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Africa / Page 6
Swakopmund, Windhoek And Walvis Bay Tops Millionaire City List
By:Justicia Shipena Swakopmund has emerged as one of the wealthiest cities in Namibia for the past 10 years in terms of wealth growth. This is according to the Africa Wealth Report for 2023 which highlighted Namibia’s major cities by the number of resident millionaires and compared their relative wealth growth rates over the past 10 […]
Young MPs Say Numbers Of Announced Recruitments Won’t Solve The Unemployment Crisis …claims Geingob only cares about oil deals and foreign direct investments
By:Justicia Shipena Young members of parliament have expressed their disappointment in President Hage Geingob’s reaction on the youth unemployment matter. While some have labelled it as “not brave”, others have expressed that the number of recruitments for the Namibian Police or Defence Forces will not solve the issue. Geingob, during his State of the Nation […]
NIPDB Eyes N$50 Billion Through Resident By Investment Programme
By:Hertha Ekandjo, Nguriye Katusuva Namibia should look for investors that will set up manufacturing bases to allow for production of its natural resources and minerals from raw materials to finished goods. This was the view of economist and former interim Agro-Marketing and Trade Agency (Amta) Managing Director Solomon Hei on the Residence by Investment Programme […]
Africa Youth Bulge, A Demographic Dividend
By:Nghiinomenwa-vali Erastus Africa has the youngest population in the world with 22.7% of the world’s total youth population of which 454.5 million are between 15 and 34 years. This was said by Wamkele Mene, Secretary-General AfCFTA Secretariat, in his opening remarks at the First African Union Youth Town Hall Meeting on the margins of the […]
Angolans to Pay For Services Using Kwanza In Nam In The Future
By:Staff writer Namibian citizens will be able to shop and pay for services in Namibian dollars in Angola in the future. This measure once considered will also allow Angolan citizens to carry out commercial transactions in their currency in Namibian soil – is the result of a memorandum of understanding signed last week by the […]
Namibia, Botswana ID MOU To Boost Trade
By:Uakutra Kambaekua, Ngurije Katusuva Experts say trade between Namibia and Botswana will improve as the two countries are set to sign a memorandum of understanding to permit the use of national identity cards as travel documents to cross their borders. This will be done to remove barriers to Africans’ freedom of movement. The signing of […]
Tourism Sector On Recovery Path – Shifeta
By:Fransina Nghidengwa Environment and tourism minister Pohamba Shifeta, during his new year’s address to the staffon Friday, said the tourism sector is on a recovery course after being battered by Covid-19. Shifeta said international tourist arrivals increased by almost 38% in 2021 compared to 2020. About 233692 tourist arrivals were recorded in 2021 compared to […]
Namibia’s Next Great Hopes, Beyond Venus And Graff
By:Staff Writer Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries last year, but there are opportunities beyond TotalEnergies and Shell. The two major finds were announced in the southern Orange basin, which is shared with South Africa. Namibia also has the Namibe, Luderitz and Walvis basins offshore, while […]
Africa Should Be Vigilant In The Era Of “Rare Earth Metals”
By: Ananya Sharma The global demand for rare earth elements or rare earth metals has significantly increased in recent times. These rare earths comprise 17 minerals that are indispensable to the manufacturing of smartphones, electric vehicles and countless other advanced technologies. So far, China has dominated the rare earth element market. However, soon its […]
Bank of Namibia Expected To Hike Repo Rate As RSA Leads
By:Megameno Shinana The Bank of Namibia (BoN) is expected to increase its repo rate come 30 November, to play catch up with the South African Reserve Bank (SARB) which has hiked the rate by 7%, making borrowings more expensive. The repo rate increase of 75 basis points in South Africa will come into effect today. […]