Diamond industry growing, despite new industry players

Diamond industry growing, despite new industry players

https://youtu.be/F8LsNudVJcY By Josia Shigwedha, via News on One With emerging industries in the energy sector such as oil and gas, the diamond industry’s position as a key contributor towards the growth of the sector and economy could be at stake. But this may not be the case as the Namibia Diamond Trading Company (NDTC) Chief Executive Officer, Brent Eiseb, stated that the intake of the precious gemstones for […]

April 24, 2024 27

Africa

South Africa’s conservation model: why expanding the use of biodiversity to generate money is a good idea

By Hayley Clements, Stellenbosch University; Alta De Vos, Stellenbosch University, and Matthew Child, University of Pretoria South Africa’s government is calling for public comments on an updated version of its existing biodiversity economy plan. The National Biodiversity Economy Strategy aims to conserve biodiversity while also contributing to job creation and economic growth. It proposes to do this by promoting sustainable use of the country’s natural resources. The strategy […]

April 8, 2024 23

Entertainment

South Africa’s conservation model: why expanding the use of biodiversity to generate money is a good idea

By Hayley Clements, Stellenbosch University; Alta De Vos, Stellenbosch University, and Matthew Child, University of Pretoria South Africa’s government is calling for public comments on an updated version of its existing biodiversity economy plan. The National Biodiversity Economy Strategy aims to conserve biodiversity while also contributing to job creation and economic growth. It proposes to do this by promoting sustainable use of the country’s natural resources. The […]

April 5, 2024 17

Local

NBL announces half year financial results for 2023

Namibia Breweries Limited (NBL) today announced the summarized consolidated financial results for the 6 months which ended December 2023. As a proudly Namibian business that is vested in growing the country’s economy for the past 103 years, NBL’s first half financial results show that it is geared towards evolving as a future-fit business during tough economic times. Socio-economic conditions remained challenging, and income disparity increased. NBL’s dominant position in […]

April 5, 2024 17

Business / Economics

Namibia’s economy slows but tertiary sectors improve

Namibia’s domestic economy slowed to record a growth of 4.2% in 2023, relative to a growth of 5.3% recorded in 2022, according to national accounts figures released by the Namibia Statistics Agency on Tuesday. The Primary and Secondary industries registered growth rates of 9.7% and 2%, respectively, compared to growth rates of 13.7% and 3.4% in the previous year. According to NSA data, the tertiary industries posted an increase of […]

March 27, 2024 43

Business / Economics

Sri Lanka cuts key interest rates, seeks China deal

Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told […]

March 26, 2024 28

World

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

By Robert Huish, Dalhousie University There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 per cent in 2024. Nearly six per cent of Russia’s gross domestic product goes towards military spending. At a time when Ukrainian President Volodymyr Zelenskyy is scrambling to acquire arms, funds and […]

March 19, 2024 10

Africa

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

By Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

March 14, 2024 27

Business / Economics

Economic inclusion of people with disabilities cornerstone for Economic growth

By Josef Kefas Sheehama It is indeed regrettable that people with disabilities continue to face exclusion from the economy. We are excluded from employment, skills training, education, and other critical areas of development. The latest reports indicated that 95% of people who have disabilities in the Kunene region are unemployed, while in the Khomas region, it is nearly 70% according to the Namibia Association for Wheelchair Users. […]

March 13, 2024 15