income

The recent reclassification of Namibia by the World Bank as a lower-middle-income country has sent ripples through the nation's economic landscape. This adjustment followed a period marked by fiscal challenges, prompting an urgent response from Namibia’s current administration. In light of these developments, the government has set an ambitious economic growth target of 7%. This target isn’t just a number; it symbolizes a renewed hope for the country to reclaim its status as an upper-middle-income nation. Can one man's…

Understanding Namibia's Economic Shift: A Close Look at Recent Developments In a significant turn of events, Namibia has found itself marked by a downward adjustment in its economic classification. This change, unveiled in the World Bank's Fiscal Year 2026 Updated Country Income Classification, primarily hinges on a decline in the country's Atlas Gross National Income (GNI) per capita. Thus, Namibia's income status has shifted, falling below the new threshold of US$4,495 necessary to maintain its upper-middle-income…

The real estate market is undergoing a remarkable transformation, and at Devtraco Plus, we are committed to staying at the forefront of these innovations. Our latest venture, ARLO, is strategically situated in the affluent Cantonments area. This project embodies a modern, forward-thinking approach to real estate investment in Accra, offering serviced apartments that emphasize flexibility, income generation, contemporary living, and exceptional lifestyle experiences. At its essence, ARLO addresses a growing demand among…

After the third wave of Covid -19 and the riots last month, the country has introduced a monthly support of 350 rand - or about twenty euros - for the most disadvantaged. Although the usual social assistance paid to 18 million South Africans is not enough to cover all needs, the government is now increasingly considering making this emergency aid sustainable, in the form of a basic income - a kind of living income. project in Africa. as reported from Johannesburg, Claire Bargelès The Ministry of Social Development has…