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Namibian economics to the point – September 2018

30. septembre 2018, inke - Economics

The second quarter saw Namibia’s economy shrink by 0.2 per cent. Petrol and diesel increased by 40 cents per litre, which marks the fourth fuel increase this year. Several multi-million Namibia Dollar investments in the fisheries, energy and business sectors were announced. President Hage Geingob touched down in Guinea and Canada en route to the UN General Assembly in New York during late September. Earlier this month, he attended the China-Africa summit in China. According to latest statistics, white people in Namibia still own 70 per cent of commercial farm land. 

Namibian economics to the point – September 2018

Quo vadis Namibia?

26. septembre 2018, inke - Economics, Gondwana Collection

Namibia gained independence in 1990 and has since become a politically and economically stable country. However, the country currently faces challenges including a high unemployment rate and the unresolved land issue. Where will Namibia be in 30 years? The German freelance journalist Fabian von Poser asked Gys Joubert this question. He is the Managing Director of Gondwana Collection Namibia, one of the leading tourism companies in the country.

Quo vadis Namibia?

Namibian economics to the point – August 2018

31. août 2018, inke - Economics

Namibia hosted the annual summit of the Southern African Development Community (SADC) this month. Namibia and Germany have signed a new N$2 billion (about 135 million Euros) cooperation agreement. Petrol and diesel prices increased by 25 cents a litre. The Director-General of the international Labour Organisation, Guy Riders visited Namibia. President Hage Geingob travelled to Indonesia and China at the end of August.  

Namibian economics to the point – August 2018

Walvis Bay port: new plans for 2025

10. août 2018, inke - Discover Namibia, Economics

Namibia is on an industrialisation drive and aims to become an international logistics hub for Southern Africa by 2025. The port of Walvis Bay is one of the key elements within these ambitious plans. A new container terminal of 40 hectares is currently constructed and will start operations in early 2019. A brand-new port is on the drawing cards and this goes hand in hand with a huge industrial park planned in close proximity.

Walvis Bay port: new plans for 2025

Namibian economics to the point – July 2018

31. juillet 2018, inke - Economics

President Hage Geingob signed the African Continental Free Trade Area (AfCFTA) agreement in Mauretania during a summit of the African Union this month. Geingob also attended the BRICS summit in South Africa. Inflation for June moved upwards from 3.8 to 4.0 percent, the National Statistics Agency announced. Petrol and diesel prices increased in July. Government officially announced that the second national land conference will take place from 1 to 5 October.

Namibian economics to the point – July 2018

Gondwana engages like-minded Namibian company as shareholder

06. juillet 2018, inke - Gondwana Collection, Economics

Gondwana Holdings Ltd and Nam-mic Financial Services Holdings (Pty) Ltd signed a subscription agreement on 3 July 2018. With the signing of the shareholding agreement Nam-mic Financial Services Holdings becomes a 10% shareholder of Gondwana Holdings Ltd. The capital invested flows directly into the expansion of the tourism group.

Gondwana engages like-minded Namibian company as shareholder

Namibian Economics to the point - June 2018

29. juin 2018, inke - Economics

Inflation for May 2018 was 3.6 percent, 0.2 percent higher than in April. According to the Namibia Statistics Agency, the economy showed 0.1 percent negative growth during the first quarter this year. The Ministry of Fisheries and Marine Resources announced that it will receive applications for fishing licences. The Police confiscated over 400 kilogrammes of cocaine with a worth of N$200 million (about 13.3 million Euros). In June, cold winter temperatures set in after a long summer spell with rain during May. 

Namibian Economics to the point - June 2018

Namibian Economics to the point – May 2018

01. juin 2018, inke - Economics

Unexpected rains in the middle of May also hit Namibia’s central coast, flooding streets at Walvis Bay and Swakopmund. Angola and Namibia agreed to a joint-development on a trans-frontier nature park on the Kunene River, along the common border. The Lufthansa subsidiary, Eurowings, introduced its first flight from Munich to Windhoek this month. Namibian scientist Japie van Zyl made his home country proud when launching the NASA Marslander Insight Mission in California, USA. According the Namibia Statistics Agency, inflation ticked slightly upwards to 3.6 percent in April, compared to 3.5 percent in March.

Namibian Economics to the point – May 2018

Namibia - a continent in one country

29. mai 2018, inke - Economics, Tourism

From the first time Namibia made headlines, the world took notice. In 1875, Charles John Andersson’s bestseller Notes of Travel in South-western Africa put the country on the map in the western world. People began to refer to the country by its geographical location. News of the natural beauty of the country soon spread – with its range of scenery from desert dunes to lush waterways, as well as its good infrastructure, stable democracy and press freedom. It has one of the fastest growing tourism sectors and has been ranked among the best and safest countries in Africa for travel. 

Namibia - a continent in one country

70 years of CYMOT – success fuelled by camaraderie

02. mai 2018, inke - Economics

His memories of CYMOT’s early years? The founder of the family business frowns. “Team spirit, good leadership and innovation”, he says, “that was our recipe for success. We are having a casual breakfast meeting with Claus Theissen, now 78 years old, and two companions who worked at CYMOT for decades. Suddenly the memories start to burst forth, not so much memories of work, however, but rather of the practical application of the CYMOT product range during fishing and camping trips.

70 years of CYMOT – success fuelled by camaraderie

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