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Namibia
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February 19, 2019

NAMIBIA TO ACQUIRE MORE FUNDS FROM GERMANY

Finance minister Calle Schlettwein says Namibia will think about getting more cash from Germany to subsidize a few formative undertakings.

Schlettwein said the credits would be sourced through German advancement bank KfW, which has some participation concurrences with the administration.

He made these comments a week ago in a meeting on the sidelines of a gathering between president Hage Geingob, Bank of Namibia representative Ipumbu Shiimi, and the leader of the German national bank (Bundesbank) Jens Weidmann at State House.

The clergyman said Namibia and Germany as of now have a credit cycle understanding that covers the improvement envelope and is assessed [...]

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March 8, 2018

Listeria outbreak: SA neighbours ban meat exports

Four countries in southern Africa on Monday took steps against South African chilled meat imports made at a factory found to be the origin of the world’s worst-ever listeria outbreak.

Mozambique and Namibia announced they were immediately suspending imports of the products. Botswana said it was recalling the items “with immediate effect”, while Zambia called on South African retail chains in its country to pull the incriminated goods from local shelves.

Since January 2017, 948 people in South Africa have contracted listeriosis – a disease caused by bacteria from soil, water, vegetation and animal faeces which can contaminate fresh food, notably [...]

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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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