2024 Producer Price Index Update Reveals Mixed Sectoral Trends

2024 Producer Price Index Update Reveals Mixed Sectoral Trends

The Producer Price Index has been rebased to 2022, offering more accurate insights into the nation's economic trends. The new reference period, set for June , highlights a shift in price movements across sectors, with mining showing growth year-on-year, but a slight quarterly contraction. Meanwhile, manufacturing saw modest price reductions overall, though dairy and fish processing experienced notable increases. The updated PPI will provide businesses and policymakers with a clearer […]

November 22, 2024 12

Business / Economics

SA’s Ramaphosa sets 2 trillion rand investment target by 2028

South African President, Cyril Ramaphosa has set a new investment target of two-trillion-rand by 2028, following the early achievement of the country’s previous 1.2-trillion-rand goal. Speaking at the SA-US business forum, Ramaphosa invited US investors to explore opportunities in sectors like renewable energy, manufacturing, and infrastructure.

September 24, 2024 56

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 […]

September 19, 2024 38

Namibia

Namibia eyes Artificial Intelligence for increased productivity

Artificial Intelligence can increase productivity in Namibia's agriculture, manufacturing sectors, healthcare, and transportation industries. However, Manager of Cyber Security at the Communication Regulatory Authority of Namibia, Cornelia Shipindo says that while AI promises progress and innovation, it also introduces new risks and challenges.

May 14, 2024 93

Opinion Pieces

Artificial Intelligence powered attacks

By Ms. Cornelia Shipindo, Manager: Cyber Security, Communications Regulatory Authority of Namibia (CRAN) As Artificial Intelligence (AI) technology advances, Namibia stands at the threshold of unprecedented opportunities to reshape industries and elevate the quality of life for its citizens. From expanding productivity in agriculture and manufacturing to revolutionising healthcare delivery and transportation systems, the potential applications of AI appear boundless. However, amidst this wave of excitement […]

May 14, 2024 24

Africa

New e-mobility policies are pushing EV fleet expansions in Africa

By Bonface Orucho, bird story agency African countries are welcoming a new era of more robust e-mobility policies as countries seek to scale their electric vehicle (EV) fleets after successful tests and pilots. According to Lusanda Madikizela, the head of Zero Emission Transport at C40 Cities in South Africa, better policies provide confidence for investors, manufacturers and operators. “Manufacturers need policy certainty so they can adjust specifications... financiers […]

April 16, 2024 72

Business / Economics

Transforming Namibia’s economy with effective trade and industrial Policies

Opinion Piece by Josef Kefas Sheehama The political climate in Namibia is among the African most tranquil and stable. In order enhance Namibia's potential growth rate, reforms must be put in place for the country's economy to continue on a sustainable path. One of the main obstacles to Namibia's industrial development, especially for small and medium-sized businesses, has been a lack of human and financial resources. Because institutions […]

April 11, 2024 19

Africa

Economic reforms propel Ethiopia to world’s third fastest growing nation brand status

By Conrad Onyango, bird story agency Ongoing economic reforms that are also seeing Ethiopia opening up its traditionally closed sectors to private investment are helping to lift the country’s image, globally, according to a new report. UK-based Consultancy, Brand Finance in its Global Soft Power Index 2024 ranked Ethiopia the third fastest-growing nation brand in the world. In the ranking of the most valuable nations, Ethiopia’s brand […]

March 13, 2024 24

Business / Economics

The gross domestic product for the third quarter of 2023 expanded by 7.2 percent

Domestic Economy 1. In the third quarter of 2023, the Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessed a commendable trend, characterized by 10 consecutive quarters of positive growths. 2. In nominal terms, the size of the Namibian economy, quantified […]

December 14, 2023 8