FY2023/24 Mid-year Budget Review Statement

FY2023/24 Mid-year Budget Review Statement

FY2023/24 Mid-year Budget Review Statement Presented by Iipumbu Shiimi, MP Minister of Finance 31 October 2023 Honourable Speaker; Honourable Members of Parliament; Fellow Namibians; 1. I have the honour to table for the favourable consideration and approval of this House the 2023/24 Mid Year Budget Review. This review follows the 2023/24 National Budget which I tabled on 22 February 2023 under the theme “Economic Revival and Caring for the Poor”. […]

October 31, 2023 18

Africa

“Do not overlook Africa’s multi-trillion food and agribusiness sector” African Development Bank chief tells investors at World Food Prize Dialogue

Africa’s food and agribusiness will be worth an estimated US$11 trillion by 2030, African Development Bank President Dr Akinwumi Adesina told participants of the World Food Prize Foundation’s Norman E. Borlaug Dialogue in Des Moines, Iowa on Thursday. The annual event in America’s agricultural heartland, revolved around this year’s theme of “harnessing change,” with delegates and panellists exploring innovative ideas to shore up innovation, adaptation, and diversification, and mechanisms for improving resilience, recovery from […]

October 30, 2023 6

Business / Economics

The impact of collective contributions for Sustainable Development

By Bank Windhoek’s Sustainable Finance and Environmental, Social and Governance (ESG) Analyst, Joachim Komeheke The concept of sustainable development has evolved over the past decades. These changes are rooted in the global community’s numerous environmental and social awareness achievements. Namibia is an excellent example of how far we have come in driving sustainable development, particularly in ensuring the protection and conservation of our natural environment, an aspect enshrined in the […]

October 30, 2023 11

Entertainment

Youth Theater Festival Victory for Windhoek Gymnasium

Windhoek Gymnasium Senior Primary School made a noteworthy appearance in the Curro Create National Youth Theatre Festival with their captivating drama production, "Pluk vir my ‘n Reënboog." This enchanting and joyful play about a girl and her imaginary friends delves into the profound consequences of excessive social media usage among children, shedding light on the loss of childhood creativity and the importance of friendship. "Pluk vir my ‘n Reënboog" earned […]

October 30, 2023 29

Sport

Metropolitan Gravity Cup 2023

Sport: This past weekend, Windhoek was alive with competitive spirit as 39 schools, featuring 136 teams – 9 private and 30 government institutions – clashed in the Metropolitan Gravity School Sports Cup. Schools from all over Namibia united, exhibiting outstanding athleticism and camaraderie in Hockey, Netball, Rugby 7's, and Soccer 6-A-Side. Highlights of the Tournament: In Hockey, St. Paul’s led the pack for the girls across all age groups, while […]

October 30, 2023 11

Environment

Fruit Production an untapped Agribusiness with many Opportunities

By Hanks Saisai, Technical Advisor: Crops & Poultry According to a study conducted by the Namibian Agronomic Board, Namibia ‘s fruit production sector accounts for about 4% of local production (a mere 732 tons) compared to an estimated 20 282tons imported from other countries to meet local demand. Most fruits consumed in Namibia such as apples, pears and bananas are seldom produced in Namibia. To this end, oranges and grapes […]

October 30, 2023 19

Press Releases

When should you ignore an instruction from your boss?

As organisations around the world spend even more on cybersecurity tools, cybercriminals are increasingly using a simple, yet effective ways to access organisations’ data or money through business email compromise (BEC) or CEO fraud. International security awareness organisation, KnowBe4, explains that BEC is a type of scam in which cybercriminals gain access to – or convincingly replicate – the email address of a senior staff member. They then mail a […]

October 30, 2023 15

Opinion Pieces

South Africa economy to slow down in 2023 before stabilizing in 2024, says GlobalData

The South African economy is grappling with several challenges, including severe power disruptions, unstable commodity prices, a high unemployment rate, and external issues. Against this backdrop, South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% in 2023, before picking up to 1.3% in 2024, forecasts GlobalData, a leading data and analytics company. GlobalData’s recently published report, “Macroeconomic Outlook Report: South Africa,” underscores the ongoing concern of […]

October 30, 2023 37

Opinion Pieces

Being financially prepared and resilient when facing a health challenge

By Mauriza Fredericks, Group Brand Manager, Old Mutual Namibia A health crisis can strike unexpectedly, putting a significant strain on not just our physical well-being but also our finances. Whether it's a sudden illness, a medical emergency, or a global pandemic like the one we experienced in recent years, building financial immunity against an unforeseen health challenge, will go a long way. Building Blocks of Financial Immunity Financial immunity can […]

October 30, 2023 9