As part of its ongoing efforts to promote the Namibia Logistics Hub Project, the Walvis Bay Corridor Group (WBCG), with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ),
Namibia has weighed the possibility of delinking its currency from the South African rand, President Hage Geingob revealed on Wednesday, saying that his administration had commissioned a study to look at the possibility.
The Namibian economy plunged deeper into recession in the third quarter, with growth contracting by 1.9 percent compared to a decline of 0.4 percent recorded in the same period in 2016, the Namibian Statistics Agency said on Thursday.
This year will go down in history as the year that Namibia, once a shining economic star in Africa, had its credit rating downgraded by both Moody’s and Fitch, two of the three leading international credit rating agencies in the world.
The recent collapse of the South African diversified company, Steinhoff, following revelation of a tax investigation by Germany authorities, could directly or indirectly affect Namibia, analysts have said.
The International Monetary Fund (IMF) expects Namibia’s economic growth to be in negative territory this year, compared to a growth of 1.1 percent in 2016, as mining firms plan no new construction and government cuts spending.
Data presented by the Global TB Caucus on Wednesday, December 6, shows that Namibia needs at least N$26 billion to treat Tuberculosis (TB) between 2015 and 2030.
Namibia has been given up to June 2019 to clear its “tax haven mess” or risk being slapped with “tough” unspecified sanctions, Head of the European Union (EU) Delegation to Namibia has said.
They say that ‘Imitation is the sincerest form of flattery’, so it is in that upbeat vein that I marvelled at this year’s Namibian version of the American “Black Friday” (BF) sales shopping furore.