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Namibian economics to the point - March 2020

31. mars 2020, inke - Economics

Good rains fell in many parts of Namibia in March, increasing the water levels of the dams, especially in the central parts of the country. The global Covid-19 crisis recently also hit Namibia. Despite a small number of confirmed cases to date (as of March 31, 2020: 11 cases), the government imposed a lockdown. On 20 March, the Namibian central bank cut the repo interest rate in order to support the local economy during the Covid-19 pandemic.

Namibian economics to the point - March 2020

Namibia builds resilience to climate change

13. mars 2020, inke - Economics, Environment

Developing countries are particularly vulnerable to climate change as heavy rainfalls and floods in Mozambique and Zimbabwe during 2019 among others have shown, affecting thousands of people, who lost their homes, crops and livestock. Other countries in southern Africa, including Namibia endured the other extreme, namely drought over the past years. Climate change adaptation and mitigation is very costly and requires mobilisation of funds and a good oversight during implementation.

Namibia builds resilience to climate change

Namibian economics to the point - February 2020

28. février 2020, inke - Economics

Namibia has received widespread good rains in the second half of February, which also improved water levels of several dams. The high-level economic panel presented its final report to President Hage Geingob with recommendations for an improved economy. Namibia has started exporting beef to the USA. The Ministry of Environment and Tourism has started erecting a fence around Etosha National Park with its own staff members after bids of companies were regarded as too costly.

Namibian economics to the point - February 2020

Namibia’s Constitutional Committee meets again

09. février 2020, koney - Economics

In commemorating, appreciating and supporting efforts to keep the Constitution in the souls of all generations Gondwana Collection invited the living members of the Constitutional Committee to be part of The Great Conversation which was a historic reunion of our living Constitutional writers. It was held on 30 January 2020 in the Constitution Room of the Parliament Building in Windhoek where the Constituent Committee gathered 30 years ago.

Namibia’s Constitutional Committee meets again

Namibian economics to the point - January 2020

31. janvier 2020, inke - Economics

In his New Year’s message, President Hage Geingob announced that he would reduce the size of his new Cabinet, which will be sworn in during the 30th anniversary of Namibia’s independence end of March. Japan secures supply of rare earths from Namibia by becoming a partner in the promising Lofdale exploration project near Khorixas. Namibia’s inflation increased slightly to 2.6 percent at 31 December (November: 2.5%), the national statistics authority announced mid-January.

Namibian economics to the point - January 2020

Jojoba oil: liquid ‘gold’ from the Namib Desert

17. janvier 2020, inke - Economics

A new project has recently been launched in the Erongo Region. Valuable organic oil is obtained from the nuts of the evergreen jojoba plant: good for the cosmetics industry and a livelihood for rural residents near the Omaruru River. The first jojoba festival took place at the end of 2019 in the vicinity of the Omdel Dam east of Henties Bay - right in the middle of the desert!

Jojoba oil: liquid ‘gold’ from the Namib Desert

Namibian economics to the point - December 2019

31. décembre 2019, inke - Economics

The Bank of Namibia kept its repo rate unchanged at 6.5 percent this month. Namibia’s Inflation stood at 2.5 percent at the end of November (October: 3.0%), the national statistics authority announced just before the summer break. Local economists called on the BoN to lower its repo rate in early 2020 due to the low inflation rates. The ancestral land commission submitted its interim report to President Hage Geingob this month. The report has not been made public. The final report must be submitted end of March 2020.

Namibian economics to the point - December 2019

Namibian economics to the point - November 2019

29. novembre 2019, inke - Economics

Finance Minister Calle Schlettwein launched a N$98 million financing strategy for SMEs and youth enterprises in all 121 constituencies of Namibia. Germany’s KfW development bank and the banking arm of Namibia Postal Services signed a N$325 million (about 20 million Euros) loan facility. Inflation in Namibia stood at 3.0 percent at the end of October, according to the National Statistics Agency (NSA).

Namibian economics to the point - November 2019

Namibia plans future water supply

15. novembre 2019, inke - Economics

Namibia has experienced an increase in natural disasters in recent years with northern areas having to cope with floodwaters in 2008-09; and the drought since 2016 is proof of the opposite extreme. Namibia is regarded as the driest country in sub-Saharan Africa with low and erratic rainfall. Namibia’s history of water supply development spreads over a hundred years. The water of its few perennial rivers, Kunene, Okavango, Zambezi and Orange is shared with neighbouring countries.

Namibia plans future water supply

Namibian economics to the point - October 2019

31. octobre 2019, inke - Economics

President Hage Geingob attended the first Russia-Africa summit with other heads of state. No known concrete deals were finalised for Namibia. Finance Minister Calle Schlettwein tabled a review of the national budget in the National Assembly. The Bank of Namibia retained its repo rate as expected at 6.50 percent. Inflation levels dropped to 3.3 percent in September (August: 3.7%).

Namibian economics to the point - October 2019

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