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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

GDP

32 Results / Page 1 of 4

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Business / Economics

Global demand and drought impact GDP

The Bank of Namibia has released the Economic Outlook update for December 2024. The domestic economy is estimated to expand by 3.5 percent in 2024 and 4.0 percent in 2025. However, GDP growth is expected to slow in 2024 due to weaker global demand for minerals and drought-related impacts. Here is Josefina Oskar from the Bank of Namibia.  

todayDecember 2, 2024 10

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Africa

Zimbabwe Seeks to Restructure $12.7B Debt

  Zimbabwe's president met with creditors and finance executives to discuss clearing debt arrears and restructuring $12.7 billion in external debt reports Reuters. The country aims to access international capital markets for the first time in over two decades, despite its debt accounting for 81% of GDP and a history of financial crises.

todayNovember 26, 2024 3

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Business / Economics

25 September Morning Biz News: Global Markets Surge Amid China’s Stimulus, While Namibia’s Economic Growth Slows to 3.5% in Q2

  Namibia's Economic Growth: The economy expanded by 3.5% year-on-year in Q2 2024, a slowdown from the 4.3% recorded in Q1 and slightly lower than the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since the Q1 2021 contraction. For Q2, nominal GDP reached N$59.5 billion, with real GDP standing at N$39.1 billion. Safaricom Raises $116.73 Million: Kenya's largest telecom operator, Safaricom, raised $116.73 million through […]

todaySeptember 25, 2024 13

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Business / Economics

Namibia Statistics Agency records slow economic activity in Q2

The Namibia Statistics Agency has released the official GDP figures for the second quarter of 2024, covering economic activity from April to June. The economy grew slowly, with secondary industries showing only 1.5 percent growth compared to 7.1 percent in the same quarter of 2023. This slow growth was evident in the "Electricity and Water" sector, which grew by 4.1 percent, and the Manufacturing sector, which grew by just 0.6 […]

todaySeptember 19, 2024 32

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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 29

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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 14

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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 58

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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 7

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