insert_link Opinion Pieces China’s high-quality development presents new opportunities for Namibia’s modernization By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […] todayDecember 15, 2023 36
insert_link Local The Agriculture Bank of Namibia and KfW Development Bank collaborate to support Namibian Farmers and MSMEs in the agriculture sector On 14 December 2023, the Agricultural Bank of Namibia (Agribank) and KfW Development Bank entered into a historic agreement, signing a first concessional loan of just over 400 million NAD. This collaboration aims to empower farmers operating in both communal and commercial, as well as other agricultural or food-processing MSMEs in Namibia. Agribank will on-lend the funds for the target group of small scale farmers as well as the […] todayDecember 15, 2023 15
insert_link Local Old Mutual Foundation’s little green ambassadors initiative announces winning schools By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia The Old Mutual Foundation is thrilled to announce the triumphant conclusion of the groundbreaking Little Green Ambassadors Initiative. Amidst fierce competition, 28 primary schools outshone, having been chosen from a pool of 100 remarkable applications. These schools, dedicated to nurturing a sustainable future, have proven themselves as the frontrunners in environmental stewardship. After a rigorous […] todayDecember 14, 2023 24
insert_link Sport Cologne FC slapped with record fine Bundesliga club FC Cologne have on Wednesday been hit with a 595,000 euro ($641,800) fine for igniting pyrotechnics and throwing objects on the field which delayed a match.The fine is the highest penalty ever levied for fan misconduct in German football.The German FA (DFB) fined the club for the incident which delayed Cologne's home derby clash with Borussia Moenchengladbach by several minutes in October.Around a third of the fine can […] todayDecember 14, 2023
insert_link Sport Vunipola cleared to play Saracens No 8 Billy Vunipola is free to play against Connacht this weekend after the red card he received in last weekend's Champions Cup loss at the Bulls was overturned, tournament organisers announced on Wednesday.The England international was sent off in Saturday's defeat in South Africa for striking opposition back-rower Cameron Hanekom in the head at a ruck but a disciplinary hearing cleared him of a suspension."The committee determined that […] todayDecember 14, 2023 3
insert_link Sport Warner silences his critics Veteran opener David Warner brought up his 26th Test century Thursday and his first in a year to silence the critics in what is expected to be his Test series finale. The 37-year-old came into the opening Test under pressure after a lean spell and with former paceman Mitchell Johnson questioning why he deserved a farewell tour. Warner, in his 110th Test, responded in typical swashbuckling fashion, crashing 14 fours […] todayDecember 14, 2023 1
insert_link Business / Economics The gross domestic product for the third quarter of 2023 expanded by 7.2 percent Domestic Economy 1. In the third quarter of 2023, the Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessed a commendable trend, characterized by 10 consecutive quarters of positive growths. 2. In nominal terms, the size of the Namibian economy, quantified […] todayDecember 14, 2023 7
insert_link Environment Hard-fought COP28 agreement suggests the days of fossil fuels are numbered – but climate catastrophe is not yet averted Shutterstock Matt McDonald, The University of Queensland As negotiators stagger towards their beds in Dubai and another year’s climate talks come to a close, it’s time to take stock. Did COP28 achieve the big breakthrough the world needs on climate change? Probably not. But the final agreement – met with an ovation – includes a first call for nations to transition away from fossil fuels. It’s a step short of […] todayDecember 14, 2023 4
insert_link Local Launch of new benefits for Mineworkers Union of Namibia members The Mineworkers Union of Namibia (MUN), through NamIt, introduces new products for its members. “At the MUN, we always put the needs of Namibian workers as our motivation. This does not only mean favourable working conditions, but we also want miners to benefit beyond their employable years” said Mr. Ismael Kasuta, President of the MUN. The products, introduced of the MUN Indaba in Swakopmund, encompass the education, employment and legal […] todayDecember 14, 2023 25