Economic Growth

Government and US African Development Foundation to launch grant programme

The Ministry of Industrialisation and Trade and the United States African Development Foundation signed an MoU at the US-Africa Leader’s Summit. Minister Lucia Iipumbu and USADF President Travis Adkins will launch the MASP in Windhoek this Thursday, according to Ministry spokesperson Elijah Mukubonda.

28 August, 2024

Business / Economics

Enhancing Quality of Service within the Postal Sector in Namibia

By Progress Enkali The Communications Regulatory Authority of Namibia (CRAN) regulates postal services in Namibia, designating Namibia Post Limited (NamPost) as the National Postal Service Operator in Namibia. CRAN oversees the implementation of the license conditions subject to the Designated Postal Operator license issued to NamPost in terms of 96 (2) of the Communications Act (No. 8 0f 2009). CRAN aims to improve the efficiency, reliability, and accessibility of postal […]

15 August, 2024

Opinion Pieces

Assessing opportunities and drawbacks, building nuclear power plant reactor to meet Namibia’s electricity needs

Opinion Piece Josef Kefas Sheehama Energy security demands a reduction in reliance on imported fossil fuels as everyone braces for the potential of an impending energy apocalypse. Namibia must prioritize building a nuclear power plant reactor if it wants to surpass its current position and become a leader in energy self-sufficiency. The most cost-effective way for Namibia to boost energy security and resilience while diversifying its sources of electricity […]

8 August, 2024

Africa

AAMFI welcomes AU Ministers’ Decisions on African Multilateral Financial Institutions’ Preferred Creditor Status

The Alliance of African Multilateral Financial Institutions (AAMFI) held the third meeting of its Governing Council on the margins of the African Union Mid-Year Coordination Meeting, held in Accra, Ghana, during which it welcomed the endorsement of the Alliance by the African Union (AU) Ministers of Finance and Central Bank Governors at their 7th Ordinary Session of the African Union Specialized Technical Committee (STC) on Finance, Monetary […]

31 July, 2024

Africa

Biden Administration supports AGOA re-authorisation

The Biden administration is supporting the early extension of the African Growth and Opportunity Act, allowing over 30 sub-Saharan African countries to maintain duty-free access to the U.S. market. Joy Basu, the Deputy Assistant Secretary of State in the Bureau of African Affairs, confirmed this during a press briefing, saying the United States supports an early re-authorization before AGOA expires in September 2025. Since its enactment in 2000, the […]

30 July, 2024

South Africa

South Africa is changing its retirement rules to help boost country savings: how it will work

By Adrian Saville, University of Pretoria A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households - in other words you and me - are one of the most important contributors to a country’s overall level of savings rate. Yet, […]

29 July, 2024

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 […]

9 July, 2024

World

New UK finance minister vows to power economy

New UK finance minister Rachel Reeves vowed Monday to immediately "fix the foundations" of Britain's economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK's first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there was "no time to waste" on reversing "the legacy of fourteen years […]

8 July, 2024

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 […]

3 July, 2024