Terblanché Bank of Namibia Governor Johannes !Gawaxab has indicated that the recent oil and gas discoveries off the coast of Namibia hold the transformative potential to double the nation’s Gross Domestic Product (GDP) and substantially increase its economic output. central bank’s governor predicted amid a period where exploration activities have already marked a positive influence...
November 8, 2024
Tag: boom
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Oil and Gas puts Namibia on the brink of economic boom – Windhoek Observer
Niël Terblanché Bank of Namibia Governor Johannes !Gawaxab has indicated that the recent oil and gas discoveries off the coast of Namibia hold the transformative potential to double the nation’s Gross Domestic Product (GDP) and substantially increase its economic output. The central bank’s governor predicted amid a period where exploration activities have already marked a...
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Namibia poised for Uranium revenue boom in 2024
The Chamber of Mines expects Namibia to experience a notable economic boost and upswing in the contribution of the uranium sub-sector in 2024, fuelled by the highest price increase for uranium in over 12 years. The Chamber’s CEO Veston Malango said the upswing will come from higher production levels in existing mines and the commencement...
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Black gold: Boon, boom or bust?
By Helena MbotiEconomist, FNB Namibia. Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experience internationally, provides stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads, with a choice between leveraging the potential windfalls...
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Black Gold: Boon, Boom or Bust?
Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experiences internationally, provide stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads – with a choice between leveraging the potential windfalls sustainably or succumbing to...
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Electric vehicle boom in Namibia worries RFA
The Road Fund Administration (RFA) has raised concern about the possibility of losing revenue due to the expected boom in electric vehicles in Namibia. RFA Chief Executive Officer Alli Iipinge acknowledged the inevitable arrival of EVs and their disruptive potential for the fund’s current funding approach, heavily reliant on fuel levies. Iipinge thus appealed to...
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Africa Needs an Entrepreneurial Boom
For decades, Africa has been the world’s most commodity dependent continent. At the same time, it has become overly reliant on imports from the rest of the world: Intracontinental trade accounts for only 15% of total African trade, compared to 60% in Asia and 70% in the European Union. Worryingly, imports of manufactured goods into...
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Eight new industries could emerge from the Green Hydrogen boom – Windhoek Observer
Martin Endjala James Mnyupe, the Green Hydrogen Commissioner, has revealed that the Green Hydrogen Programme, in collaboration with the Ministry of Industrialisation, Trade and Small Medium Enterprise Development and the Ministry of Finance and Public Enterprises, has identified eight potential new industries. This announcement was made last December during an update on the Green Hydrogen...
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Weerlig slaan vrou onder boom dood
Weerlig slaan vrou onder boom dood ‘n 24-jarige vrou is dood by Shimpanda-dorpie in die Kavango-Oos-streek nadat sy deur weerlig getref is. NamPol se misdaad ondersoek-koördineerder in die streek, adjunk-kommissaris Bonifatius Kanyetu, sê die oorledene is geïdentifiseer as Justina Kapango Mudumbi. Sy het ‘n tweejarige kind op haar rug gehad en het glo saam met...
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Zimbabwe’s tourism sector poised to boom with upgraded airports – Namibia Daily News
BULAWAYO, Zimbabwe, Oct. 16 — Zimbabwe’s tourism sector is poised for a major boom, following the upgrading of the country’s major airports with enhanced passenger handling capacity. The country’s tourism and aviation officials shared their hope at the just-ended Sanganai/Hlanganani World Tourism Expo, which took place from Thursday to Saturday in Bulawayo, the country’s second-largest...