Economics

Namibia more of a consumer than a producer

21 hours ago | Economics

PHILLEPUS UUSIKUNamibia recorded a trade deficit to the tune of N$1.4 billion in November 2020. The recent figure shows that the deficit improved by 40.2% from its level of N$2.4 billion recorded November 2019.The...

Ivory Coast rains support abundant cocoa mid-crop

21 hours ago | Economics

Above average light rains mixed with spells of sunshine last week in most of Ivory Coast's cocoa regions provided the right growing conditions for the April-to-September mid-crop, farmers said on Monday.Ivory Coast, the world's top...

Price monster continues to be gentle

1 day - 19 January 2021 | Economics

The annual inflation rate for December 2020 stood at 2.4%, down from 2.6% recorded in December 2019, a decrease of 0.2 percentage points.This brings great relief to consumers in the already limping economy as they...

South Africa's mining industry to support vaccine rollout

1 day - 19 January 2021 | Economics

South Africa's mining companies will support government in the rollout of Covid-19 vaccines as the nation battles a surge in infections, the industry body said on Friday.Mining companies say they are well placed to support...

Namibian economy expected to continue bleeding red ink

1 day - 19 January 2021 | Economics

PHILLEPUS UUSIKUAlthough most economies, including South Africa, rebounded in in the third quarter of 2020, Namibia’s economy remains into deeper recession.According to Indileni Nanghonga, the Senior Research and Product Development Officer at Agribank, the economy...

Kenya Airways plans more pay cuts

1 day - 19 January 2021 | Economics

Kenya Airways plans further pay cuts for employees of as much as 30% after the airline was hit by the coronavirus pandemic that has caused...

China remains a top market for Namibian exports

2 days ago - 18 January 2021 | Economics

PHILLEPUS UUSIKUTotal exports deteriorated in November last year by 3.9% when compared to its level of N$8.3 billion observed in November 2019.The top three countries...

Nudo supports striking Shoprite employees

2 days ago - 18 January 2021 | Economics

The National Unity Democratic Organisation (Nudo) has thrown its weight behind employees of the Shoprite group who have been striking since December for better wages.Employees...

Vulnerable residents relocated to avoid flooding

2 days ago - 18 January 2021 | Economics

Residents of informal settlements who were relocated by the City of Windhoek (CoW) from riverbeds and other areas to lessen their exposure to flooding have...

Ivory Coast faces 100 000-tonne cocoa bean pile-up

2 days ago - 18 January 2021 | Economics

ANGE ABOAA pandemic-induced slowdown in global chocolate demand has led to a pile-up of about 100 000 tonnes of cocoa beans in Ivory Coast's interior,...

Nearly half-billion up for SME loans

5 days ago - 15 January 2021 | Economics

PHILLEPUS UUSIKUFast tracking the disbursing of loan payments is of critical importance to ensure that affected Small and Medium Enterprises (SME’s) receive funds on time...

TransNamib unable to meet wage increment demands

5 days ago - 15 January 2021 | Economics

TransNamib management said the company is currently unable to meet any wage increases due to its well documented weak financial position.TransNamib stated this while responding...

Economics

Cenored announces power outage in...

5 days ago - 15 January 2021 | Economics

The Central North Regional Electricity Distributor (Cenored) has announced that there will be a scheduled power outage in Tsumeb on Sunday.Cenored Public Relations Officer, Charlie...

SARB to hold repo at...

5 days ago - 15 January 2021 | Economics

VUYANI NDABASouth Africa's Reserve Bank (SARB) will keep its repo rate at a record low 3.50% at its Jan. 21 meeting, and for the rest...

South Africa's drinks industry seeks...

5 days ago - 15 January 2021 | Economics

South Africa's alcohol industry, reeling under a renewed liquor sales ban since end December, on Tuesday called for a deferment of excise duty to stave...

Namibia’s current account deteriorating

6 days ago - 14 January 2021 | Economics

PHILLEPUS UUSIKUA recovery in imports following the easing of local and global Covid-19 restrictions, as well as a bounce-back in oil prices together with a...

IMF board approves US$487.5 mln...

1 week ago - 13 January 2021 | Economics

DAVID LAWDERThe International Monetary Fund said on Monday its executive board approved a disbursement to Angola of about $487.5 million after completing a fourth review...

Weed control an integral aspect...

1 week ago - 13 January 2021 | Economics

HANKS SAISAICrop production is a form of primary agriculture that provides many Namibian households with staple food. In most rural areas of Northern and North-Eastern...

Load More