Following a survey instituted into Namibia’s tourism sector, research experts Simonis Storm has said that despite the survey showing a contribution of about 4% to nominal GDP, they believe the true contribution to be in the region of 15% to 18% of the Namibian economy. Of the eight associations in the industry, the research firm...
On the occasion of the International Day for People of African Descent, a group of UN experts issue the following Joint Statement: “The International Day for People of African Descent is a day to acknowledge and remember the historic and ongoing triumphs as well as struggles of people of African descent to realise their human...
JOHANNESBURG, Aug. 29 — The Global South, with BRICS’ inclusiveness, can speak in one voice and redress the global imbalances that have long been plaguing the world, experts have said. “BRICS Plus is probably much more inclusive and its inclusivity does not ostracize or eliminate people because of certain political values,” Farhana Paruk, a professor...
The economic landscape of any nation is a maze of interconnected sectors, each with its unique opportunities and challenges. Namibia is no exception. The recent Momentum High Table Discussions powered by the Stellenbosch Business School provided a deeper exploration of the challenges and potential solutions for economic diversification and sustainable development in Namibia. Guided by...
At Otjiwarongo, over 50 experts in agriculture are participating in a workshop. They’re set to create a document that will aid farmers in enhancing food production amidst the challenges posed by climate change. The two-day event is jointly organised and facilitated by ecologists, agronomists and statisticians of the Ministry of Agriculture, Water, and Land Reform,...
Legal consultant Dianne Hubbard says it is important for Namibians to appreciate and uphold the separation of powers as it provides a vital system of ‘checks and balances’. This system, to which Namibia is subscribed, divides the state into three branches – the legislative, executive, and judicial branches. Hubbard warns against any attempts to undermine...
Former presidential economic adviser and incoming chief executive officer (CEO) of the Development Bank of Namibia, John Steytler, has called for the immediate removal of underperforming chief executive officers and board members from state-owned enterprises. As the country’s key investor, Steytler said the government should have taken a more active role in ensuring the success...
Research experts, Simonis Storm have revealed that they expect the Central Bank, Bank of Namibia (BoN), to hike repo rate by a further 50bps in its next two meetings as the cost of borrowing for Namibians continues to sour. Providing an analytical view of Namibia’s second quarter economic performance, Simonis Storm also noted that there...
Financial experts yesterday strongly voiced opposition to the proposed amendments to the Close Corporations Act and Companies Act, which aim to abolish the registration of close corporations (CCs). This was said at the Namibia Corporate Law Reform summit held in Windhoek recently, where the technocrats argued that instead of completely eliminating CCs, the focus should...