The concept of the green economy has extended prevalent acceptance and traction since the global financial crisis of 2008. The idea of assembling economies, societies, education, and training for climate change was reaffirmed at the United Nations 21st Conference of Parties in Paris in 2015 now known as the Paris Agreement. A green economy transition...
In the aftermath of Transparency International’s Corruption Perceptions Index (CPI) report, Namibia, maintaining its position at 59th with a score of 49, is under heightened scrutiny from the Institute for Public Policy Research (IPPR). Graham Hopwood, the Director of IPPR, stresses the necessity of sweeping reforms across key sectors to address persistent corruption challenges. Namibia’s...
Minister of labour, industrial relations and employment creation Utoni Nujoma has revealed that a proposal for a national minimum wage of N$18 per hour has been submitted to the Labour Advisory Council. He said this at the 11th elective congress of the Namibia Food and Allied Workers Union (Nafau), which was underway at Rietfontein on...
A don, Prof. Adeolu Adewuyi, says further development of Nigeria’s manufacturing sector is crucial to driving the production of value-added products and engendering the country’s competitiveness under the Africa Continental Free Trade Area (AfCFTA). Adewuyi, Professor of Economics, University of Ibadan, said this at the Manufacturers Association of Nigeria Export Promotion Group(MANEG) 6th Annual General...
The global economy is at a critical juncture, with varying growth rates among economies. The UN predicts a slowdown in global economic growth from 3% to 2.4% in 2023, with limited improvement in 2024. This underscores the need for financial system reforms, policies to address inflation, inequality, and sovereign debt, and increased oversight of critical...
Recent reforms to Namibia’s power sector have resulted in a more attractive operating environment for Independent Power Producers, from whom the Namibian government seeks to procure new generation capacity. Presently importing between 50-60% of its annual power consumption from the Southern African Power Pool, large-scale power generation projects and greater private sector participation will be...
The ministry of Finance and Public Enterprises says experts from the World Bank and the African Development Bank are assisting Namibia in establishing reforms to its procurement system, using the global standard of methodology for assessing procurement systems (Maps). The Maps assesses aspects of the procurement system related to value for money, fairness, transparency and...