The prime minister of the Pacific Island nation has recently gone on a home-building spree, constructing eight valuable new houses in and around the capital city of Honiara. Manasseh Sogavare, the four-time prime minister of Solomon Islands, speaks proudly of his humble origins as a school dropout who once earned a living cleaning toilets and...
Martin Endjala President Nangolo Mbumba, yesterday said since the establishment of the Welwitschia Sovereign Wealth Fund, its investment returns have grown from the initial seed capital of N$262 million to N$425 million. The Fund was created in preparation for a bountiful harvest to come. Mbumba said this during the State of the Nation Address in...
Namibia is doing well as far as many health aspects are concerned. To date, the ratio of communicable to non-communicable diseases is 50:50. With regards to the prevention of mother-to-child transfer of HIV-AIDS we are better off than South Africa even, although there is a need for sustained efforts to end AIDS by 2030. In...
Old Mutual Wealth recently announced its sponsorship of the Old Mutual Wealth Equestrian Development Series, signaling a strong commitment to brand innovation and community involvement. The series which began last week, is the first of three events planned for the year, drawing in 120 riders so far. Wikus Fourie, Chief Executive of Old Mutual Wealth,...
By Diane Coyle, Professor of Public Policy at the University of Cambridge, and author of Cogs and Monsters: What Economics Is, and What It Should Be (Princeton University Press, 2021). Cambridge – One of the defining economic challenges of our time is how to distribute the value generated by groundbreaking technologies, such as generative artificial...
Die Finanzanalysten von PSG Wealth Namibia gehen in diesem Jahr von einem sehr robusten Wirtschaftswachstum aus. Dieses soll einem Bericht nach bei 3,8 Prozent liegen. Die Voraussage übertrifft die vom Internationalen Währungsfonds (IWF) von 3,2 Prozent und der Weltbank von 2,8 Prozent deutlich. 2024 werde der Export aber zurückgehen und […] Der Beitrag PSG Wealth:...
In June 2022, Trustco Life unveiled its pioneering TDIP6a.22. This innovative program, aimed to contribute to Namibia’s educational advancement by raising local funds in support of tertiary students’ education, offered above average returns, and provided Namibians with a unique opportunity to invest locally. Since its inception, TDIP6a.22, with a limited investment cap of N$50,000,000, attracted...
A coup in Gabon has marked the end of over half a century of unbroken dynastic rule during which the Bongo family accumulated enormous wealth both at home and offshore, as revealed by the Pandora Papers and several other investigations. Soldiers seized power in the Central African nation last Wednesday, just hours after ailing president...
By Elezo Libanda Namibia, classified as an upper-middle-income country by the World Bank, continues to grapple with pervasive poverty and extreme wealth disparities. The impact of poverty is particularly acute in the northern regions of Zambezi, Kavango, Oshikoto, Kunene, and Ohangwena. The stark contrast between Namibia’s high income and the simultaneous prevalence of poverty can...