insert_link Opinion PiecesNamibia’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, […] today24 July, 2024 36
insert_link Business / EconomicsB2Gold continues workforce downsizing at Otjikoto mine B2Gold has confirmed it will proceed with further workforce reductions at its Otjikoto mine, involving involuntary separations. This decision follows a comprehensive review by a dedicated retrenchment committee, in collaboration with the Mineworkers Union of Namibia (MUN) branch executive committee on site. Eric Barnard, General Manager of Otjikoto Mine, detailed the process, saying, “We have a retrenchment committee that evaluated the necessary reductions across various departments. This effort was not […] today22 July, 2024 59
insert_link LocalWhat The Rest Of Africa Can Learn From Mauritius, The Continent’s Top Ranked Economy Investing in Africa, Africa's Investment event, is only three months away and will take place 7th-9th October 2024 in London. With superb support from a wide array of excellent sponsors AFSIC 2024 promises to be bigger and better with over 1400 delegates expected. This is an unmissable opportunity to attend any or all of the below sessions: 3 Days of Presentations, Panel Discussions and Interactive Networking Sessions 250+ Speakers from […] today12 July, 2024 14
insert_link Opinion PiecesNamibia Needs a Different Approach to Change the Structural Economy Opinion Piece By Josef sheehama To attain V2030, Namibia will need to adopt structural reforms that will increase economic growth, facilitate more labor-intensive growth by opening up the labor market, and address an expensive and generally ineffective system of education, training, and skills. The government should support businesses in the manufacturing, construction, and agriculture sectors among others, paying attention to both the educated and the uneducated. As a […] today9 July, 2024 29
insert_link AfricaBotswana’s economy contracted in Q1 Botswana’s economy contracted after diamond production dropped. Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months. The downturn, according to Statistics Botswana was primarily influenced by a decrease in real value added of the diamond traders and mining & quarrying industries of 46.8% and 24.8% respectively. Botswana is the world’s largest producer of rough diamonds by value, with the […] today1 July, 2024 19
insert_link Business / EconomicsRössing hosts uranium sustainability conference Rössing Uranium, now under the majority shareholding of China National Uranium Corporation, hosted the "Namibia Natural Uranium Sustainable Development" Conference in Windhoek on Tuesday. Johan Coetzee, Managing Director of Rössing Uranium, announced plans to extend the mine's life beyond 2036. today19 June, 2024 129
insert_link Business / EconomicsAnglo American rejects BHP offer, again Anglo-American has rejected a third takeover proposal from BHP Group that valued the company at $49.18 billion but agreed to a one-week extension for its rival to table a binding offer. Cirrus Capital Economist Robert McGregor helps make sense of the deal. today23 May, 2024 88
insert_link AfricaNigeria revokes dormant mining licences, opens opportunity for investors Nigeria's government has revoked with immediate effect, 924 dormant licences across four sectors in the mining industry. It has also invited investors to freely apply for the affected licences which it says will be offered on a "first come, first served" basis. today25 April, 2024 40
insert_link Business / EconomicsB2Gold Otjikoto mine to retrench 300 workers B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […] today24 April, 2024 192