Economy - eriinfo

Milei vetoes pension, disability spending increases as Argentina feels cuts | Business and Economy News

eriinfo.com2 months ago04 mins

Despite his austerity measures, the president’s party is expected to do well in the crucial October mid-term elections. Argentina’s libertarian president, Javier Milei, has vetoed bills aimed at increasing pensions and disability spending, amid ongoing protests against his austerity fiscal policies, which are hitting many people in their day-to-day lives. Milei’s administration announced the decision…

Africa

Africa: Kenya Eyes Bigger Stake in $20bn Africa Film Economy At Lagos Forum

eriinfo.com2 months ago02 mins

Nairobi — Kenya’s film and creative sector is set to gain from the upcoming Africa Film Finance Forum (AFFF), which returns this September in Lagos, Nigeria, with an ambitious goal of unlocking a $20 billion Pan-African film economy. Scheduled for September 16-18, the forum will convene industry stakeholders under the theme “Pan-African Film Economy: Building…

Africa

Africa: Nigeria Ranks Africa’s Fourth Largest Economy Despite Rebasing

eriinfo.com2 months ago02 mins

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…

Empower SA’s youth with future-proof knowledge economy skills

eriinfo.com2 months ago09 mins

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…

The real cost of a cashless economy

eriinfo.com2 months ago07 mins

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…

Africa

Africa: Mwinyi Stresses Africa’s Role in Knowledge Economy

eriinfo.com3 months ago03 mins

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…

R17.6m green economy grant to boost SA youth job creation

eriinfo.com3 months ago04 mins

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…

Africa

Africa: In a Global Economy, No Country Is Too Far From the Shockwaves of War

eriinfo.com3 months ago011 mins

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…

Africa

Africa: Overcoming Blue Economy Challenges – Paving the Way for Africa’s Renaissance

eriinfo.com3 months ago013 mins

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…

What could a war between Israel and Iran mean for the global economy?

eriinfo.com3 months ago01 mins

As attacks escalate between Iran and Israel, fears are growing over the global economic fallout.