Namibia Economist | African Business Centre
Aug 20, 2012 · Navigating Namibia's mining challenges: Strategies for growth and stability. Starlink’s debut offers both opportunities and drawbacks for local businesses. CRAN protects consumers in Namibia’s telecommunications sector. One Economy Foundation denounces allegations concerning the work of #BeFree. Promoting credible information ahead of ...
Bank of Namibia cuts repo rate to 7.25% | Namibia Economist
1 day ago · The Monetary Policy Committee (MPC) of the Bank of Namibia unanimously decided to reduce the repo rate by 25 basis points to 7.25% following its fifth bi-monthly meeting of the year to determine the appropriate monetary policy for the next two months. In an announcement on Wednesday, Bank of Namibia governor, Johannes !Gawaxab said the decision ...
Namibia gears for COP29: Ministry hosts key meeting and secures …
1 day ago · The Ministry of Environment, Forestry, and Tourism (MEFT) hosted a meeting this week to prepare for the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC), which will take place from 11 to 22 November, in Baku, Azerbaijan. The meeting brought ...
Economic diversification in Namibia: Past, present and the way …
Jul 18, 2023 · The unemployment rate averaged 21% from 1991 to 2021, reaching an all-time high of 24.5% in 1997 and a record low of 16.8% in 2012. But by the end of 2022, it has jumped back to 22% according to Trading Economics global macro models and analysts’ expectations. In the medium term, the Namibian unemployment rate is projected to trend around 23% ...
Namibia: Interest grows in Africa’s oil-and-gas hot-spot
Sep 17, 2024 · Namibia’s upstream oil and gas sector has become a focus of intense interest in recent years. The Orange Basin, off the country’s west coast, captured the energy sector’s imagination in 2022, when Shell and TotalEnergies announced the discovery of light oil and natural gas there, in the Graff and Jonker fields.
Streamlined policies for growing exports and boosting regional …
1 day ago · The National Trade Policy (NTP) and the National Action Programme for Investment (NAPI) were recently introduced by the Minister of Industrialization and Trade, Hon Lucia Iipumbu who said they are designed to strengthen Namibia‘s position in regional and global markets. She said that the NTP was developed to address the current demands of the ...
Oil can place Namibia among top producers by 2035 - Economist
Aug 16, 2023 · The Prime Minister Hon Saara Kuugongelwa-Amadhila on Wednesday reaffirmed the government’s commitment to socioeconomic development and environmental stewardship, following the discovery of two light crude oil discoveries in Namibia in the last 18 months, namely Venus and Graff in the Orange Basin. “Statistics show that the Venus discovery ...
Namibia ranks 5th worldwide in FDI momentum - Economist
Jan 23, 2024 · Namibia emerged as a global Foreign Direct Investment (FDI) pivot, securing the 5th position in the fDi Intelligence’s Annual FDI Standouts Watchlist. FDI is a critical economic indicator measuring international investment inflow. For Namibia, ranking 5th implies a surge in global trust and capital flowing into the nation’s economic landscape.
Namibia’s inflation dilemma: Balancing act amid global economic ...
Nov 23, 2023 · On a positive note, there is hope on the horizon. Global inflation is projected to steadily decline from 8.7% in 2022 to 6.9% in 2023 and 5.8% in 2024, thanks to tighter monetary policies and lower international commodity prices. While core inflation is expected to decrease more gradually, a return to target levels is not anticipated until 2025 ...
Financial System Remains Stable and Resilient – Central Bank
Oct 9, 2024 · The Financial System Stability Committee conducted a comprehensive assessment of the Namibian financial system’s resilience to potential risks. The committee concluded that the system remains stable, sound, and resilient, despite global and domestic challenges. Central Bank governor Johannes !Gawaxab in a statement said the financial system ...