Report

Outreach celebrates 20 years with rebranding and new website

Outreach Nepal is set to celebrate its 20th anniversary with an exciting rebranding. This milestone includes a new logo, a philosophy inspired by Nepali heritage and a new website, according to the company, “Since its founding in 2003, Outreach has become a leading advertising agency based in Nepal.” The agency is renowned for its strategic …

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Nepal Investment Summit 2024 – Lukewarm response from investors

The third episode of Nepal Investment Summit 2024 hosted by the government concluded on a high note with the high-level political leadership making a commitment to provide utmost protection and security to private investments including foreign investments. The summit organised as the flagship event of the investment promotion has been able to position Nepal as …

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Low credit growth, rising NPL hit Q2 profit of Commercial Banks

Relatively low credit growth as compared to previous years and loan-loss provisioning against rising Non-Performing Loan (NPL) have hit the profit of commercial banks in the second quarter (mid-July to mid- January) of the current fiscal 2023/24. The unaudited financial statements disclosed by commercial banks show the average profit growth of 20 commercial banks in …

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Nepal’s HDI value at 0.601, placing country in Medium Human Development category

Nepal’s Human Development Index (HDI) value has improved placing the country three spots ahead to 146 out of 193 countries and territories. The recently launched 2023/24 Human Development Report of the United Nations Development Programme (UNDP), titled ‘Breaking the Gridlock: Reimagining cooperation in a polarised world’ revealed that Nepal’s HDI value is 0.601 that places …

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Despite numerous efforts women still deprived of opportunities

Despite the efforts of the government and private sector to frame and execute gender sensitive policies, the progress towards gender equality is still moderate. Empowering women is necessary to make them able to utilise the rights enshrined in the Constitution as well as the provisions of the sectoral laws and policies, however, the effectiveness of …

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Global IME Bank receives investment of $56 million from IFC

International Finance Corporation, a member of the World Bank Group, is investing $56 million in Global IME Bank Limited (GIBL), to help increase access to finance for smaller businesses in Nepal, including women-owned firms, and foster climate-friendly projects. “The aim is to boost competitiveness in the small and medium enterprise (SME) finance market while also …

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Revitalizing the Nepali Handicraft Industry

Despite the demand, the full potential of Nepal’s handicraft industry remains untapped. the HRM During a recent visit to Uzbekistan for a handicraft fair, Prachanda Shakya, President of the Federation of Handicraft Association of Nepal (FHAN), was taken aback by Uzbekistan’s impressive growth in handicraft exports. Despite having only two major handicraft products, the central …

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