An Opportunity to Deepen Trade and Investment between the United States and Namibia

An Opportunity to Deepen Trade and Investment between the United States and Namibia

By US Ambassador, Randy Berry “The United States is all in on Africa.” President Biden affirmed during the U.S.-Africa Leaders Summit last December. The future is Africa. On example is its youthful population: The median age on the continent is nineteen. By 2050, one in four people in the world will be in Africa. The United States wants them to be healthy and wealthy. What happens in Africa will affect […]

November 1, 2023 9

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 4

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 20

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 4

Business / Economics

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 15

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 9

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 17

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 14

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 29