The Namibia Tourism Satellite Account (TSA) report has shown that the tourism sector contributed N$14,3 billion in 2022 with the total national gross domestic product (GDP) standing at N$206,2 billion. According to the report, which was launched in Windhoek yesterday, tourism’s direct gross value added stood at N$13,2 billion. The director of tourism and gaming...
Tourism played a significant role in Namibia’s economy in 2022, generating N$14.3 billion accounting for 7% of GDP, a new Tourism Satellite Account (TSA) report says. According to the Ministry of Environment, Forestry and Tourism Director for Tourism and Gaming, Sebulon Chicalu, the revenue was generated due to 527,610 inbound visitors. “The majority of these...
Martin Endjala In a determined effort to combat Gender-Based Violence (GBV) in the country, the European Union (EU) has announced a contribution of N$28 million to fight the scourge in targeted regions. Speaking at the launch of the Combating GBV campaign and the signing of the contribution agreement in Windhoek yesterday, titled “Gender Equality/Combating Gender-Based...
A young entrepreneur from Okaruikombungu Village in the Otjombinde Constituency, Kahitee Keeja, is determined to keep the garden project she runs going despite the limited resources at her disposal. Food sustainability and job creation are key reasons for this determination, she tells nbc News during a visit to her two-hectare garden project in Omaheke Region....
Bank Windhoek is a proud supporter of the development of arts and culture in Namibia and has contributed N$650,000 towards the Windhoek Jazz Festival. The Festival returns to the Windhoek stage on Saturday, 7 October 2023, at Vegkop Stadium, located at Windhoek High School. Bank Windhoek’s Head of Stakeholder Engagement, Corporate Social Responsibility, and Sponsorships,...
Capricorn Group Limited has increased its value created in the Namibian economy by N$728 million to N$4.4 billion compared to the previous financial year, the Group has said in its annual financial results for the year ended 30 June 2023. Of the total value created, 26.4% is represented by staff remuneration and benefits, 18.3% was...
Bank Windhoek and the Capricorn Foundation have made a contribution of N$1 million to the National Training Authority (NTA) in support of the third national skills competition to be held at Ongwediva from 25 to 30 September. According to a statement from the bank, the competition will showcase 14 skill sets, including automotive technology, bricklaying,...
The local tourism industry has an estimated direct socio-economic contribution to the Namibian economy and society of N$7,7 billion or 3,7% of nominal gross domestic product (GDP) and an indirect contribution of N$24,8 billion, or 12,0% of nominal GDP. This is based on a Simonis Storm Securities socio-economic study commissioned by the Federation of Namibian...
THE cultural and heritage sector contributes US$2,25 trillion to the global economy and has created 30 million jobs worldwide, according to Unesco. This was said by deputy minister of basic education Faustina Caley yesterday, when she called on cultural artists in Namibia to continue the push to put the country on the global map and...