Economic Growth

Green Hydrogen programme attracts N$3.6 billion in investment

The Namibia Green Hydrogen Programme has taken a significant leap from concept to implementation, securing N$3.6 billion in investments. Of this, N$1.6 billion has already been injected into the economy, signaling promising growth prospects for the nation. Speaking on the progress, spokesperson Jona Musheko highlighted the programme's commitment to local empowerment and skills development. He noted that “High Iron Oshivela has installed 42,000 solar panels, with the work being carried […]

17 December, 2024

Business / Economics

S.A’s Ramaphosa Urges Stronger Trade and Investment with Angola

S.A President Cyril Ramaphosa has called for stronger trade and investment ties between South Africa and Angola. Speaking during the state visit of Angolan president João Lourenço, Ramaphosa said both countries must explore new economic opportunities beyond the oil sector, particularly in areas such as infrastructure, agriculture, and renewable energy:

13 December, 2024

South Africa

FNB S.A Economist Predicts Moderate Growth for Mining Sector

FNB South Africa economist Thanda Sithole says growth in the mining sector in the near term is expected to remain moderate, due to a subdued external demand environment. Mining production rose 1.4-percent year on year in October, after an upwardly revised 4.9-percent jump in September, marking the third consecutive month of growth in mining activity. Sithole says the modest increase in mining production was broad-based, with growth recorded in seven […]

11 December, 2024

Africa

World Bank Cuts Kenya’s Growth Forecast to 4.7%

CNBCAfrica says the World Bank on revised Kenya’s 2024 economic growth projection down to 4.7% from an earlier estimate of 5.0%, attributing the downgrade to the effects of floods, anti-government protests, and sluggish fiscal reforms on Tuesday. Despite progress in stabilizing the exchange rate, increasing central bank reserves, and reducing inflation, Kenya remains at a high risk of debt distress, according to the bank's latest report.

11 December, 2024

Opinion Pieces

Namibia Economic Performance under H.E. Dr. Netumbo Nandi-Ndaitwah

Josef Kefas Sheehama As an independent economic and business researcher and board member of the African Council on Foreign Relations, I would like to celebrate Namibian history by extending my heartfelt congratulations to H.E. Dr. Netumbo Nandi-Ndaitwah, Namibia's first female president-in-waiting and therefore first female president of the Southern African Development Community (SADC). One must be familiar with Iceland's first female president, Vigdís Finnbogadottir, who was elected in 1980. […]

11 December, 2024

South Africa

South Africa’s manufacturing production rose by 0.8-percent in October

South Africa's manufacturing production rose by 0.8-percent in October, with the biggest growth in the petroleum, chemicals, and food sectors. However, the motor vehicle sector dropped by 16.6-percent. Statistics South Africa’s Nicolai Claassen says manufacturing sales went up by 2.3-percent from September, but fell by 1.2-percent over the last three months:

11 December, 2024

South Africa

South Africa’s President calls for unified efforts to boost the economy

South Africa's President Cyril Ramaphosa called for unified efforts across all levels of government to boost the economy. In his address to Mpumalanga's provincial executive, he emphasised the importance of cooperation, collaboration, and effective planning to drive inclusive economic growth. Ramaphosa says aligning strategies and collaborating will promote inclusive growth, create jobs, and ensure economic benefits reach all South Africans:

11 December, 2024

Business / Economics

EU Delegation Hosts Trade and Investment Workshop

The EU Delegation to Namibia held a workshop discussing EU-Namibia trade relations, presenting key findings from a study by economist Robin Sherbourne. The study showed the EU was Namibia's top foreign investor in 2023, contributing N$12.7 billion, with a diversified export mix including renewable energy projects. Ana Beatriz Martins is the EU Ambassador to Namibia: According to Salomo Hei, Managing Director of High Economic Intelligence, more funding should be directed […]

5 December, 2024

South Africa

In S.A, ANC Highlights Tripartite Alliance’s Role in Transformation

In S.A, the ANC has stressed the importance of the tripartite alliance in accelerating transformation in providing basic services and economic growth. The party and the SACP had a bilateral meeting at Luthuli House yesterday. Next month, The SACP will review its decades-long relationship with the ANC at its fifth special national congress, over concerns that the partnership has undermined its political independence and diluted its influence. ANC […]

25 November, 2024