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 27, 2024
Tag: Gawaxab
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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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!Gawaxab praises Geingob’s dedication – The Namibian
Bank of Namibia governor Johannes !Gawaxab in his tribute to president Hage Geingob praised him for, among others, his dedication to the public service. This came after Geingob signed off on the appointment of new members to the central bank’s board weeks before his death while he was in poor health. Stay informed with The...
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!Gawaxab defends banks’ profit-making
Amid public criticism of exorbitant fees and charges leading to alleged excessive profits for commercial banks, the Bank of Namibia (BoN) maintains there is no inherent problem with banks generating profits. Central bank governor Johannes !Gawaxab, while addressing a parliamentary standing committee on the matter yesterday, said banks should be allowed to make profits like...
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!Gawaxab fordert Förderung der ländlichen Gebiete
Zentralbankchef Johannes !Gawaxab auf dem 24. Symposium der Zentralbank in Windhoek; © Bank of Namibia Zentralbankchef Johannes !Gawaxab hat vermehrte Unterstützung für die ländlichen Gebiete des Landes gefordert. Um integrative Entwicklung zu erhalten, müsse Namibia diese Gebiete wiederbeleben, so !Gawaxab im Rahmen des jährlichen Symposiums der Zentralbank: „Die ländlichen Gebiete scheinen vergessen worden zu sein...
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Hydrogen industry expected to contribute US$4.1 billion to GDP by 2030 – !Gawaxab
The Bank of Namibia (BoN) projects that the country’s burgeoning hydrogen industry could contribute US$4.1 billion to Namibia’s gross domestic product (GDP) by 2030, representing a 32% increase compared to estimates without this industry. Speaking to attendees at the Bloomberg ‘Namibia in Focus’ event in Windhoek on Tuesday, the central bank governor, Johannes !Gawaxab, said...
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!Gawaxab delivers empowering keynote address at Bloomberg’s flagship event
Bank of Namibia Governor Johannes !Gawaxab stated that Namibia’s political stability, robust institutions, and abundant natural resources make it a beacon of progress and stability. !Gawaxab made these remarks during his keynote address at Bloomberg’s flagship event on Tuesday in Windhoek, titled “Namibia in Focus” to underscore the country’s commitment to showcasing its vast potential...
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!Gawaxab optimistisch für wirtschaftliche Zukunft Namibias
Zentralbankchef Johannes !Gawaxab © Bank of Namibia / Facebook Zentralbankchef Johannes !Gawaxab hat ein strahlendes Bild der wirtschaftlichen Zukunft Namibias gemalt. Im Rahmen einer Bloomberg-Veranstaltung in Windhoek erklärte er, dass Nambia perfekt gerüstet sei, um durch Wasserstoff, Öl und Gas zum weltweiten Energiebedarf beizutragen. Allein die Wasserstoffindustrie könnte Namibias Bruttoinlandsprodukt bis 2030 um ein Drittel...
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Governor !Gawaxab addresses Bloomberg’s flagship event in Namibia – Business Express
The Governor of the Bank of Namibia, Johannes !Gawaxab, took centre stage today at Bloomberg’s flagship event in Namibia titled “Namibia in Focus” to underscore Namibia’s commitment to showcasing its vast potential as a prime investment destination. In his keynote address, Governor !Gawaxab provided a comprehensive analysis of Namibia’s economic landscape, highlighting its accomplishments and...