Economic Growth Slows As Inflation Declines According To BoN

Economic Growth Slows As Inflation Declines According To BoN

Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November.

December 18, 2024 14

South Africa

FNB S.A Economist Predicts Moderate Growth for Mining Sector

FNB South Africa economist Thanda Sithole says growth in the mining sector in the near term is expected to remain moderate, due to a subdued external demand environment. Mining production rose 1.4-percent year on year in October, after an upwardly revised 4.9-percent jump in September, marking the third consecutive month of growth in mining activity. Sithole says the modest increase in mining production was broad-based, with growth recorded in seven […]

December 11, 2024 18

Nam Elections 2024

Windhoek East Rally Sees Kuugongelwa-Amadhila Highlighting SWAPO Government Achievements

Swapo central committee member Saara Kuugongelwa-Amadhila informed party members in the Windhoek East constituency on Saturday that the Swapo-led government has made strides in developing the agriculture, mining, and fisheries sectors. She spoke during an election campaign meeting. Here's political analyst Rakkel Andreas:

November 11, 2024 23

Local

The Namibian economy is expected to grow by 3.1 percent in 2024

The Bank of Namibia released the Economic Outlook for August 2024 with the domestic economy estimated to expand by 3.1 percent in 2024 and by 3.9 percent in 2025. Global and Regional Outlook Global economic growth is projected to remain low in 2024 before improving slightly in 2025. Global growth is projected to slow down to 3.2 percent in 2024, from 3.3 percent in 2023, before rising moderately to […]

August 8, 2024 21

Africa

KPMG advises Nigeria to attract mining investment via global alliances

Multinational audit, tax, and advisory firm, KPMG says Nigeria needs to form alliances with relevant international mining organizations to fully attract foreign investment into the country's solid mineral sector.

June 18, 2024 70

Business / Economics

Namibia Statistics Agency releases Q1 2024 producer price data

The Namibia Statistics Agency has presented updates on the quarterly Producer Price Indices for ten industries, including mining of uranium and thorium ores, processing and preserving of meat, manufacture of soft drinks, electric power generation, and water collection, treatment, and supply. The PPI covers the first quarter of 2024. NSA spokesperson, Mirjam Shihepo, has more. Namibia's Mining and Quarrying Producer Price Index (NPPI) for the first quarter of 2024 rose […]

May 23, 2024 71

Uncategorized

Chamber of Mines calls for action after decline in mining survey

The Chamber of Mines has called for urgent policy reforms in the country's mining sector following Namibia's drop in the 2023 Fraser Institute Annual Survey of Mining Companies. The country’s position on the overall Investment Attractiveness Index fell by 3 points from 59 in 2022 to 56 in 2023, while on the continent, Namibia ranked 4th out of 22 African jurisdictions surveyed. Lauren Graham, Chief Economist at the Chamber of […]

May 21, 2024 64

Local

Breakthrough study on Critical Raw Materials Value Chains in Namibia launched

The EU-funded AfricaMaVal project (AfricaMaVal.eu), implemented by the German Federal Institute for Geosciences and Natural Resources (BGR) together with the Namibian company Odikwa Geoservices, launched the “Country Case Study Namibia” report, an assessment of the investment potentials in the Namibian mining sector on Tuesday, 9 April 2024 at the Auditorium of the Geological Survey of Namibia in Windhoek. The report gives an overview of the geological setting and […]

April 10, 2024 74

Africa

Zambia’s arts and creative sector is thriving

By Bonface Orucho, bird story agency Zambia’s recent unveiling of a National Arts and Revised Film Policy is evidence of the growing interest in increasing investment and fostering the growth of the arts and creative sector. Besides committing to invest close to US$100 million in the arts and film sector between 2024 and 2028, the policy commits to improving artists' welfare in a bid to promote talent by […]

April 8, 2024 18