insert_link Africa South Africa’s new agricultural leadership should focus on getting things done, not designing new policies By Wandile Sihlobo, Stellenbosch University South Africa’s primary agriculture sector accounts for nearly 3% of GDP and about 8% when considering the value of agro-processing. But it can contribute even more to economic growth that delivers benefits fairly across society and creates jobs. This can’t happen, however, if new policies and plans keep getting introduced. Fortunately, the views of the new agricultural minister, John Steenhuisen, may […] todayJuly 3, 2024 18
insert_link Africa What’s next after Kenya’s deadly protests? By Rose TROUP BUCHANAN, Simon VALMARY After an unprecedented day of chaos and deadly violence, Kenya finds itself plunged into uncertainty on Wednesday, with lawmakers due to vote this week on deeply unpopular tax hikes that have sparked widespread protests. How did East Africa's economic powerhouse get to this point and what happens now? Tuesday's national strike against proposed tax hikes began peacefully, with […] todayJune 26, 2024 7
insert_link Business / Economics Primary industries drive Namibia’s Q1 GDP growth The Namibia Statistics Agency has released Q1 GDP numbers, showing a 4.7% expansion compared to 5.3% in Q1 of 2023. Year-on-year GDP in real terms rose to N$38.9 billion from N$37.2 billion, reflecting a N$1.7 billion increase. Statistician-General Alex Shimuafeni attributes the growth mainly to a 5.1% increase in real value added in the Primary industries sector. todayJune 20, 2024 22
insert_link Local Partnering for prosperity: Nedbank Namibia’s commitment to strengthening Namibia’s agriculture sector Namibia's agricultural sector is a cornerstone of its economy, yet it faces a myriad of challenges that threaten its sustainability and growth. Agriculture contributes over 8% to Namibia’s gross domestic product (GDP), with about 70% of the population dependent on it for income and food security. Additionally, agriculture is the largest employer in the country, accounting for over a fifth of the local workforce. Despite its economic significance, the […] todayJune 10, 2024 3
insert_link Local Small businesses big impact: Boosting SMEs to drive economic growth In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40 000 SMEs in Namibia, supporting the livelihoods of more than 200 000 people and contributing approximately […] todayMay 28, 2024 8
insert_link Business / Economics 26 April 2024 Morning Biz News: Economic Insights: Tourism Boost, Corporate Deals, Regulatory Clarity, and Currency Trends By Leonard Witbeen Tourism Sector Vitality: Namibia's tourism sector emerges as a cornerstone of economic vitality, with direct contributions amounting to 6.9% of the GDP, totaling N$14.3 billion. The recently released 2022 Namibia Tourist Satellite Account Report sheds light on the sector's robustness, revealing its employment of 57,277 individuals, constituting 7.9% of the country's total workforce. Corporate Merger Scrutiny: South Africa's government closely examines BHP Group's proposed acquisition of Anglo […] todayApril 26, 2024 18
insert_link World UK calls for increased Nato spending Britain's Defence Secretary has said that NATO countries should increase defence spending to match the UK's new commitment. It comes after Prime Minister Rishi Sunak announced the UK's pledge to ramp up defence spending to 2.5% of GDP. Simon Gaitán reports. todayApril 24, 2024 11
insert_link Namibia 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 […] todayApril 24, 2024 14
Africa Zambia’s arts and creative sector is thriving By Bonface Orucho, bird story agency Zambia’s recent unveiling of a National Arts and Revised Film Policy is evidence of the growing interest in increasing investment and fostering the growth of the arts and creative sector. Besides committing to invest close to US$100 million in the arts and film sector between 2024 and 2028, the policy commits to improving artists' welfare in a bid to promote talent by […] todayApril 8, 2024 4
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
