Economist Omu Kakujaha-Matundu says consumers’ cost-of-living crisis is expected to worsen, following steep price hikes in both petrol and diesel. Businesses too will suffer from higher production costs, he says. This comes as the Ministry of Mines and Energy yesterday announced that the petrol price would increase by N$1,52 and both diesel prices by 72...
Artificial intelligence (AI) is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF). The IMF’s managing director, Kristalina Georgieva, says “in most scenarios, AI will likely worsen overall inequality”. She says policymakers should address the “troubling trend” to “prevent the technology from further stoking social...
Millions of people in Africa’s most populous country, Nigeria, are struggling with economic problems analysts say were caused in part by government reform policies introduced earlier this year. Nigeria scrapped fuel subsidies in May, leading to price hikes in food, transportation and energy costs. Data released last week by the National Bureau of Statistics showed...
The water crisis in the Amaupa village of the Omusati region continues to worsen daily as the drought hits harder. Amaupa resident Petrus Shiweva said community members of the Tsandi constituency held a demonstration against the region’s water crisis some three months back. They promptly handed over a petition to the region’s governor and the...
UNITED NATIONS, Sept. 1 — Addressing the recent series of military coups predominantly in Africa, UN Secretary-General Antonio Guterres on Thursday underscored the importance of establishing lasting democratic governance backed by the rule of law. Wednesday’s military takeover in Gabon came on the heels of Niger last month, Burkina Faso in 2022, and Chad, Guinea,...