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

Gross Domestic Product

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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 16

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Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

todaySeptember 19, 2024 50

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Africa

Malawi farming experiment shows how simple changes can boost maize yields and improve soil

    By Alan Dixon, University of Worcester     Malawi’s increasingly unpredictable rainfall and higher than usual temperatures are causing problems for smallholder farmers. Soil erosion has increased, causing soil fertility and water availability to decline. Crops often fail. Farmers are already struggling financially. Many farm only one crop: maize. They can’t easily afford chemical fertilisers that would boost the soil’s fertility and sustain yields. Agriculture accounts for just […]

todayJune 13, 2024 32

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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 27

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Africa

Ghana’s new vehicle tax aims to tackle pollution – expert unpacks how it’ll work and suggests reforms

      By Theophilus Acheampong, University of Aberdeen   Ghana has introduced an annual carbon levy on vehicles and industrial emissions. It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius. The tax is intended to address harm associated with vehicle emissions. But it has prompted a pushback from various citizens, civic and consumer groups. The Conversation Africa’s Godfred Akoto Boafo spoke […]

todayFebruary 16, 2024 26

World

NATO showcases spending hikes in riposte to Trump

  By Max DELANY Brussels, Feb 14, 2024 (AFP) - NATO chief Jens Stoltenberg said Wednesday 18 of the alliance's 31 countries are set to hit its defence spending target this year, after Donald Trump threatened to encourage Russia to attack members not coughing up enough. The Republican White House frontrunner was widely rebuked after saying he would not defend NATO members who had not met their financial obligations, in […]

todayFebruary 14, 2024 6

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World

US GDP grows but voters remain dissatisfied at economy

The US economy grew 4.9% last quarter, new figures show — that's lower than recent estimates, but still the fastest pace of expansion since the fourth quarter of 2021. The Bureau of Economic Analysis said the rise "reflected increases in consumer and government spending." From Washington, Benji Hyer reports.  

todayDecember 22, 2023 6

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