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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

Namibia makes gains with poverty reduction

25. octobre 2019, inke - Economics

The signboard east of Windhoek with the name “Otjivero” written on it might just direct travellers to another small settlement one would think. But Otjivero, as well as the adjacent Omitara, attracted international attention about ten years ago, when a unique pilot project took off. The names of these two tiny settlements have become household names on an international level in the true sense of the word when it comes to the debate about poverty reduction through a universal basic income. 

Namibia makes gains with poverty reduction

Sustainable resources can unlock economic potential

04. octobre 2019, inke - Economics

Climate change is a harsh reality particularly in southern Africa with extreme weather conditions as floods and droughts badly affect livelihoods. Natural resource management, bio-economy and climate smart agriculture have recently become popular buzzwords to build resilience. The Hanns Seidel Foundation (HSF) in Windhoek organised a one-day conference on Namibia’s sustainable natural resources management and its bio-economic potential.

Sustainable resources can unlock economic potential

Drought forces farmer to shred bushes

01. octobre 2019, inke - Environment, Economics

On most of the country's farms there is currently not a single blade of grass left. Farmers have drastically reduced their livestock and moved the small number of remaining animals to the few grazing areas available for rent, or they feed their animals with shredded bush. The latter is a solution which sees the animals through until the next rainy season and at the same time solves the problem of bush encroachment.

Drought forces farmer to shred bushes

Namibian economics to the point - September 2019

27. septembre 2019, inke - Economics

The government has introduced electronic visa application procedures at the Hosea Kutako International Airport for tourists from 47 countries. The latest Travel and Tourism Competiveness Index 2019 by the World Economic Forum, ranked Namibia 81 out of 140 countries. The inflation rate in Namibia stood at 3.7 percent in August. Namibia’s economy shrunk by 2.6 percent in the 2nd quarter this year, according to the NSA. 

Namibian economics to the point - September 2019

Namibian economics to the point - August 2019

29. août 2019, inke - Economics

The two-day national economic growth summit in Windhoek ended on 1 August with some N$20 billion worth of projects committed. The Namibian Ports Authority (NamPort) has started operations at its brand new container terminal in Walvis Bay this month. Germany’s Minister for economic cooperation, Gerd Müller, arrived end of August in Namibia for an official visit. The country’s central bank has for the first time in nearly two years dropped its repo rate from 6.75 to 6.50 percent. 

Namibian economics to the point - August 2019

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