World Bank

Namibia Faces N$5 Billion Annual Loss Due to Inefficient Road Transport

Namibia stands to lose N$5 billion annually as a result of high road transport costs caused by inefficiencies and poor infrastructure, according to World Bank Senior Transport Specialist Justin Runji as per The Brief. Runji highlighted that these losses are largely due to increased expenses in fuel, maintenance, repairs, tires, insurance, and reduced productivity. Speaking at the Road Sector Policy Conference, he emphasized the urgent need for a transformative agenda […]

1 October, 2024

Namibia

Growing BRICS could surpass the Economic Size of the G7

Opinion Piece by Josef Kefas Sheehama It is not surprising that the BRICS plus will usher in a new economic order if the group of seven (G7) does not pull up its shocks, as the group's expansion presents new economic opportunities for developing countries. There is no doubt that the establishment of the BRICS represented a major step forward in the long-term process of member countries' integration, both […]

4 September, 2024

Africa

Africa’s off-grid solar sector is electrifying global investors

By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

22 August, 2024

Africa

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

By Tsegay Tekleselassie, Wellesley College Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool. They were introduced just ahead of the approval of a financial package that could eventually amount to about […]

19 August, 2024

Local

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 […]

8 August, 2024

Africa

Tanzania evicting tens of thousands of Maasai: HRW

Tanzania is forcibly evicting tens of thousands of Maasai from their ancestral lands, Human Rights Watch said in a report on Wednesday, claiming that government rangers beat some members of the community with impunity. Long-standing tensions between the authorities and the nomadic community have sometimes resulted in deadly clashes, after the government launched a programme beginning in 2022 to relocate some 82,000 people from the world-renowned Ngorongoro […]

31 July, 2024

Africa

Nigeria’s planned protests: What we know

By Laurie Churchman with Aminu Abubakar in Kano Politicians and the army have warned people against taking to the streets, but organisers say government failings have left them little choice. Both sides have made comparisons with recent protests in Kenya that forced the government to withdraw new taxes, but it is not clear what shape the rallies could take in Nigeria. With demonstrations set to start on […]

29 July, 2024

Business / Economics

World Bank approves $138.5 million energy loan for NamPower

Namibia has embarked on its first World Bank-financed energy project, a $138.5 million initiative to strengthen the reliability of its transmission network and integrate more renewable energy into the electricity system. The project will be implemented by NamPower, the national electricity utility, and represents a big step toward a greener and more sustainable future. "Namibia is uniquely positioned as a regional leader in the transition towards a greener future. The […]

24 July, 2024

Oshiwambo

Osheendo sho World osha manitha etalelepo lyasho mo Namibia omwedhi nguka

Osheendo sho World Bank osha manitha etalelepo mo Namibia okuza mu 7-13 July, oku nongonona epondolo lyomayambulepo, noku endulula eyambidhidho. Osheendo oshiikundu omulandu eendithi guukumwe uupe nepangelo,noku zimina omukuli goodola oomilion 138.5 dhiikwankondo mbyoka ihaayi pupo, kehangano lyo Nampower. Osheendo osha tsakanene wo nominista yemona Ipumbu Shiiimi ,noku talelapo omalukanda,okutala koshikele shompumbwe yomagumbo.

24 July, 2024