Economy (397)

Last week, I presented at a conference hosted by the Namibian Institute of Corporate Governance (NICG). A question posed by the moderator lingered, long after the conference had ended: ‘How is Namibia faring in terms of natural resource governance for the benefit of Namibia and her people?’

It’s been more than three years since the start of the global pandemic, and during this period, we’ve heard about how organisations and even individuals must become resilient. 

Despite a boost in global economic activities recorded in 2022, overall growth in international economic activities for 2023 is likely to remain subdued.

President Hage Geingob has revealed that equity injections in exploration activities related to the offshore oil discoveries boosted the country’s Foreign Direct Investment, with N$13.2 billion, translating into a 7.2% of Gross Domestic Product (GDP) during the first nine months of 2022.

Namibia is set to construct a district hospital in Windhoek with a capacity of 300 beds.

Namibia has launched an online system for work visa and passport applications.

 Financial, investment, and legal industry players convened to deliberate and share ideas on how organizations can rise and grow post-COVID-19 and finance sustainable projects.

Namibia's annual inflation rate for February 2023 has significantly increased to 7.2%, compared to 4.5% recorded in February 2022, according to official figures.

Namibia's Ministry of Industrialisation and Trade (MIT) is taking steps to tackle global warming by developing a National Cooling Strategy aimed at decarbonizing the Refrigeration and Air-Conditioning (RAC) sector.

The German Federal Ministry of Education and Research (BMBF), the Southern African Science Services Centre for Climate Change and Adaptive Land Management (SASSCAL) as well as the Western African Science Centre for Climate Change and Adaptive Land Use (WASCAL) have signed a declaration that will see the three organisations jointly counter effects of climate change.

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