Economic Growth

South Africa’s new cabinet draws mixed reactions

Following South African President Cyril Ramaphosa’s announcement of his new cabinet, which consists of the eleven political parties that are part of the government of national unity, we reached out to South African-based political analyst Professor Ntsikelelo Breakfast for comment. Ramaphosa has added two ministries to his cabinet and announced 32 ministers. The Democratic Alliance has been allocated six ministerial posts, with its leader John Steenhuisen appointed Agriculture Minister. Ramaphosa says […]

1 July, 2024

Business / Economics

Finance Minister says trade fairs play important role in community development

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, has highlighted the role of trade fairs and expos as platforms fostering meaningful interactions between businesses and communities, ultimately enhancing their daily lives. Speaking at the 14th edition of the Eenhana Expo fundraising gala dinner held on Saturday, Shiimi underscored that these events are not merely gatherings but dynamic forums where innovative ideas are exchanged, partnerships are forged, and solutions are […]

24 June, 2024

Business / Economics

Primary industries drive Namibia’s Q1 GDP growth

The Namibia Statistics Agency has released Q1 GDP numbers, showing a 4.7% expansion compared to 5.3% in Q1 of 2023. Year-on-year GDP in real terms rose to N$38.9 billion from N$37.2 billion, reflecting a N$1.7 billion increase. Statistician-General Alex Shimuafeni attributes the growth mainly to a 5.1% increase in real value added in the Primary industries sector.

20 June, 2024

Local

Airbus releases its latest study identifying key unserved routes to boost air travel in Africa

Global aerospace and aviation leader Airbus has released an analysis detailing several key unserved African routes which could provide greater connectivity for travellers, drive economic growth in local economies, and provide a significant boost in revenue for airlines. The company also highlighted data on Africa from its latest Global Market Forecast (GMF). Several of the top unserved routes identified in the analysis are concentrated in cities such as Lagos, Cape Town, Nairobi, Dakar, and Douala. […]

20 June, 2024

Africa

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

By Pritish Behuria, University of Manchester Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the country’s economic growth has depended heavily on its offshore sector – the provision of financial services by banks to foreign firms. As an isolated country located in the south-western Indian Ocean, Mauritius has […]

18 June, 2024

Africa

African countries could unlock billions in local and global trade – what’s working and what’s not

By Bedassa Tadesse, University of Minnesota Duluth Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty. Aid for Trade is a development initiative that seeks to remove barriers to trade […]

11 June, 2024

Business / Economics

Old Mutual Foundation avails N$800 000 in seed capital funding for grassroots entrepreneurship

The Old Mutual Foundation, in partnership with Basecamp and the Financial Literacy Initiative (FLI), has announced the 40 shortlisted candidates for the OM SEED Entrepreneurship Programme. This initiative aims to foster entrepreneurship, accelerate economic growth, and address the Sustainable Development Goals (SDGs) in Namibia. This year, the program focuses on entrepreneurs in the Ohangwena, Oshikoto, Zambezi, and Kavango West regions. By 2025, OM SEED will have reached […]

10 June, 2024

Namibia

Namibia’s Rating Upgraded: Importance for the Country and Its People

By Josef Kefas Sheehama Periodically, the Namibian government establishes policies to address the unstable state of the economy. Encouraging economic growth requires policymakers to put in place measures that support investment, innovation, and entrepreneurship. Therefore, the government can assist in fostering an environment that is conducive to business and promotes employment and economic growth. As an Independent Economic and Business Researcher, I therefore wholeheartedly commend the […]

6 June, 2024

World

Modi’s narrow win suggests Indian voters saw through religious rhetoric, opting instead to curtail his political power

Supporters of the ruling Bharatiya Janata Party dance at a party office in Guwahati, India, during counting of India’s national election on June 4, 2024. AP Photo/Anupam Nath By Sumit Ganguly, Indiana University India’s ruling Bharatiya Janata Party, or BJP, had hoped for a landslide victory in the country’s six-week general election – the largest display of democracy, by far, in a year of voting around the […]

5 June, 2024