Economy (489)

The Namibia Statistics Agency (NSA) says the country’s inflation increased by 7.2% last month compared to 4.5% recorded in March 2022.

Ethics and governance are often seen as a set of rules, morals, systems and standards that need to be complied to, however, ethics is moving towards value-driven leadership and not merely a ticking off exercise.

Power tariffs in the country are set to go up during the fiscal year 2023/2024 due to high inflationary pressures and poor rainfall, which could weigh on electricity production from the Ruacana power station, analysts have warned.

Mines and Energy Minister Tom Alweendo says policing alone will not curb rampant fuel smuggling in the northern part of the country for as long as local pricing remains high.

President Hage Geingob has called for collaboration between Namibia and Russia in the agriculture and green hydrogen sectors while putting an emphasis on poverty eradication in the country.

Thirty-three years of self-governance later, Namibia is undoubtedly on the cusp of an economic breakthrough due to the discovery of oil off our coastline and the burgeoning green hydrogen industry.

 The government of Angola says it is considering investing in Namibia's oil sector following the recent discovery of three commercial wells off the country’s western coast. 

Namibia has attracted potential investment worth N$161 billion as of March 2023, with a potential to create 122,000 new jobs in the country, Namibia Investment Promotion and Development Board (NIPDB)‘s Chief Executive Officer and Chairperson Nangula Uaandja has revealed. 

Namibia is on track to experience seven years of an economic boom, according to former Presidential economic Advisor, John Steytler.

The Landless People’s Movement (LPM) has suggested that a moratorium be effected on the mining of lithium that is happening at Uis in the Erongo Region until such a time the total value of the rare-earth mineral has been determined.