insert_link Business / Economics Finance Minister revises economic growth to 3.3%, cuts growth forecast Finance and Social Grant Management Minister Erica Shafudah (Photo contributed) Finance Minister Ericah Shafudah has tabled the 2025 Mid-Term Budget Review in Parliament on Tuesday, 21 October, painting a cautious picture of Namibia’s fiscal and economic outlook as growth slows and public debt rises. The review projects economic growth of 3.3% for 2025, a notable downward revision from the 4.5% forecast announced during the main budget in March. The decline […] today21 October, 2025
insert_link Business / Economics 9 August 2024 Morning Biz News: Namibia Urged on Borrowing Strategies, South Africa Implements VAT on Imports, Dollar Gains on Jobless Data, Yuan Strengthens Amid Market Volatility In recent financial developments, the African Development Bank (AfDB) has advised Namibia to implement conservative borrowing strategies and harness the potential of the Namibian Stock Exchange (NSX) and the Government Institutions Pension Fund (GIPF) to bolster developmental capital. This recommendation aims to tackle the country's increasing public debt and enhance financial stability, according to The Brief. In South Africa, a new policy is set to impact the clothing industry significantly. […] today9 August, 2024
insert_link Africa Ghana’s economic crisis was caused by government borrowing – the central bank did the best it could: economist By Emmanuel Ameyaw, Tohoku University Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of Ghanaian banks. The Conversation Africa’s Godfred Akoto Boafo speaks to […] today17 June, 2024
insert_link Namibia Namibia’s Rating Upgraded: Importance for the Country and Its People By Josef Kefas Sheehama Periodically, the Namibian government establishes policies to address the unstable state of the economy. Encouraging economic growth requires policymakers to put in place measures that support investment, innovation, and entrepreneurship. Therefore, the government can assist in fostering an environment that is conducive to business and promotes employment and economic growth. As an Independent Economic and Business Researcher, I therefore wholeheartedly commend the […] today6 June, 2024
insert_link Business / Economics The Year of Expectations: Converting uncertainty into opportunity By Josef Kefas Sheehama This time of year is always a welcome opportunity to reflect on what is most important. His Excellency Dr Hage G. Geingob, the President of the Republic of Namibia has declared 2024 as “The Year of Expectations”. As Namibia approaches the general elections in 2024, there is immense pressure on political leaders to tackle these economic challenges and implement policies that will deliver an inclusive […] today11 January, 2024
