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November 2, 2024
Tag: growth
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President Mbumba urges stability in Luderitz amidst anticipated economic growth
As the town of Luderitz is anticipating growth in economic activity, President Nangolo Mbumba called for stability to prevail as one of the enabling factors. Dr. Mbumba was on a working visit to Luderitz in the ||Kharas Region. The envisaged green hydrogen and ammonia productions are expected to start, and different industry stakeholders are preparing...
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Population Growth and Namibia’s Budget – Opinion
Addressing the challenges faced by the country’s youth population requires a multifaceted approach. It has increased to 71%, according to the latest statistics released by the Namibia Statistics Agency. This would encompass both adequate funding and effective policy implementation, proper structures and vocation-based education. While there have been efforts to address these issues, there are...
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Karibib economic growth and development
The Chairperson of the Karibib Town Council, Lazarus Kanelombe, shared the town’s journey of economic growth and development before and after independence. Karibib is located on the main road between the capital city of Windhoek and the coastal town of Swakopmund, about 100km west of Okahandja. Karibib exists today mostly due to the railway development...
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eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation
Founder Glenn Sanford remains as Chairman and CEO of eXp World Holdings to Drive Overall Company Performance eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation Founder Glenn Sanford remains as Chairman and CEO of eXp World Holdings to Drive Overall Company Performance BELLINGHAM, Wash., April 05, 2024 (GLOBE...
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Key Trustco Shareholder Extends Loan Agreement, Enhancing Growth Opportunities
Trustco Group Holdings Limited (“Trustco”) is pleased to announce that Next Capital (Pty) Ltd (“Next”), a key shareholder and lender to the Company, has elected to extend the repayment date for a N$1 billion related party loan. The decision comes as Trustco and Next engage in negotiations that could see the loan converted into an...
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Electricity, water drive GDP growth in 2023 – Business Express
In 2023, the main drivers of GDP growth were the electricity and water sector, experiencing a notable expansion of 27.9%, a significant increase from 11.9% in 2022, a recent report by Simonis Storms reveals. Additionally, the mining and quarrying sector contributed 18.9%, albeit showing a slowdown from the 24.0% recorded in 2022. The wholesale and...
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Population Growth: The Implications for Land Tenure and Food Security in Communal Areas – Opinion
Namibia’s 2023 preliminary census figures show that the national population has increased by about 43,9% since 2011. Specifically, the recently released figures show a population increase in the four north-central regions which are largely covered by the communal land tenure system. This increase in the number of people means an increase in competing interests in...
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State Push For Good Nutrition To Spur Growth.
the government wants players in food systems to ensure that the citizens were nourished with healthy food to spur economic growth and development. Agriculture and livestock production Cabinet secretary Mithika Linturi expressed fears that the country continues to face the triple burden of malnutrition characterized by under-nutrition, hidden hunger and over nutrition which was counterproductive...