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...
November 18, 2024
Tag: optimism
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President Geingob expresses optimism for 2024
WINDHOEK: President Hage Geingob has expressed optimism about the year 2024, which he termed the year of expectations. In a New Year statement on Sunday, Geingob said the year 2023, which he christened the ‘Year of Revival’ was successful, and will continue into the new year with several major economic projects expected for commerce. ‘As...
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High cattle numbers bring optimism for Meatco
Meatco recorded increased cattle numbers coming through the Windhoek abattoir, resulting in good performances which generated between N$1207 million and N$290 million in revenue in May and June, respectively. According to a statement issued by the company on Tuesday, this provides hope that this performance could lead to a consolidated recovery for the company’s financial...