Investment

EU Delegation Hosts Trade and Investment Workshop

The EU Delegation to Namibia held a workshop discussing EU-Namibia trade relations, presenting key findings from a study by economist Robin Sherbourne. The study showed the EU was Namibia's top foreign investor in 2023, contributing N$12.7 billion, with a diversified export mix including renewable energy projects. Ana Beatriz Martins is the EU Ambassador to Namibia: According to Salomo Hei, Managing Director of High Economic Intelligence, more funding should be directed […]

5 December, 2024

Business / Economics

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:

4 December, 2024

Namibia

Rehoboth Welcomes Ronald Windswaai as New CEO

Ronald Robert Windswaai has been appointed as the new CEO of Rehoboth Town Council. With over 28 years of experience in local government, he began his career with the council in 2011 and returned in 2022 as HR Manager after serving as CEO of Aranos Town Council. Windwaai holds several qualifications, including a Bachelor’s degree in Business Administration, and is currently pursuing a Master’s degree. His leadership aims to transform […]

26 November, 2024

Africa

Zambia calls for regional action to address energy shortage

Speaking at the 30th session of the Intergovernmental Committee of Senior Officials and Experts for Southern Africa, held in Livingston, Zambia this week, the country’s Energy Secretary, Peter Mumba, called for urgent action to resolve the energy deficit facing the region. With nearly half of Southern Africa’s population lacking access to electricity, Mumba stressed the importance of regional collaboration to tackle the energy crisis and climate change, while addressing the […]

21 November, 2024

Interview Transcripts

INTERVIEW: Usakos Mayor Irene Simeon-Kurtz Addresses Allegations of Mismanagement

In response to recent allegations regarding the Usakos Town Council, Mayor Irene Simeon-Kurtz spoke out to clarify misconceptions and defend the council's actions. During an interview, she expressed her disappointment with the Namibian newspaper, claiming that its reporting has been misleading and unfair. Simeon-Kurtz emphasized that the town is indeed developing and that the council has maintained transparency in its operations. The mayor outlined several ongoing initiatives aimed at […]

4 November, 2024

Namibia

City of Windhoek adopts plan for Groot Aub infrastructure

The City of Windhoek has addressed concerns raised relating to issues raised by local farmers in Groot Aub. The City of Windhoek says that they acknowledge that managing a fast-growing area like Groot Aub requires a comprehensive regulatory framework addressing land tenure, zoning, and infrastructure all aimed at enhancing residents’ quality of life. The Windhoek Municipal Council adopted an Action Plan that addresses a range of critical areas. The initial […]

31 October, 2024

Business / Economics

Nvidia dethrones Apple as the world’s most valuable company

Nvidia has dethroned Apple as the world's most valuable company following a record-setting rally in the stock, powered by insatiable demand for its specialised artificial intelligence chips. Nvidia's stock market value briefly touched 3.53 trillion US dollars, slightly above Apple's 3.52 trillion, according to data from the London Stock Exchange Group.

28 October, 2024

Business / Economics

Ojoma Ochai talks innovation during Namibia visit

Co-Creation Hub is helping Africa move towards a future of innovation and growth by using technology in different sectors. The hub also supports creative entrepreneurs with programs to prepare for investment, build ecosystems, and conduct research. The hub’s Managing Director, Ojoma Ochai talks about her visit to Namibia.

15 October, 2024

Business / Economics

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

30 September, 2024