Urgent need to relieve land degradation affected communities

Urgent need to relieve land degradation affected communities

There is a need to relieve pressure on communities experiencing overcrowding of livestock and land degradation, hence the government's commitment to protect resettlement is a fundamental aspect of social justice. According to Erongo Governor, Neville Andre Itope, there is a collective belief that if the above aspects are improved in the newly approved Resettlement Policy of 2023, the land reform programme will deliver the desired results. Itope was speaking at […]

November 1, 2023 10

Africa

Africa’s GDPs Exit the Pandemic Era Second to None

By Matthew A. Winkler via BizNews For all of Covid-19’s disruptions, one trend during the global pandemic presses on unabated. And that would be five of the world’s 10 fastest-growing economies continue to be based in Africa and at least several more on the continent over the next two years are poised to outperform the world. The coronavirus, if anything, accelerated the transition among Africa’s 54 countries to wireless, remotely engaged commerce […]

November 1, 2023 5

Business / Economics

Oil and green hydrogen industries can help in achieving Vision 2030: Iipumbu

By Suzith Tjitaura With only seven years left to Namibia achieving its vision of becoming an industrialised nation by 2030, Minister of Industrialisation and Trade, Lucia Iipumbu has expressed optimism that the discovery of oil and the potential green hydrogen industry will help this vision be achieved. Iipumbu, who made the remarks here during the official opening of the 67th Keetmanshoop Agricultural, Industrial and Tourism Expo on Tuesday, said should […]

November 1, 2023 22

Africa

Call to improve jobs for youth in Africa

Africa should improve the quality of basic education to ensure a skilled workforce that will create more and better jobs to drive economic transformation on the continent. Economic Commission for Africa (ECA) acting Director of the Gender, Poverty and Social Policy division (GPSPD), Sweta Saxena, said creating suitable jobs for its youth is one of the biggest challenges facing policymakers in Africa, highlighting that growing young and working-age population requires […]

November 1, 2023 12

Business / Economics

Understanding the Financial Landscape of Namibia: Insights from the Old Mutual Financial Services Monitor

In a time of economic uncertainty, Old Mutual Namibia remains committed to gaining a deeper understanding of the financial behaviours and attitudes of Namibians. Yesterday Old Mutual Namibia launched its Old Mutual Financial Services Monitor (OMFSM), an annual study, which offers invaluable insights by focusing on a key cohort in society, namely employed Namibians, who account for about 28% of the Namibian population, aged between 18 to 65 with an […]

November 1, 2023 7

Namibia

African Development Bank approves $196 million loan to modernize railway Namibian infrastructure

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP). The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide the remaining 48.2 percent. The project aligns with Namibia’s long-term Vision 2030 to the country’s Namibia’s logistics value […]

November 1, 2023 7

Opinion Pieces

Mid-Term Budget Review: Never too late to reform

By Josef Kefas Sheehama Namibian Finance Minister, Mr Iipumbu Shiimi, delivered his 2023/2024 Mid-Term Budget speech on 31 October 2023, taking note of the achievements, challenges, and performances of State-Owned Enterprise (SOE). The Mid-Term Budget Review plays a critical role in the entire budgetary process because it sets the tone for the fiscal framework for the next main budget. The budget is the most important economic instrument of government, as […]

November 1, 2023 5