World

World

Phoenix Rising: Disco Lights Up Zimbabwe's Steel Industry, Shattering ZISCO's Gloom

The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay

Jul 24, 2023
World
Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth

Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth Central banks have traditionally prioritized price stability and controlling inflation. However, in recent

 Jul 24, 2023
World
Assessing the Effect of EU's Carbon Border Tax on Critical Economic Sectors in Africa

The European Union's (EU) new carbon border tax, which will be fully implemented in October 2026, is set to significantly impact African economies. The tax will be applied to imports of products from

 Jul 17, 2023
World
US Budget Deficit More than Triples

The US government budget deficit widened by 157% to US$227.8 billion in June 2023, up from a US$ 88.8 billion gap in the same month of the previous year. This figure fell below market expectations of

 Jul 14, 2023
World
US Dollar Languishes as Fed Bets Turn Dovish

The US dollar index saw a nosedive on Friday, falling below 100 and hitting its lowest levels in over a year. The decline comes amid indications that US inflation is on a downward trend, sparking hop

 Jul 14, 2023
World
China's Trade Surplus Shrinks on Falling Exports, Imports: What are the Implications?

China's trade surplus for June decreased due to a decline in both imports and exports, which indicates a shift in the balance of trade. This shift has significant implications for China's economy and

 Jul 13, 2023
World
China's Sluggish Demand: A Concern for Global Markets?

China’s factory-gate prices recorded their fastest fall in seven and half years in June while consumer inflation was at its slowest since 2021. The producer price index marked its steepest decline sin

 Jul 10, 2023
Putinic Crisis: Ruble Tumbles as Cost of War, Sanctions Take Toll

The Russian ruble has hit its lowest mark in 15 months on the 10th of July 2023 at 90.6 against the US dollar, trading well below averages prior to Russia's invasion of Ukraine, due to political uncer

Jul 10, 2023
A Tale of Financial Woes: Seed Co’s FY Profit More than Halve

Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign

Jul 04, 2023
Zimbabwe's 2022 GDP Growth Exceeds Expectations, Driven by Agriculture and Mining

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jul 04, 2023
New Bill Set to Overhaul Namibia’s Banking System

Harare - The Namibian government has introduced a new Banking Institutions Bill to revamp the country’s banking regulatory framework. The current Banking Institutions Act of 1998 has been deemed outda

Jul 04, 2023

Namibia :Recovery Ignites Economy but Rates Threaten Gains

Windhoek - Namibia’s economy expanded by 5% in the first quarter of 2023 compared to the same period last year, showing signs of recovery after two years of recession brought on by COVID-19. The finan

Jun 27, 2023

Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w

Jun 26, 2023

South African Rand Falls on Global Growth Worries Due to Interest Rate Hikes

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 23, 2023

Seef Contemplates Zimbabwe Hospitality REIT Launch

Seef Developments is contemplating the establishment of a Real Estate Investment Trust (REIT), setting its sights on the prospective Zimbabwean Tourism and Hospitality market, with plans to secure US$

Jun 23, 2023

Rand Trim Gains Despite Inflation Respite

The South African Currency weakened to 18.4 against the greenback on the 22nd of June 2023, down from a one-month high of 18.2 despite a respite from inflationary pressures and a weaker dollar.  The

Jun 22, 2023

Mr Price Posts 6% Fall in Annual Profit Amidst Inflationary Pressure and Power Cuts

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 22, 2023

Why the Namibia Stock Exchange is Ready to Take Off

Why the Namibia Stock Exchange is Ready to Take Off The Namibia Stock Exchange (NSX) is ready to ascend to new heights after being admitted as a full member of the World Federation of Exchanges (WFE)

Jun 20, 2023

Political Romance or Diplomatic Failure: How Damaging is Pretoria’s Ironclad Ties with Kremlin?

Is Putin giving a diplomatic headache to Ramaphosa, or Ramaphosa is deliberately challenging USA? But at what cost? Harare- South Africa is facing a possible expulsion from the African Growth and Opp

Jun 15, 2023