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Agriculture

76 Results / Page 1 of 9

Background

Business / Economics

IMF projects Namibia’s GDP growth to slow to 3.6% in 2024

The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture.

todayJuly 17, 2024 7

Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

todayJuly 11, 2024 4

Africa

South Africa’s new agricultural leadership should focus on getting things done, not designing new policies

      By Wandile Sihlobo, Stellenbosch University   South Africa’s primary agriculture sector accounts for nearly 3% of GDP and about 8% when considering the value of agro-processing. But it can contribute even more to economic growth that delivers benefits fairly across society and creates jobs. This can’t happen, however, if new policies and plans keep getting introduced. Fortunately, the views of the new agricultural minister, John Steenhuisen, may […]

todayJuly 3, 2024 20

Namibia

Government Expands Water Supply with N$250 Million Ohangwena II Aquifer Project

Agriculture, Water and Land Reform minister, Carl Herman Gustav Schlettwein, announced the launch of the Ohangwena II Wellfield Water Supply Schemes, funded by a N$250 million initiative under the African Development Bank’s Namibia Water Sector Support Programme. The project aims to enhance water infrastructure in northern Namibia, ensuring reliable access to safe drinking water for areas between Omafo-Eenhana and Omakango-Onambutu-Eenhana. This initiative forms part of Namibia's broader efforts to address […]

todayJuly 1, 2024 18

Namibia

Namibia faces worst drought in decade

The Kamanjab Constituency is facing severe drought, leading local leaders to seek national assistance. Councillor Niko Somaeb told the Namibia Press Agency the area has experienced over 80% livestock loss due to the decade-long drought, which is the worst on record. Despite ongoing food aid efforts supporting 2,080 households, Somaeb stressed the need for additional support to sustain remaining livestock and address food insecurity.

todayJune 24, 2024 16

World

China launches anti-dumping probe into EU pork imports

        By Oliver HOTHAM and Matthew WALSH   China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest step in a mounting trade stand-off between the bloc and its largest economic partner. Pork is China's most popular meat and a staple of diets in the world's second most populous nation. Imports of pork and pork by-products from EU nations […]

todayJune 17, 2024 10

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