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September 19, 2024
Tag: stability
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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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Shaanika urges AU Peace and Security Council to revive Africa’s stability
By Adolf Kaure. The Deputy Executive Director for Multilateral Relations and Cooperation at the Ministry of International Relations and Cooperation, Jerobeam Shaanika stated that crisis of governance undermines confidence which breeds instability on the African continent. Shaanika said this during the closing ceremony of the two-day African Union (AU) Peace and Security Council (PSC) induction...
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Central bank committed to maintaining price stability
Bank of Namibia governor, Johannes !Gawaxab says the central bank is committed to maintaining price stability and fostering sustainable economic growth. He said this after the bank hosted a monetary policy strategy session to bolster the understanding and implementation of monetary policy within the country. The session was held on Monday and saw representation from...
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Our peace and stability should makeall Namibians proud – Mbumba
President Nangolo Mbumba says Namibians should be proud of the peaceful and stable country they live in, which is the envy of many nations across the globe. “Namibia is a vibrant democracy, with a government with a strong resolve to guarantee the fundamental rights and freedoms which are the prerequisite for a peaceful, united and...
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ECB assures electricity stability for next 2 years
The Electricity Control Board (ECB) has assured Namibians that the country will not experience load-shedding for the next two years. ECB Chief Executive Officer Robert Kahimise attributed the positive outlook to crucial bilateral agreements, particularly with neighbouring Zambia. “In the foreseeable future, we are talking about how long our bilateral agreements, particularly with Zambia, will...
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Criminal activities should not disturb our peace and stability – Kawana
The minister of home affairs, immigration, safety and security, Albert Kawana, cautioned Namibians not to allow the nation’s peace and stability to be disrupted by escalating criminal activities. He made these remarks when he officiated at the groundbreaking ceremony of the construction of Greenwell Matongo Class-B Police Station, which will be built at a cost...
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Competition for Africa’s raw minerals threatens global stability – Nandi-Ndaitwah
Deputy prime minister and international relations and cooperation minister Netumbo Nandi-Ndaitwah says the current competition among major world powers for access and control of Africa’s critical raw minerals has recreated a scenario last experienced during the World War II. Nandi-Ndaitwah was speaking during the 9th session of the heads of mission conference in Windhoek yesterday....
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To Avert a “Lost Decade,” Africa Must Urgently Achieve Stability, Increase Growth, and Create Jobs
Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery. According to the latest World Bank Africa’s Pulse report, rising instability, weak growth in the region’s largest economies, and lingering uncertainty in the global economy are dragging down growth prospects in the region. Economic growth in Sub-Saharan Africa is forecast to decelerate to 2.5%...
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NAMFISA advocates for financial stability amidst a decline in loan book value – Windhoek Observer
Martin Endjala The Namibia Financial Institutions Supervisory Authority (NAMFISA) has announced a year-on-year decline of 7.8 percent in the value of its loan book at the end of 2022, amounting to N$6.7 billion. This is largely attributed to the value of the loan book being dominated by the stock for term lenders, which accounted for...