Martin Endjala The Bank of Namibia’s (BoN) Governor, Johannes !Gawaxab has cautioned against the Dutch Disease stating that despite the oil and gas discoveries, growth is not guaranteed, due to the volatility of commodity prices. Dutch disease is a paradoxical situation where good news for one sector of the economy, such as the discovery of...
December 13, 2024
Tag: Dutch
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!Gawaxab warns against the ‘Dutch Disease,’ amid oil discoveries
The Bank of Namibia governor, Johannes !Gawaxab has warned the nation about the economic pitfall known as ‘Dutch Disease’, a phenomenon where nations with abundant natural resources experience economic stagnation. !Gawaxab highlighted this during a two-day stakeholder engagement held in Luderitz from Wednesday to Thursday. The engagement was aimed at tackling the economic ramifications of...
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Namibia: !gawaxab Warns of ‘Dutch Disease’ Amid Oil, Green Hydrogen Discoveries
Bank of Namibia governor Johannes !Gawaxab has cautioned against the phenomenon whereby the rapid development of the oil and gas and green hydrogen industries in Namibia may lead to a decline in investments in other vital sectors such as agriculture, fishing and tourism. While acknowledging the positive contributions of oil and gas exploration activities, as...
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Batting blitz puts Dutch on top
After Nicol Loftie-Eaton’s world record century against Nepal on Tuesday, Namibia were on the receiving end yesterday when they suffered a 59-run defeat to The Netherlands in Kirtipur. This time it was Dutch opener Michael Levitt who stole the show with a brilliant century as they racked up a huge 247/5 before restricting Namibia to...
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STX Group Announces Unique Financing Partnership With BioValue for Dutch Biomethane Plant
Amsterdam, Feb. 15, 2024 (GLOBE NEWSWIRE) — STX Group, a leading global firm in environmental commodities trading and climate finance, today announces the financing partnership with BioValue, a major Dutch biomethane producer, for the construction and development of the Groengas Cothen biomethane plant. The new plant adds at least 80GWh of renewable natural gas capacity...
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France smash records in 14-0 win, Dutch, Swiss and Romania qualify for Euro 2024
Kylian Mbappe scored a hat-trick in France’s record-breaking 14-0 thrashing of 10-man Gibraltar as the Netherlands, Switzerland and Romania booked their places at Euro 2024 on Saturday. Les Bleus set a new record margin of victory in European qualifying and a national record in a demolition of Gibraltar in Nice. Ethan Santos’ own goal, Marcus...
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Afghanistan defeat Dutch to boost World Cup semi-final bid
Afghanistan swept past the Netherlands by seven wickets on Friday to boost their chances of reaching the World Cup semi-finals. Chasing 180 to win, Afghanistan reached their target with 111 balls to spare to clinch a fourth win at the tournament to add to victories over defending champions England, Sri Lanka and Pakistan. They now...
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Maxwell, Warner star as Australia hand Dutch record World Cup rout
Glenn Maxwell’s fastest World Cup century off 40 balls and 104 by David Warner led Australia to a record World Cup 309-run rout of the Netherlands on Wednesday for their third straight victory at the tournament. Maxwell’s 106 off 44 balls laced with nine fours and eight sixes fired Australia to 399-8, a total their...
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Dutch gunman kills three – Future Media
In what is a rare occurrence for Holland, a gunman dressed in combat gear and wearing a bulletproof vest went on a shooting rampage at a house and a hospital in Rotterdam yesterday, killing a 14-year-old girl, her mother, and a teacher. The AFP news agency quotes Dutch police as saying they were still investigating...
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State targets assets of murdered Dutch man
A Dutch citizen who was murdered in an execution-style killing at Swakopmund in June last year was involved in the illegal drugs trade, the prosecutor general is saying in a sworn statement filed at the Windhoek High Court. Half a kilogramme of cocaine, items used to weigh and package cocaine, and N$2 000 in cash...