Bank Windhoek’s Chief Treasurer, Claire Hobbs, said with the recent discovery of oil and gas off Namibia’s coast and the finds of high sought-after lithium, Namibia is becoming an attractive prospect for direct foreign investment, fast-tracking it for economic growth it needs.
Digital enabler and innovation front-runners MTC is in talks with the Orangemund OMDis leadership to scout digital transformative opportunities in the town.
A country that is greylisted is an indication the Financial Action Task Force (FATF), an international watchdog, has identified strategic deficiencies in
applicable systems to counter financial crimes.
The Namibia Revenue Agency (NamRA) surpassed its revenue-collection target for the 2022/23 financial year by N$4 billion. Last year, the State revenue collector was required to bring in N$53 billion in what was seen as an ambitious target then, but exceeded this and collected a total of N$57 billion.
In every discourse revolving around unemployment, education is deemed to be a key component. Education increases the volume of employables. This in turn indirectly increases the level of unemployment.
Malcolm X once said, “if you want to hide something from black people, put it in a book.” Although the quotation was used in the American context, it has been widely applied worldwide to humiliate Africans.
The debate about the advantages and disadvantages of obtaining one’s qualifications from a single university has been raging on for some time now.
On 13 April 2023, one of Africa’s finest brains, Julius Kambarage Nyerere would have turned 101 years old; had he been alive. In Tanzania he is still revered as both Mwalimu (teacher) and Baba wa Taifa (Father of the Nation).
The conventional view among economists is that higher interest rates lead to lower inflation. To substantiate my argument, since 2022, the Bank of Namibia increased the repo rate, which never curbs inflation.
The 25 basis points increase in the repo rate from 7.0% to 7.25% announced on 19 April 2023 by the Bank of Namibia will not address the root causes behind the current inflationary pressure. If anything at all, it will only harm the economy.