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

GDP

30 Results / Page 1 of 4

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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 8

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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 24

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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 27

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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 13

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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 49

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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 5

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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 9

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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 20

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