Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
The EIB Global and Moza Banco initiative, as part of the EU’s Global Gateway strategy, will offer financing for small and medium-sized businesses in Mozambique, with a focus on businesses owned or run by women. Women are less likely to be able to access appropriate finance for their business, and the EIB-Moza Banco facility will address that financing gap. The project will support economic growth, […]
With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […]
African Trade & Investment Development Insurance, ATIDI, announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent Power Producer (IPP). ATIDI will support the project via its Regional Liquidity Support Facility (RLSF) by providing payment guarantees for the benefit of the project on behalf of the Ugandan national power utility, Uganda Electricity Transmission Company Limited (UETCL). The partnership was announced in a signing […]
By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […]
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, […]
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 […]
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 […]
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 […]
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 […]
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