By:Josef Kefas Sheehama Namibia is still some distance away from where we would like to be to sustainably meet the 3.6% or below inflation goal. Although annual inflation has been trending downwards since the turn of Q2 2023, it remains unacceptably high at the beginning of Q3 2023. The consumer price jumped to 4.70% in […]
Josef Kefas Sheehama Namibia should close working relationships between these nations and the academia to articulate ways of ensuring that Namibia is enlisted into the BRICS bloc of nations as soon as possible. It is beyond any doubt that the introduction of the BRICS implied a very important step forward in the long process towards […]
By: Josef Kefas Sheehama The annual inflation rate recorded for July 2023 was 4.50%, a steep decrease compared to 5.30% recorded in June 2023. Keeping the repo rate steady is particularly motivating for aspiring, first-time home buyers, whose appetite for home ownership remains consistent. The Bank of Namibia (BoN) has left its key interest rate […]
By:Josef Kefas Sheehama The Fourth Industrial Revolution (4IR) has the potential to transform Namibia’s economy, increase its productivity and enhance its global trade. In doing so, it would dramatically improve the wellbeing of Namibian citizens. Therefore, we cannot talk about economic transformation if we are not technologically literate. According to the Chief Executive Officer of […]
By:Josef KefasSheehama The Namibia Agriculture Policy is the overarching policy and can serve as a base for aligning existing policies, laws, and regulations. The policy presents a framework for the design of programmes and projects that will steer the performance of the sector. The Namibia Merchandise Trade Statistics Bulletin revealed that Namibia imported N$340.8 […]
By:Josef KefasSheehama The Namibia Agriculture Policy is the overarching policy and can serve as a base for aligning existing policies, laws, and regulations. The policy presents a framework for the design of programmes and projects that will steer the performance of the sector. The Namibia Merchandise Trade Statistics Bulletin revealed that Namibia imported N$340.8 million […]
By:Josef Kefas Sheehama The Russia-Africa Summit ran from 27-28 July under the theme, “For peace, security and development” and was attended by 17 Heads of State including representatives of 49 of the 54 African nations. Furthermore, according to WION Live TV News, an amount of 1, 2 billion rubles has been set aside for […]
By:Josef Kefas Sheehama The Bank of Namibia held its Macroprudential Oversight Committee (MOC) on 10 July 2023, to assess risks and vulnerabilities faced by the Namibian Financial System. The Committee emphasised continued monitoring of inflationary pressures and geopolitical tensions, which have the potential to undermine economic recovery and negatively impact the financial system. The aim […]
By:Josef Kefas Sheehama The Namibia Chamber of Commerce and Industry (NCCI) hosted the first-ever Namibia’s State of Business Address on 26 June 2023. This was under the theme: ‘Private Sector’s Ordeals and Triumphs – Paving a Way for Public-Private Partnership. The dialogue was aimed at strengthening private sector engagement in Namibia’s economic development agenda and […]
By:Josef Kefas Sheehama Government periodically sets policies as corrective measures for the volatile economy. It is imperative that policymakers encourage economic growth by implementing policies that promote investment, innovation, and entrepreneurship. Thus, the government can help create a favourable business environment that encourages economic growth and job creation. Recent shocks and rising geo-economic fragmentations test […]