insert_link Namibia New Institute Aims to Maximise Resource Potential Economists and policy specialists have established the Institute for Economic Policy to tackle policy gaps that limit the impact of natural resources. Rowland Brown, a co-founder, told us that although resources and infrastructure are plentiful, they have so far failed to produce significant human development outcomes. today8 December, 2025
insert_link Business / Economics Report Targets Growth in Informal Economy A new report launched in Windhoek aims to enhance understanding of the informal economy and support inclusive growth. The Diagnostic Report on Informality, developed by the Bank of Namibia with government ministries and the UN, highlights key challenges and policy solutions for a sector that sustains most citizens, particularly women and youth. Dr Michael Humavindu is the Chairperson of the National Working Group on Informality and Executive Director in the […] today12 November, 2025
insert_link Business / Economics Shafudah Announces Spending Adjustments in Mid-Term Budget Review Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen: today22 October, 2025
insert_link World Nobel Prize in economics awarded to trio (Photo: REUTERS) Three economists, Mokyr, Philippe Aghion, and Peter Howitt, have been awarded the 2025 Nobel Prize in Economic Sciences for their pioneering research on how innovation and the process of “creative destruction” fuel long-term economic growth and raise living standards around the world. Announced in Stockholm on Monday, the award, which was formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, caps this […] today14 October, 2025
insert_link Business / Economics Finance Ministry Explores Innovative Approaches to Social Welfare The Ministry of Finance is exploring new ways to support vulnerable households beyond traditional cash grants, Finance Executive Director Dr. Michael Humavindu has revealed. The social welfare program currently supports pensioners, children, foster families, people with disabilities, and poorer households through grants, including a $690 per month conditional basic income grant. However, a recent reclassification by the World Bank showed that the poverty rate has risen from 18% to 22% […] today28 August, 2025
insert_link Business / Economics Jobless Rate Surge Poses Tax Threat A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. today14 July, 2025
insert_link Business / Economics Interview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
insert_link Namibia Youth unemployment crisis draws national attention as MP calls for action Swapo MP Emma Muteko has raised alarm over the escalating youth unemployment crisis, particularly in the Kavango East and Omusati regions, calling for an urgent investigation into the root causes affecting young people aged 15 to 24. Speaking during a session of the National Council, Muteko expressed concern about the persistent lack of opportunities for the country’s youth and urged the government to clarify what is driving the regional disparities […] today21 May, 2025
insert_link Business / Economics Interview: Business Researcher Josef Sheehama on Beneficiation and External Loans: A Strategic Outlook for Namibia’s Economic Future IntroductionIn a recent interview, business researcher Josef Sheehama offered a comprehensive view of Namibia’s economic strategy, emphasizing the dual importance of beneficiation and external loan management. His vision for Namibia's economic independence hinges on industrialization, foreign direct investment (FDI), and leveraging natural resources to reduce dependency on external debt. 1. Namibia’s Vision 2030: Charting a Path to Industrialization Sheehama emphasizes that Vision 2030 is more than a governmental slogan—it […] today12 May, 2025
