18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits

The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […]

October 18, 2024 6

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

Africa

US-Africa trade deal turns 25 next year: Agoa’s winners, losers and what should come next

By Bedassa Tadesse, University of Minnesota Duluth The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with duty-free access to the US market for over 6,500 products. By eliminating import tariffs and quotas, Agoa aims to […]

May 7, 2024 25

Africa

IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region

By Seth Onyango, via bird story agency Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global shocks that exacerbated their debt vulnerabilities. Remarkably, no state has sought comprehensive debt relief since Ghana’s request over a year ago, signalling a trend of growing fiscal discipline across the region. The improvement bucks the trend of recent years, given that […]

January 25, 2024 7

Namibia

Shut It All Down Namibia to contest 2024 elections

The Shut It All Down Namibia movement has announced its intention to participate in the 2024 Presidential elections. Their focus is on parliamentary approaches to address policy and legal reforms affecting the Constitution, with attention to women and minority rights. We asked the Electoral Commission of Namibia's spokesperson, De Wet Siluka if the Movement is registered as a political party.

November 22, 2023 29

Policy Reforms