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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic Growth

104 Results / Page 11 of 12

Background
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Namibia

Iipumbu commends Germany for supporting the growth of small enterprises

  The Ministry of Industrialisation and Trade has received equipment worth N.dollars 3.5 million from the German government through its development and cooperation agency, GIZ, aimed at supporting small business activities. These include eight vehicles and industrial machinery, including an industrial rotary cutter, dye sublimation printer, industrial iron and 3D printers. The donation also included laptops, printers, office chairs, laser printers and colour printers. Industrialisation and trade minister, Lucia Iipumbu, […]

todayDecember 14, 2023 14

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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 8

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Africa

Unlocking Prosperity: The 2024 RegTech Africa Conference set to redefine data governance for growth

The anticipation builds as the third annual RegTech Africa Conference is set to once again bring together industry leaders, regulators, policymakers, and key stakeholders in the 2024 edition scheduled for the 23rd and 24th of May in Lagos - Nigeria. With a focus on "Harnessing Partnerships for Africa's Prosperity – Bridging the Data Trust Gap," this hybrid event transcends the traditional conference experience, promising a profound exploration of the role […]

todayDecember 12, 2023 9

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Local

The Namibian financial system remains stable, sound, and resilient amidst a challenging global and domestic economic environment

  The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its second and last meeting of the year on the 07th of December 2023, to assess potential risks and vulnerabilities in the Namibian Financial System. Following a comprehensive assessment of domestic and global economic conditions, the Committee deemed the domestic financial system as stable, sound, and resilient. This is despite increasing risks and vulnerabilities stemming from […]

todayDecember 12, 2023 7

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Business / Economics

SMEs are key to fighting unemployment and enhancing economic growth

By Josef Kefas Sheehama SMEs play a crucial role in Namibia’s economic growth and development, especially when it comes to the creation of jobs which remains a significant problem across the country. The significance of the SME sectors in Namibia cannot be ignored as they provide livelihoods and incomes for a large population of the country, most of whom are self-employed of which more than half are women. The SME sector […]

todayDecember 6, 2023 12

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Namibia

Namibia harnessing power of renewable energy: Geingob

President Hage Geingob on Saturday said Namibia is harnessing the power of renewable energy to propel a new era of economic growth that is both environmentally conscious and socially inclusive. Geingob made the pledge at the Global Renewables and Energy Efficiency Pledge during COP28 in Dubai in the United Arab Emirates (UAE), saying Namibia is positioning itself as a hub for renewable energy innovation, driving green industrialisation that creates jobs, […]

todayDecember 4, 2023 16

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Business / Economics

Namibia Grape Company partners with Capespan for exports

Namibia has commissioned the export of its first-ever shipment of homegrown table grapes to European countries through the port of Walvis Bay on Wednesday. According to the Namibia Press Agency, the 250-container consignment from Aussenkehr was made possible through a partnership between Namibia Grape Company, a National Youth Service subsidiary, and Capespan. Minister of Youth and Sports Agnes Tjongarero referred to the deal as a significant milestone for economic growth […]

todayNovember 30, 2023 55

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Business / Economics

Namibia exports first-ever grapes consignment via Namport

Namibia has commissioned the export of its first-ever shipment of homegrown table grapes to European countries through the port of Walvis Bay on Wednesday. The consignment which consists of 250 containers of grapes produced in Aussenkehr was made possible by the producers, the Namibia Grape Company (NGC), a subsidiary of the National Youth Service (NYS), through its partnership with Capespan Namibia. In 2021, the NYS officially gained ownership of the […]

todayNovember 30, 2023 21

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Africa

Zimbabwe emerges as global leader in blueberry exports

In a noteworthy development, Zimbabwe is making strides in reclaiming its status as Africa's breadbasket, with a recent report by East Fruit Analyst highlighting a remarkable increase in blueberry exports. Contrary to prevailing challenges, this positive trend shows a potential economic turnaround for the country. According to the East Fruit Analyst report, Zimbabwe has outpaced global competitors in blueberry exports, experiencing an impressive 63% annual growth over the past five […]

todayNovember 28, 2023 18

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