Namibia should tap into the more than two billion dollar market space provided by the African continent to broaden its market, accrue full benefits from its smaller industry and avoid exporting jobs, analysts say. Economist Omu Kakujaha-Matundu says Namibia can recognise the full potential of its industrial production if the government takes a deliberate focus...
CHAMWE KAIRA The government has announced that the Directorate of Agriculture and Land Reform is gearing up for the project involving the extension of Namibia’s Continental Shelf margin beyond 200 nautical miles. In preparation for this endeavor, which includes readiness to defend Namibia’s claim before the United Nations Commission on the Limits of the Continental...
By Freeman Ya Ngulu. The African economy grew at 3.8% in 2023. The projected growth for 2024 is 4.0%. The Commissioner for the African Union for Economic Development, Tourism, Trade, Industry, Minerals, HE Ambassador Albert Muchanga said at the Conference on Implementation Strategies for the African Continental Free Trade Area, held in Nairobi, Kenya, that...
Martina Biene, Volkswagen Group South Africa’s (VWSA) Chairperson and Managing Director takes over as President of the African Association of Automotive Manufacturers (AAAM) from Mike Whitfield who has been President since July 2020. Mike will remain on the Executive of AAAM as the Immediate Past President. The AAAM was established in November 2015 with Jeff...
The Namibian Stock Exchange has been awarded as the 2023 winner for Best Stock Exchange Management (Africa) from Capital Finance International (CFI.co.) The NSX in a statement this week said it was recognised for, among others, positioning itself as a stable and efficient alternative market for addressing regional issuer needs through its established strategic partnership...
NDN Staffer CAPE TOWN, Sept. 9 – As the Rugby World Cup 2023 draws near, Herbert Mensah, the newly elected President of Rugby Africa, has extended his warm wishes and support to Namibia’s national rugby team. In a heartfelt letter addressed to Petrie Theron, President of the Namibia Rugby Union, Mensah emphasizes the unity and...
Nigeria’s senior women basketball team, D’Tigress, on Saturday defeated Senegal 84-74 to win the 2023 Afrobasket Championship in Kigali, Rwanda. The News Agency of Nigeria (NAN) reports that the team put up superlative performances to win the title for a fourth consecutive time. They had much in abundance in Amy Okonkwo, Murjanatu Musa, Sarah Ogoke...
By Adolf Kaure. The Chief Executive of the Namibian Ports Authority (Namport), Andrew Kanime stated that the Africa Continental Free Trade Area would boost intra-African trade which is currently not sustainable. Kanime made this statement during the nineteenth Dr Theo-Ben Gurirab lecture series on the Africa Continental Free Trade Area agreement (AfCFTA) held in Swakopmund...
With the prevalent dependency of African economies on external supply of fertilizers and grains and up to 30% of cereals imported from Russia, ensuring that critical trade flows continue uninhibited, remains the priority of Afreximbank (www.Afreximbank.com) and its African member states. The lingering global food security challenges and the critical role trade with Russia plays...
By Adolf Kaure. The Governor of the Bank of Namibia Johannes !Gawaxab said the debate of introducing an African currency for the whole continent is still a far cry from reality. !Gawaxab made these remarks during a Common Monetary Areas (CMA) governors’ meeting recently held in Swakopmund. “To achieve this, we know that macroeconomic convergence...