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October 2017
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Namibia
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March 14, 2017

African CEOs to meet in Geneva to discuss investment in Africa

Africa CEO Forum will look at revitalising investment flows into the continent and comes at a time when commodity prices are showing signs of recovery

About 20 South African CEOs are expected to attend the Africa CEO Forum, which, is taking place in Geneva, Switzerland, later in March.

The fifth edition of the forum is due to focus on international investments in Africa. It is running from March 20–21.

The forum will look at revitalising investment flows into Africa and comes when commodity prices are showing signs of recovery.

The forum is expected to host 1,000 key decision makers in industry, finance and politics from across the globe.

Some of [...]

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January 27, 2017

MINING AND TOURISM SECTORS TO DRIVE GROWTH IN 2017

One of Namibia’s leading stock brokerages, Simonis Storm Securities (SSS), expects domestic economic growth for 2016 to be 2.5 percent, down from the 5.3 percent in 2015

The main drivers of this reduced growth include a struggling Fiscus and slower private sector credit extension (PSCE), which have led to significantly slower construction activity.

Construction has been the main private sector driver of the economy over the last three years.

At the same time the looming water crisis has severely affected the manufacturing and agricultural sectors. SSS expects expect 2.8 percent GDP growth for 2017, mainly on the expectation of a strong mining sector in 2017.

He [...]
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January 27, 2017

ONDANGWA TO SPEND N$270 MILLION ON INFRASTRUCTURE

Ongwediva-Ondangwa Town Council will spend more than N$270 million to implement its five-year strategic plan that will include the upgrading of infrastructure such as roads and sewerage systems

In the five-year strategic plan that stretches from 2016 to 2021 the town council indicated it will need about N$275, 044 to implement several developmental activities over that period of time.

The town council launched this strategic development roadmap towards the end of last year.

The town council intends to use slightly over N$40 million in the first year of implementing the strategic plan, which it says will be used to develop and update roads, sewage, water and electricity [...]

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January 12, 2017

TOYOTA TO START SALES OF FUEL CELL BUSES

Toyota Motor Corporation will begin to sell fuel cell buses (FC buses) under the Toyota brand from early 2017

Having already undergone repeated field tests for practical use, the Bureau of Transportation of the Tokyo Metropolitan Government plans to utilise two of these FC buses (model name: Toyota FC Bus) as fixed-route buses.

Toyota plans to introduce over 100 FC buses mainly in the Tokyo area, ahead of the Tokyo 2020 Olympic and Paralympic Games. In view of this, the FC buses will be sold for the first time in Japan in early 2017, so as to help increase the level of understanding by the general public of the utilisation of FC buses as a form of public [...]

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