Mining Sector Boosts Revenue and Employment

Vice President, Netumbo Nandi-Ndaitwah announced at the mining expo in Windhoek that the mining industry’s contribution to government revenue surged from N$ 4.4 billion in 2022 to N$ 6.8 billion in 2023. Mining remains the top sector for job creation in Namibia. She emphasized the benefits of refining domestic oil to lower costs and highlighted Namibia's significant uranium production, which is driving new projects. Nandi-Ndaitwah also noted progress in local […]

August 8, 2024 16

Business / Economics

INTERVIEW: Business and Economics Researcher Josef K. Sheehama Talks to Future Media’s Leonard Witbeen on Economic Views

Recently, Josef K. Sheehama, a distinguished business and economics researcher, shared his insights on the future of Namibia’s economic landscape. With a career spanning over two decades in banking and finance, Sheehama, who currently manages private banking at Standard Bank, discussed the differences between green hydrogen and the blue economy and how Namibia can leverage its resources to boost economic development and job creation. The Green Hydrogen vs. Blue Economy […]

July 30, 2024 28

Opinion Pieces

Namibia’s uncharted blue economy has a lot of potential

Opinion By Josef Kefas Sheehama Given the potential for the blue economy to generate a significant number of direct and indirect jobs, Namibia has a great chance for long-term economic growth and development. The NDP 5 interventions can also be utilized to realize Namibia's Vision 2030 aspirations of eradicating poverty, decreasing inequality, and fostering an inclusive economy. Namibia must revive, implement robust climate change mitigation strategies, […]

July 24, 2024 28

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 […]

July 3, 2024 29

Namibia

Hyphen to create 18 thousand Green Hydrogen jobs in construction phase

Hyphen Hydrogen Energy's Senior Economic Development Manager, Johannes Shipepe, has revealed that the Green Hydrogen project is expected to create 18,000 jobs during its construction and operation phases, with 30% of the expenditure being localised. According to the Namibia Press Agency, as part of the Feasibility and Implementation Agreement with the government, a Socio-Economic Development framework has been established to maximize benefits for Namibians.

June 20, 2024 40

Namibia

Namibia’s Oil and Gas have potential to improve overall economy without adverse on other sector

By Josef Keas Sheehama Although Namibia's oil and gas industry has the potential to boost the country's economy, careful management and diversification are essential to ensuring that this potential is realized without detrimental effects on other industries. Namibia, along with other African countries, is emerging as an attractive oil and gas opportunity due to legislative changes that make the market more appealing. Namibia's […]

June 19, 2024 35

Namibia

Namibia’s Rating Upgraded: Importance for the Country and Its People

By Josef Kefas Sheehama Periodically, the Namibian government establishes policies to address the unstable state of the economy. Encouraging economic growth requires policymakers to put in place measures that support investment, innovation, and entrepreneurship. Therefore, the government can assist in fostering an environment that is conducive to business and promotes employment and economic growth. As an Independent Economic and Business Researcher, I therefore wholeheartedly commend the […]

June 6, 2024 19

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 […]

May 28, 2024 11

Local

Old Mutual Foundation launches OM SEED 2024 with N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions

The Old Mutual Foundation has launched its third edition of the highly anticipated Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) today with a total investment of N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions Following the remarkable impact achieved in the Erongo, Kavango East and Hardap regions in 2022 and 2023, the Foundation is extending the initiative to […]

May 23, 2024 12

job creation