insert_link Business / Economics Hardap Governor Hails Entrepreneurs as Economic Backbone Hardap governor Salomon April has praised entrepreneurs for their vital role in driving Namibia’s economy. Speaking at a handover ceremony in Mariental on Tuesday, April highlighted the distribution of equipment to over 50 beneficiaries from the Hardap and //Kharas regions under the Ministry of Trade and Industrialisation’s Equipment Aid Scheme for MSMEs. Minister of Industrialisation and Trade, Lucia Iipumbu, encouraged entrepreneurs who have not yet participated to apply in the […] todayDecember 20, 2024 5
insert_link 2 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. […] todayDecember 11, 2024 7 2
insert_link Business / Economics Production sector experiences slight price decrease The Namibia Statistics Agency has released the Producer Price Index for the third quarter of 2024, showing a slight decrease in production prices both quarter on quarter and year on year. This suggests a small contraction in the overall production sector. NSA spokesperson Mirjam Shihepo has the details. todayNovember 21, 2024 29
insert_link Business / Economics Khomas region sees highest inflation at 4.2% The Namibia Statistics Agency has reported that the headline inflation for October was 3%. Among the zonal inflation rates, Zone 2 (Khomas region) recorded the highest at 4.2%. Spokesperson Mirjam Shihepo has more. todayNovember 7, 2024 21
insert_link Africa Zimbabwe adopts ZiG currency as sole legal tender Zimbabwe’s ruling party has passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US dollars. Bloomberg reports that under the country’s current laws, the US currency will remain legal tender until 2030. President Emmerson Mnangagwa has previously suggested this timeline may be brought forward. todayOctober 29, 2024 15
insert_link 2 Business / Economics Financial Intelligence Center updates progress to avoid greylisting Namibia has partially addressed nine of the thirteen recommended actions to avoid greylisting, as the Financial Intelligence Center reported during a recent plenary meeting. The country will enter a compulsory reporting phase from November 2024 to May 2026. Financial Intelligence Centre director, Bryan Eiseb. todayOctober 29, 2024 35 2
insert_link Business / Economics SA’s inflation drops to 3.8-percent South Africa's inflation rate fell to 3.8 percent last month, down from 4.4 percent in August, marking the lowest rate since early 2021 mainly due to lower transport costs as fuel prices dropped by nine percent from last year. Statistics South Africa’s Patrick Kelly. todayOctober 23, 2024 28
insert_link Business / Economics FlySafair launches first regional route between Cape Town and Windhoek FlySafair has officially launched its first regional route, connecting Cape Town, South Africa, to Windhoek. The new flights will operate twice a week, on Tuesdays and Saturdays, addressing growing demand on the route, which has yet to recover fully to its pre-COVID-19 passenger volumes which currently stand at 83%. The new route is expected to boost tourism and improve travel links between Namibia and South Africa. Namibia Airports Company Chairperson, […] todayOctober 23, 2024 27
insert_link Namibia Swapo promises 250,000 jobs for youth With Namibia facing high unemployment levels and political parties ramping up their campaign efforts to sway voters, the Swapo Party’s presidential candidate, Netumbo Nandi-Ndaitwah, has announced that the party has allocated over N$80 billion to create more than 250,000 jobs for unemployed youth in the country over the next five years. todayOctober 22, 2024 52