insert_link Local Agra annual general meeting highlights resilience amid challenges, records 22.8% increase in profit The Agra Annual General Meeting (AGM) was held on Friday, 24 November 2023 at the Agra/ Bank Windhoek Ring. The meeting was attended by Agra shareholders, the Agra Board of Directors and Management. Mr. Ryno van der Merwe, Chairman of the Board, acclaimed the past year as another remarkable financial success for the company. Mr. Van Der Merwe acknowledged the challenges faced particularly in production, the economy and the environment. […] todayNovember 27, 2023 13
insert_link Africa Africa’s GDPs Exit the Pandemic Era Second to None By Matthew A. Winkler via BizNews For all of Covid-19’s disruptions, one trend during the global pandemic presses on unabated. And that would be five of the world’s 10 fastest-growing economies continue to be based in Africa and at least several more on the continent over the next two years are poised to outperform the world. The coronavirus, if anything, accelerated the transition among Africa’s 54 countries to wireless, remotely engaged commerce […] todayNovember 1, 2023 4
insert_link Business / Economics Understanding the Financial Landscape of Namibia: Insights from the Old Mutual Financial Services Monitor In a time of economic uncertainty, Old Mutual Namibia remains committed to gaining a deeper understanding of the financial behaviours and attitudes of Namibians. Yesterday Old Mutual Namibia launched its Old Mutual Financial Services Monitor (OMFSM), an annual study, which offers invaluable insights by focusing on a key cohort in society, namely employed Namibians, who account for about 28% of the Namibian population, aged between 18 to 65 with an […] todayNovember 1, 2023 4
insert_link Opinion Pieces Mid-Term Budget Review: Never too late to reform By Josef Kefas Sheehama Namibian Finance Minister, Mr Iipumbu Shiimi, delivered his 2023/2024 Mid-Term Budget speech on 31 October 2023, taking note of the achievements, challenges, and performances of State-Owned Enterprise (SOE). The Mid-Term Budget Review plays a critical role in the entire budgetary process because it sets the tone for the fiscal framework for the next main budget. The budget is the most important economic instrument of government, as […] todayNovember 1, 2023 4
insert_link Opinion Pieces South Africa economy to slow down in 2023 before stabilizing in 2024, says GlobalData The South African economy is grappling with several challenges, including severe power disruptions, unstable commodity prices, a high unemployment rate, and external issues. Against this backdrop, South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% in 2023, before picking up to 1.3% in 2024, forecasts GlobalData, a leading data and analytics company. GlobalData’s recently published report, “Macroeconomic Outlook Report: South Africa,” underscores the ongoing concern of […] todayOctober 30, 2023 14
insert_link Opinion Pieces Say No To Tollgates By Josef Kefas Sheehama The proposal is questionable, coming at a time when people are facing undue hardship, including the high cost of living. As such, Namibians see themselves as being caught between the devil and the deep sea. The introduction of tollgates become another punishment for Namibia. The Road Fund Administration (RFA) anticipated a massive increase in revenues. This will translate to between N$500 million to N$750 million per […] todayApril 3, 2023 5
