Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

Opinion Piece, By Josef Kefas Sheehama Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […]

March 26, 2024 24

Business / Economics

Private trains to ply South African rail network in commercial revamp

By Seth Onyango, bird story agency South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a key component of its transport and logistics infrastructure. It is part of the state-run logistics firm, Transnet SOC Ltd to inject dynamism into the sector, plagued by inefficiencies and maintenance challenges. On Friday, March 15, Transnet published a document laying the groundwork for […]

March 18, 2024 20

Namibia

President Mbumba prioritises legacy projects in first SONA

President Nangolo Mbumba delivered the State of the Nation Address at Parliament this afternoon. It marked Mbumba's inaugural SONA, focusing on job creation and advancing late President Hage Geingob’s legacy projects, such as green hydrogen and oil initiatives.

March 14, 2024 55

Business / Economics

Economic inclusion of people with disabilities cornerstone for Economic growth

By Josef Kefas Sheehama It is indeed regrettable that people with disabilities continue to face exclusion from the economy. We are excluded from employment, skills training, education, and other critical areas of development. The latest reports indicated that 95% of people who have disabilities in the Kunene region are unemployed, while in the Khomas region, it is nearly 70% according to the Namibia Association for Wheelchair Users. […]

March 13, 2024 14

Uncategorized

Small-Scale mining boosts economic diversification

Namibia is striving to improve its competitiveness within the Southern African Development Community by prioritising industrialisation in its National Development Plans towards Vision 2030. Small-scale mining plays a pivotal role in supporting livelihoods, reducing poverty, and fostering entrepreneurship, particularly in rural areas with large gemstone deposits. Ministry of Industrialisation and Trade spokesperson Elijah Mukubonda explains.

March 11, 2024 34

Africa

Special Economic Zones are propelling Africa’s green hydrogen drive

By Bonface Orucho, bird story agency When Egypt, a prominent player in green hydrogen development in Africa, recently announced seven new upcoming projects worth US$40 billion to be rolled out over the next decade, it noted that the projects would be positioned in one location: a special economic zone (SEZ). The new projects announced by Egypt's cabinet in February, together with ongoing developments not only in […]

March 11, 2024 37

Business / Economics

Development economist says SA’s budget lacks political will

With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […]

February 22, 2024 17

Business / Economics

Japan and the United Kingdom enter recession

Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development.

February 19, 2024 16

Africa

Uganda revamps oil imports

Uganda is seeking to revamp its oil import procedures by shifting to Tanzania as its primary import hub. As it stands Ugandan fuel companies acquire 90 percent of their supplies through Kenyan companies. Daniel Kijo reports from Dar es Salaam.

February 19, 2024 35