The Oil “Curse” and Namibia’s Critical Crossroads

OPINION By: Barney Hamse In 2014, Zack Beauchamp wrote an article titled, The Oil Curse: How Black Gold Makes Countries More Authoritarian, Corrupt, and Violent. This concept has since been discussed extensively, and numerous reports over the years have highlighted the adverse impacts of oil wealth on nations, particularly in Africa. Namibia is now at a critical juncture, and it must tread carefully to avoid the pitfalls that many oil-rich countries […]

December 3, 2024 151

Africa

Week in Review: Namibia’s Green Hydrogen deal, Soth Africa’s unemployment crisis, and More

https://youtu.be/2avUM787GnY Top Stories: Namibia's Green Hydrogen Deal: President Nangolo Mbumba led Namibia’s participation at the World Hydrogen 2024 Summit in the Netherlands, securing green hydrogen supply agreements with the Netherlands, Germany, and Belgium. Government Election Spending: The Institute for Public Policy Research's Quarterly Economic Review examines government spending on elections since independence. IPPR Executive Director Graham Hopwood provides insights. Pending Allowances: Despite National Assembly approval, increased allowances for pensioners […]

May 17, 2024 16

Business / Economics

Paratus Namibia Holdings doubles market capital with N$ 600 million raise

Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX. The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […]

May 16, 2024 97