News By Category Economics

NISS records settlement value of N$1 trillion

1 day - 21 January 2022 | Economics

PHILLEPUS UUSIKUDue to high volumes of the new domestic electronic funds transfer (EFT) system streams, utilisation of the lending facilities, the purchase and resell of government securities and inflows of funds, the central bank’s Namibia...

N$8.8 billion gained in export earnings

1 day - 21 January 2022 | Economics

PHILLEPUS UUSIKUNamibia gained about N$8.8 billion in exports earnings in November 2021, an increase of 1.3% when compared to N$8.7 billion recorded in October 2021. When compared to November 2020, exports increase by 3.9%, according...

Malpass urges Microsoft to help poor countries

1 day - 21 January 2022 | Economics

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday drew a contrast between the deal and the amount of money...

UK inflation pushes cost of living

1 day - 21 January 2022 | Economics

ROLAND JACKSONThe annual rate of inflation in Britain rose to a near 30-year high in December, official data showed Wednesday, stoking fears about a cost-of-living squeeze as wages fail to keep pace.The UK's inflation rate...

US sanctions strangling Zim economy

1 day - 21 January 2022 | Economics

FANUEL JONGWECallisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days. In the 1990s, his factory, located in the Zimbabwean capital Harare, was buzzing.It had a workforce of 350 people,...

Category

New vaccine plant in South Africa opens

1 day - 21 January 2022 | Economics

WENDELL ROELFSouth African-American businessman Patrick Soon-Shiong opened a new vaccine plant in Cape Town on Wednesday, intended to help his local NantSA company make Covid-19...

Oil prices hover around 2014 highs

1 day - 21 January 2022 | Economics

NAVEEN THUKRAL AND ROSLAN KHASAWNEHOil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support...

Kenyan tourism begins to recover

1 day - 21 January 2022 | Economics

GEORGE OBULUTSAKenya's tourism industry has started to pull out of its deep Covid-19-induced slump as local travellers take advantage of lower prices, the government said...

The New Range Rover

1 day - 21 January 2022 | Economics

The New Range Rover makes every journey an occasion, combining advanced technology with modern luxury to deliver peerless refinement in any environment and for every...

Bond yields in Namibia expected to rise

2 days ago - 20 January 2022 | Economics

PHILLEPUS UUSIKU Bond yields in Namibia are expected to rise in 2022, more for the medium to long end of the yield curve, as foreign...

UK inflation rises to highest in 30 years

2 days ago - 20 January 2022 | Economics

DAVID MILLIKEN AND ANDY BRUCEBritish consumer price inflation rose more than expected to 5.4% in December, its highest in almost 30 years, official data showed...

World's richest people to fund vaccines

2 days ago - 20 January 2022 | Economics

A wealth tax on the world's richest people could raise at least US$2.52 trillion per year, enough to fund Covid vaccines for everyone and lift...

Oil demand to remain robust...

2 days ago - 20 January 2022 | Economics

Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum...

Vaccine equity a must to...

2 days ago - 20 January 2022 | Economics

Vaccine equity is the best way to get out of the current pandemic phase of the coronavirus epidemic, the world's top public health experts said...

BoN kicks back on Global...

3 days ago - 19 January 2022 | Economics

PHILLEPUS UUSIKUThe D+ rating that the Bank of Namibia (BoN) governor, Johannes !Gawaxab, received in the Global Finance’s Central Banker Report Cards 2021, appears ‘fundamentally...

Uganda hit by fuel shortage...

3 days ago - 19 January 2022 | Economics

Ugandans were struggling Monday with a fuel shortage that has sent prices skyrocketing, as hundreds of trucks remain stuck in huge tailbacks at the border...

China cuts rates on policy...

3 days ago - 19 January 2022 | Economics

China’s central bank on Monday unexpectedly cut the borrowing costs of its medium-term loans for the first time since April 2020, while some market analysts...

Global jobs recovery to take...

3 days ago - 19 January 2022 | Economics

EMMA FARGEThe global job market will take longer to recover than previously thought, with unemployment set to remain above pre-Covid-19 levels until at least 2023...