratic Front of Namibia (UDF) vice-president Dudu Murorua said on Wednesday.Speaking to Nampa after...

ECN budget cut by N$40m

2 weeks ago - 13 April 2017 | Economics

The operations of the Electoral Commission of Namibia (ECN) are expected to be severely challenged during this financial year due to the drastic budget cuts....

SSA countries grapple with junk

2 weeks ago - 13 April 2017 | Economics

Namibia is sub-Saharan Africa's (SSA) only remaining investment-rated Eurobond issuer following South Africa's downgrade to junk status. The southern African nation has US$1.25 billion...

Repo rate still 7%

2 weeks ago - 12 April 2017 | Economics

The Monetary Policy Committee of the Bank of Namibia (BoN) this week kept the repo rate unchanged at 7%. According to BoN governor Ipumbu Shiimi,...

Economics

Structural economic change needed

2 weeks ago - 10 April 2017 | Economics

Namibia is facing an urgent need for a structural change in the economy to break out of commodity dependence and move to a more diversified...

London may lose top spot

2 weeks ago - 10 April 2017 | Economics

London may lose its commanding position as the financial hub of Europe once Britain has left the European Union, Eurogroup president Jeroen Dijsselbloem said.“It will...

Oondando otadhi londo

2 weeks ago - 10 April 2017 | Economics

Kwiikwatelelwa komiyalu ndhoka dha pitithwa, ondjele yoondando oya londa pombanda noopresenda 0.8 momwedhi Februali okuyeleka nomwedhi Januari naashoka otashi etithwa unene koongunga.“Oongunga ndhoka dha...

Joblessness bites deep

3 weeks ago - 07 April 2017 | Economics

Massive job losses over the past months and the likelihood of more job cuts have again focused the country's attention on the high unemployment rate...

Millions for State House upgrade,...

3 weeks ago - 07 April 2017 | Economics

A number of exorbitant capital projects in the recently tabled national budget are raising eyebrows considering the treasury's tight cash squeeze. Economist Roland Brown...

Household budgets tightened

3 weeks ago - 07 April 2017 | Economics

The Namibian consumer is feeling the pinch, says IJG Securities, with an increase in household credit recorded in February.According to the latest figures, there was...

Load More