insert_link Business / Economics Economic Growth Slows As Inflation Declines According To BoN Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November. todayDecember 18, 2024 14
insert_link South Africa Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction S.A Union Cosatu says it is disheartening that the country’s gross domestic product has contracted by 0.3-percent in the third quarter compared to the second quarter. Statistics South Africa said the leading contributors to the decline were agriculture, transport, and communications. Cosatu’s, Zanele Sabela, says for a brief period, it appeared as if things were improving when expanded unemployment fell by 0.7-percent, and inflation dropped to 2.8-percent: todayDecember 4, 2024 7
insert_link Opinion Pieces Namibia Needs a Different Approach to Change the Structural Economy Opinion Piece By Josef sheehama To attain V2030, Namibia will need to adopt structural reforms that will increase economic growth, facilitate more labor-intensive growth by opening up the labor market, and address an expensive and generally ineffective system of education, training, and skills. The government should support businesses in the manufacturing, construction, and agriculture sectors among others, paying attention to both the educated and the uneducated. As a […] todayJuly 9, 2024 19
insert_link Local Botswana President Masisi to Officiate at SWAiTEX 2024 The 9th edition of the NCCI Swakopmund International Trade Expo (SWAiTEX) kicks off on the 1 st to the 6 th of July 2024 at the Vineta Sports stadium in Swakopmund. The event’s Official ceremony scheduled for the 3rd of July 2024 will be attended by H.E. Dr. Nangolo Mbumba, the President of the Republic of Namibia and H.E. Dr. Makgweetsi E.K. Masisi, the President of […] todayJune 26, 2024 78