Namibia, the world’s third largest uranium producer, has been challenged to utilise its resources locally to deal with rising energy prices, a top official has said. Tjekero Tweya, head of the Parliamentary Standing Committee on natural resources, contends that despite Namibia’s wealth in resources like uranium, the country’s focus on exporting rather than harnessing them...
Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery. According to the latest World Bank Africa’s Pulse report, rising instability, weak growth in the region’s largest economies, and lingering uncertainty in the global economy are dragging down growth prospects in the region. Economic growth in Sub-Saharan Africa is forecast to decelerate to 2.5%...