Namibia witnessed a significant increase in mining activity and substantial growth in the wholesale and retail trade sector, contributing significantly to economic growth over the past year, a new report shows. According to PSG Wealth, the mining and quarrying sector recorded a 51.7% y/y growth attributed to substantial increases in metal ores mining and uranium...
Namiba is a beneficiary of a trilateral cooperation initiative aimed at strengthening protected and conserved areas in the country and in Zambia. This is in accordance with the International Union for the Conservation of Nature (IUCN)’s Green List Certification Standards, with technical support from China. The objective of the project is to ensure that at...
NAMIBIA’S economy displayed resilience in the third quarter of 2023, largely due to the strength of its primary industries – particularly mining and agriculture. This is according to an overview by Simonis Storm Securities, which says the economy continues to demonstrate growth rates not seen in a decade, as indicated by the latest data for...
WINDHOEK, Dec. 7 — A Namibian enterprise is promoting the art of culinary expertise to grow business amid the country’s burgeoning tourism industry. Three years ago, Dalene Stephanus established Food Lab to cater to corporate events and functions in Swakopmund, a coastal city in Namibia. Through extensive research, she identified a culinary culture gap spurred...
Namibia recorded a surge in foreign direct investment (FDI) during the first two quarters of 2023, reaching a record N$19 billion, a development attributed to mainly oil and gas investments and the acquisition of Namibia Breweries by Heineken. The figure accounts for 16.83% of the country’s gross domestic product (GDP), surpassing any annual inflow on...
Household credit extension remains a key driver in the growth of Private Sector Credit Extension, exhibiting a moderate increase of 4.2% y/y in October 2023. According to Simonis Storm, this is an escalation from the 2.8% y/y growth seen in October 2022, albeit a slight decrease from the 4.3% y/y recorded in September 2023. “The...
//Kharas governor Aletha Frederick says the Public Enterprises Ownership Policy currently under consultation should be able to position state-owned enterprises (SOEs) to drive economic growth in the country. Frederick says public enterprises (PEs) play a significant role in the economy as they contribute to growth, employment creation and the provision of essential services. She notes...
UK, Oct. 23, 2023 (GLOBE NEWSWIRE) — October 23rd, London, UK Dom Marchant, Chief Creative Officer, joins the executive leadership team at OPEN Health with a new vision to drive the creative communications practice Dom will be responsible for leading the company’s overall creative strategy, with a specific focus on the creative communications practice, which...
200m Toyko 2020 Olympics Silver Medalist, Christine Mboma, signed an agreement with Rob Youth Foundation which will see the Foundation being awarded the opportunity to sell allocated merchandise of Mboma streetwear and 10% of the proceeds from each item sold will be donated to the Foundation. The Foundation said this is a contribution to their...