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

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 16

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 52

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 60

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 60

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 62

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 14

Namibia

Namibia to take part in Mining Indaba 2024

Deputy Executive Director in the Ministry of Mines and Energy, Gloria Simubali has led a delegation to the ‘Investing in African Mining Indaba 2024’, which commenced in Cape Town, South Africa on Monday. A media statement availed by the Ministry of Mines and Energy said Namibia will during the indaba showcase the opportunities the country presents in the mining sector to a global audience of foremost thinkers in mining. […]

February 6, 2024 20

Namibia

Isaacks advocates for local language proficiency for regional job opportunities

||Kharas Regional Council chairperson, Joseph Isaacks has directed council officials to include local language proficiency as a mandatory condition for all vacancies in the regional government. Isaacks made the statement during a staff meeting here on Tuesday. He said other regional councils have language proficiency conditions in advertisements for vacancies and it is time for ||Kharas to follow suit, adding that the region’s inhabitants are identified by the languages […]

January 24, 2024 24