United Nations report criticizes Namibia’s SDG scores

United Nations report criticizes Namibia’s SDG scores

The Head of Governance at UN Namibia, Alka Bhatia says the Global Progress Report on Sustainable Development Goals does not give Namibia a good score on peace, justice, and strong institutions. SDG 16 promotes peaceful and inclusive societies for sustainable development, access to justice for all, and building effective, accountable, and inclusive institutions at all levels.

September 4, 2024 53

Business / Economics

Geingos talks investment landscape at Africa Hydrogen Summit

Namibia is hosting the Global African Hydrogen Summit. The event brings together heads of state, ministers, business leaders, and investors from Africa and beyond. The goal is to drive partnerships and secure investments in key green energy projects across the continent. Among the speakers on Wednesday was former First Lady, Madam Monica Geingos, who gave an overview of Namibia's investment landscape to investors. Another moment at the summit […]

September 4, 2024 55

Namibia

Growing BRICS could surpass the Economic Size of the G7

Opinion Piece by Josef Kefas Sheehama It is not surprising that the BRICS plus will usher in a new economic order if the group of seven (G7) does not pull up its shocks, as the group's expansion presents new economic opportunities for developing countries. There is no doubt that the establishment of the BRICS represented a major step forward in the long-term process of member countries' integration, both […]

September 4, 2024 26

Business / Economics

President Mbumba attends China-Africa forum in Beijing

President Nangolo Mbumba has left for Beijing, China, to join over 50 African leaders at the Forum on China-Africa Cooperation. The meeting will focus on strengthening China's strategic partnership with Africa in the post-Covid era, with talks expected to center on climate, energy, and digital cooperation. UNAM economics lecturer Dr. Omu Kakujaha-Matundu says these Africa-China relations should be based on mutual understanding.

September 2, 2024 30

Namibia

Two-thirds of the world now online

Global screen time has reached an all-time high this year, with over two-thirds of the world's population (5.44 billion people) online. Most internet users, according to a report by the American Academy of Child and Adolescent Psychiatry, mainly search for information (60.3%) and connect with family and friends (56.8%), while streaming services like Netflix and Amazon Prime are also widely used (77.1%). South Africa leads with the highest daily screen […]

September 2, 2024 19

Business / Economics

Namfisa CEO advises public to learn and understand FIMA for better dialogue

CEO of the Namibia Financial Institutions Supervisory Authority, Kenneth Matomola has urged the public to familiarise themselves with the Financial Institutions and Market Act to enable informed discussions with his office regarding sections they may not fully understand. FIMA brings together different laws to create a framework for overseeing and regulating financial intermediaries, pension funds, insurers, and other non-banking financial institutions.

September 2, 2024 54

Business / Economics

FIMA’s Zamuee reacts to South Africa’s new retirement system

South Africa’s new two-pot retirement system is now officially operational, with administrators anticipating a significant influx of withdrawal requests from pension fund members. Dr. Manfred Zamuee, Chairperson of the Financial Institutions and Markets Act Technical Advisory Committee, has responded to the development, highlighting its implications. Public suggestions have also emerged advocating for Namibia to adopt a similar two-pot retirement system. Dr. Zamuee said that these suggestions, alongside other proposals and […]

September 2, 2024 71

Business / Economics

State of the Namibian Economy 2024 reveals lack of public sector reform

Economist Robin Sherbourne has stressed that good governance and well-crafted policies are more crucial for a country’s long-term economic success than natural resources or the size of its population. Speaking in his recent analysis, Sherbourne argued that the foundation of sustainable economic growth lies in the strength of a nation’s institutions and the effectiveness of its policies. In the same report titled "State of the Namibian Economy 2024," Sherbourne […]

September 2, 2024 51

Namibia

NAMFISA Reports N$1.24 Billion in Medical Aid Claims for Q1 2024

NAMFISA reveals that medical aid funds disbursed N$1.24 billion in claims during the first quarter of 2024, reflecting a 12% increase from the previous quarter but a 2.5% decrease year-on-year. Non-healthcare expenses decreased by 2.8% from the previous quarter but rose 3.7% annually, with administration costs remaining the highest contributor. The industry’s total assets grew by 4.1% quarter-on-quarter and 8.6% year-on-year to N$2.2 billion, while liabilities fell by 4.1% from […]

August 30, 2024 20