insert_link Business / Economics Interview: Business Researcher Josef Sheehama on Beneficiation and External Loans: A Strategic Outlook for Namibia’s Economic Future IntroductionIn a recent interview, business researcher Josef Sheehama offered a comprehensive view of Namibia’s economic strategy, emphasizing the dual importance of beneficiation and external loan management. His vision for Namibia's economic independence hinges on industrialization, foreign direct investment (FDI), and leveraging natural resources to reduce dependency on external debt. 1. Namibia’s Vision 2030: Charting a Path to Industrialization Sheehama emphasizes that Vision 2030 is more than a governmental slogan—it […] today12 May, 2025
insert_link Dr. Sam Nujoma Ekandjo Hails Nujoma’s Economic Legacy Former Minister Jerry Ekandjo says Namibia did not borrow from the IMF or World Bank during Sam Nujoma’s 15-year presidency. In an interview with Future Media's Angie Scholtz, he also called on the next government to revive Nujoma’s Ondangwa–Cape Fria railway project. ENG Jerry Ekandjo Sam today12 February, 2025
insert_link Opinion Pieces World Bank Economic Initiatives Propel Namibia to Prosperity Josef Kefas Sheehama The implementation of key long-term strategies, such as the National Development Plans (NDPs) and Harambee Prosperity Plans (HPPs), to advance Vision 2030 as a vehicle to industrialise the nation, as well as the country's growing poverty, insecurity, and fragility developmental goals and the increasing risks associated with climate change, have made it imperative to accelerate Namibia's development. Namibia's New Country Partnership Framework (CPF) which is part of […] today20 January, 2025
insert_link Namibia World Bank Criticizes Namibia’s Education and Health Systems The World Bank has highlighted the need for urgent improvements in Namibia's education and health systems despite substantial investments. According to its country partnership framework, public services in these sectors face challenges like inequitable education access, poor infrastructure, inadequate teacher support, and low early childhood education access. On health, the report notes persistent inequalities in universal coverage, staffing shortages, and insufficient planning. today14 January, 2025
insert_link Business / Economics World Bank Unveils Strategy to Boost Namibia’s Growth and Equity The World Bank has introduced its 2025-2029 strategy to support Namibia's economic growth and address inequality. This comprehensive plan emphasizes job creation and enhanced access to quality public services, aligning with the country’s Vision 2030 and the Second Harambee Prosperity Plan for 2020-2025. The World Bank’s board of directors discussed the framework in a recent meeting, reaffirming its commitment to Namibia’s sustainable development. today10 January, 2025
insert_link Africa World Bank Cuts Kenya’s Growth Forecast to 4.7% CNBCAfrica says the World Bank on revised Kenya’s 2024 economic growth projection down to 4.7% from an earlier estimate of 5.0%, attributing the downgrade to the effects of floods, anti-government protests, and sluggish fiscal reforms on Tuesday. Despite progress in stabilizing the exchange rate, increasing central bank reserves, and reducing inflation, Kenya remains at a high risk of debt distress, according to the bank's latest report. today11 December, 2024
insert_link Africa Angola extends cash tranfer for low-income families Angola will extend a cash-transfer program for low-income families as a weaker currency and sky-high inflation continue to drive up living costs in the oil-producing country. Bloomberg reports the Kwenda program will run until 2029, following the recent approval by the World Bank of an additional $400 million loan, President João Lourenço said in a speech Tuesday. The project, the first of its kind in Angola, began in 2020 to […] today16 October, 2024
insert_link Africa World Bank cuts Africa growth forecast The World Bank has downgraded its economic growth forecast for sub-Saharan Africa. Bloomberg reports that Sub-Saharan Africa will likely grow 3% this year, somewhat lower than an April forecast of 3.4%, the Washington-based lender said in its Africa Pulse report published Monday. The slower growth rate was largely blamed on the conflict in Sudan which started 18 months ago and has continued to escalate. today15 October, 2024
insert_link Africa World Bank Lowers Sub-Saharan Africa Growth Forecast to 3% Amid Sudan Crisis The World Bank announced on Monday that it has reduced its economic growth forecast for sub-Saharan Africa this year to 3%, down from 3.4%, largely due to the impact of Sudan's civil war on its economy. Reuters says, nevertheless, growth is anticipated to exceed last year's 2.4% rate, driven by increased private consumption and investment, according to the bank's latest regional economic outlook report, Africa's Pulse. Andrew Dabalen, the World […] today15 October, 2024
