Economics

Vehicles sales unresponsive to low rates

14 hours ago | Economics

PHILLEPUS UUSIKUDespite interest rates being low to make borrowing attractive, new vehicle sales remained weak for the month of May.Last week, the Bank of Namibia (BoN) announced that the repo rate will remain unchanged at...

ILO, EU supporting Namibia’s fisheries sector

14 hours ago | Economics

The International Labour Organization (ILO), with support from the European Union (EU), has launched the Sustainable Supply Chains to Build Back Better (SSCBBB) project which will focus on promoting decent work opportunities in Namibia’s fisheries...

Nigeria urged to make forex system clear

14 hours ago | Economics

CHIJIOKE OHUOCHA AND ESTELLE SHIRBONThe World Bank urged Nigeria to provide a clearer and more predictable foreign exchange management system, suggesting that its response to Abuja's request for a US$1.5 billion loan would be linked...

Namdock and MANWU signed an agreement

14 hours ago | Economics

On 3 June 2021, established ship repair and wholly Namibian-owned company Namdock (Namibia Drydock and Ship Repair), signed a Recognition and Procedural Agreement with trade union Metal and Allied Namibian Workers Union (MANWU). “This mutually...

IMF forecasts growth for Zimbabwe economy

14 hours ago | Economics

The International Monetary Fund forecasts Zimbabwe's economy will grow by six percent this year, nearly double its previous estimate, after weathering effects of the Covid-19 pandemic, the IMF said.The Fund's optimistic forecast was released after...

DRC central bank cuts interest rate

14 hours ago | Economics

Democratic Republic of Congo's central bank on Thursday cut its main interest rate for the third time since the start of the year, to 8.5%...

Consumers paying more for the same quantity

3 days ago - 18 June 2021 | Economics

PHILLEPUS UUSIKU Prices of transport, miscellaneous goods and services, and food continue to rise as they were the main drivers of inflation in May this...

Ethiopia's economic reforms hindered

3 days ago - 18 June 2021 | Economics

MARION DOUETShortly after taking office, Prime Minister Abiy Ahmed promised a spectacular overhaul of Ethiopia's economy by implementing reforms to spur growth, unshackle the country's...

World's third largest diamond discovered

3 days ago - 18 June 2021 | Economics

A 1 098-carat diamond believed to be the third largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint...

Oil price hits new high on demand rise

4 days ago - 17 June 2021 | Economics

Alex Lawler - Oil extended its run of gains yesterday, climbing towards US$75 a barrel to its highest since April 2019, supported by a recovery...

!Gawaxab: Economy needs vaccines

4 days ago - 17 June 2021 | Economics

PHILLEPUS UUSIKU - The successful procurement and expeditious rollout of Covid-19 vaccines in Namibia remain key to the extent and speed of the economic recovery,...

Are digital health passports a good idea?

4 days ago - 17 June 2021 | Economics

Umberto Bacchi - The European Union put the finishing touches this week to its plans for a Covid-19 certificate to ease travel across the 27-nation...

Economics

G7 slammed for failing on...

5 days ago - 16 June 2021 | Economics

Michelle Nichols - Outgoing UN aid chief Mark Lowcock slammed the Group of Seven wealthy nations this for failing to come up with a plan...

Is video streaming pushing up...

5 days ago - 16 June 2021 | Economics

Lin Taylor - With Covid-19 restrictions in place globally, our reliance on digital technology sky-rocketed in 2020 as video calls, emails, instant messaging and virtual...

‘Small' groups don't rule the...

6 days ago - 15 June 2021 | Economics

CARBIS BAY, England - China has pointedly cautioned Group of Seven leaders that the days when "small" groups of countries decided the fate of the...

WTO hopes for speedy deal...

6 days ago - 15 June 2021 | Economics

GENEVA - The head of the World Trade Organisation said yesterday she hoped that members could reach an agreement by July on improving access to...

Tesla to accept bitcoin again...

6 days ago - 15 June 2021 | Economics

SINGAPORE - Bitcoin hit a two-week peak just shy of US$40 000 yesterday, after another weekend reacting to tweets from Tesla boss Elon Musk, who...

IMF eyes new trust to...

6 days ago - 15 June 2021 | Economics

Andrea Shalal - The International Monetary Fund is exploring creation of a new trust that could allow its members to lend their IMF reserves to...

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