Despite the rebasing of Nigeria’s Gross Domestic Production (GDP), the country still retains its position as the fourth largest economy in terms of Nominal terms. According to the National Bureau of Statistics (NBS), the country’s economy was worth N372.82 trillion in 2024. Using the current N1,529.53 per dollar, this, the economy is $243,526,768,148.72 (billion) in…
Professor HB Klopper, academic head at Belgium Campus iTversity. Technology and business are converging at an unprecedented pace. The swift transition into what some call the fifth industrial revolution, almost leapfrogging the fourth, presents us with a remarkable opportunity to fundamentally reimagine our approach to business operations. In this fifth revolution, the promise is of…
Remember the time when cash notes and clunky coins filled your wallet? Today, your wallet’s bill compartment and coin pockets are probably much emptier, while its card slots are overflowing with bank and retailer cards. You might even be a consumer with no cards in your wallet, preferring contactless payments with your smartphone. The transition…
Zanzibar — ZANZIBAR President, Hussein Mwinyi has urged African nations to take the lead in shaping the global knowledge economy, as he officially opened the Africa QS Forum on Education here yesterday. Speaking at the high-level gathering of education leaders, scholars and innovators, Dr Mwinyi said Africa must move beyond the sidelines to become a…
SA’s National Business Initiative has received a R17 million grant to support youth-driven green skills development. The African Development Bank (AfDB), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million (R17.6 million) grant to SA’s National Business Initiative (NBI). The grant, which aims to support green skills development for local…
Geopolitical developments in the Middle East are expected to have a negative influence on market sentiment and the global economy if de-escalation efforts fail. Since Namibia is a part of the global village and trades with other countries; it is therefore not immune to economic catastrophe. The global economy has been negatively impacted by event…
Initiatives that support improved solid waste management of marine plastics, while advocating awareness for policy change, must be encouraged. Africa’s blue economy can constitute a significant source of wealth that can catapult the continent’s fortunes. It is estimated that by 2030, Africa’s blue economy will grow to $405 billion, including $100 billion generated by coastal…
As attacks escalate between Iran and Israel, fears are growing over the global economic fallout.
Africa accounts for 70% of the R18 trillion stored in mobile wallets. Credit bureau TransUnion believes it is possible to enable as many as 500 million financially excluded Africans to join the formal economy, growing gross domestic product (GDP), through analysing mobile network subscribers’ behaviour when they buy data or airtime. TransUnion Africa − in…
The southern African country of about three million people is not only the continent’s top performer, but also the only African nation to break into the top 10 worldwide, a milestone fuelled by its unprecedented leadership configuration. Namibia is Africa’s most gender-equal economy, closing 81.1% of its gender gap and ranking eighth globally in the…
