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

Global Demand

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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

Africa’s battery manufacturing activity is charging ahead

  By Bonface Orucho, via bird story agency Africa is leading a homegrown revolution in battery manufacturing, leveraging its abundant green mineral resources and clean energy to feed surging global demand for clean, green, renewable energy storage. Strategic partnerships between countries and investment partners are gaining momentum, aiming to transform the continent, currently a net importer of batteries, into a self-sufficient region capable of meeting the growing battery storage demand […]

todayJanuary 31, 2024 43

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Africa

Botswana and DeBeers sign $1 billion deal

Botswana and De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume. The Debswana Diamond Company's board said it has given the go-ahead to works that are to extend the life of the Jwaneng mine turning it from an open-pit site to an underground operation. About 70% of profits for Debswana come from Jwaneng. Here is the Deputy Minister of Mines and […]

todayJanuary 11, 2024 34

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Press Releases

Rwanda and European Investment Bank agree new Critical Raw Materials investment partnership

              Rwandan President Kagame and European Commission President von der Leyen witness agreement Rwanda first country in Africa to partner with EIB to unlock critical raw materials investment New cooperation will strengthen cooperation to identify investment opportunities, scale up investment in critical raw material supply chain and increase recycling Rwanda and the European Investment Bank (EIB) today signed a Joint Declaration enabling a strategic […]

todayDecember 19, 2023 8

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