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Posts by Edgar Brandt:
WINDHOEK - South Africa has been overtaken by the world’s second largest economy, China, as Namibia’s single biggest export market. This is according to the Namiåbia Statistics Agency (NSA) trade statistics for the first quarter of 2018 which indicated that Namibian exports to China grew by an astounding 779 percent compared to the previous quarter, while exports to neighbouring South Africa only WINDHOEK - In the small fraternity of economic analysts, Claudia Boamah is making waves in this traditionally male-dominated profession, with her economic forecasts and proposals on economic policy attracting attention from the highest echelons. During a recent investment summit in the capital, Boamah suggested that if Namibians are indeed forward thinkers, then we need to know what the potential WINDHOEK– Despite Namibia being in the process of becoming more self-sufficient in terms of electricity production, the country is still overly reliant on sourcing power from neighbouring countries as it still imports approximately 60 percent of its electricity requirements. Due to this factor, the country has to identify new means to generate more electricity locally and to make it more accessibl WINDHOEK - An overarching theme at yesterday’s Southern African Development Community (SADC) Secretariat briefing on infrastructure and services, which included an overview of regional renewable energy ventures, was the stagnation of crucial projects in the region, most of which require additional and alternative sources of funding. WINDHOEK - Member States of the Southern African Development Community (SADC) actually produce more electricity than they require at peak demand but because not all member states are connected to the regional electricity grid, this excess energy cannot be shared with member states that do not generate sufficient amounts of energy for their respective populations. When considering SADC’s current pe WINDHOEK - Given the massive volumes of trucks and their heavy cargoes that utilise the Walvis Bay Corridor between the port of Walvis Bay and Zambia, the Walvis Bay Corridor Group (WBCG) has reiterated the great importance of the costly maintenance of Namibia’s roads. WINDHOEK - The latest results from the Namibia Financial Inclusion Survey (NFIS) indicate that the country’s banking population increased to 67.9 percent in 2017, up from 45 percent in 2011. In addition, the majority of the eligible banking population, 64.7 percent, said they consider Automated Teller Machines the most comfortable banking channel followed by bank branches at just over 58 percent. WINDHOEK - The latest assessment of the Namibian economy by international ratings agency, Fitch Ratings, on Monday affirmed a sub-investment grade rating of BB+ with a stable outlook. Local economists believe that this assessment is a confirmation for continued fiscal consolidation efforts, which have thus far been slow as government struggles to balance consolidation with adequate economic growth WINDHOEK - Namibia needs smart policies that balance the need to address the major social challenges of poverty, inequality and unemployment, coupled with having to remain attractive to domestic and foreign investors, analysts and economists said this week. Such policies require a continuation of the close cooperation between the public and private sectors, which if implemented effectively will ev WINDHOEK – Southern Africa’s youth hold the potential as an engine for growth for the region and are key to achieving the region’s overall objectives, with prospects to bring innovative ideas and solutions. WINDHOEK – A preliminary investigation by the Namibian Competition Commission (NaCC), in terms of section 36 of the Competition Commission Act, has found that various short-term insurance companies have engaged in collusive conduct, specifically price fixing by setting maximum mark-up rates that panel beaters should charge for repairs to insured vehicles. Mark-up rates refer to the margins that pa WINDHOEK - There has been speculations in recent years as to the real reason behind the removal of Libya’s Muammar Gaddafi with one of the most popular theories being that he was in the process of establishing a single gold-backed currency for Africa called the Gold Dinar. WINDHOEK - While the industrial economy in the past required mostly land, labour and capital, the new emerging economy uses creative industries to produce meanings from the world of ideas. In the past, creativity and industry were not generally linked but nowadays the notion that arts and creativity serve as major economic drivers is fast gaining impetus. WINDHOEK – The African Development Bank (AfDB) is considering increasing its direct funding of bankable projects of the continent’s private sector, given the sector’s propensity to drive economic growth, generate decent jobs and create increased opportunities for more inclusive and green growth. This was revealed by African Development Bank Executive Director, Mihe Gaomab II, who noted that privat Fisheries and Marine Resources Minister Bernard Esau yesterday stressed that the deadlines for the application of fishing rights will not be extended. Elso Holdings, a 100 percent Namibian-owned manufacturer of biodegradable toxic-free cleaning products, paper and cleaning equipment, says it is investing millions of dollars over the next three to five years in the expansion of its production facilities in Namibia as it aims to serve the Namibian market and eyes both regional and other international destinations. WINDHOEK - NamWater on Friday confirmed that it will commence with the construction of a de-fluoridation plant at the massive Ohangwena aquifer in northern Namibia. WINDHOEK –The latest annual report from the Namibia Financial Institutions Supervisory Authority (Namfisa), which was released last Thursday, indicates that the authority’s total income for the 2017/18 financial year was N$149.4 million, which was 35 percent, or N$80.4 million, lower than the budgeted amount of N$229.8 million. WINDHOEK – The Namibian delegation attending the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing is expected to put final touches of the deal allowing China to fund the upgrades of the Hosea Kutako International Airport outside Windhoek. WINDHOEK – Both internal and external consultations regarding Namibia’s anticipated signature to the Single African Air Transport Market (SAATM), which was launched in Addis Ababa, Ethiopia, at the end of January this year, have now been completed.