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Namibia’s economic growth summit secures N$20 billion investments

02. août 2019, inke - Economics

The economic growth summit in Windhoek, which was organised to secure projects in order to stimulate Namibia’s economy, has received some N$20 billion (about 1.22 billion Euros) worth of investments. The Namibian government announced several policy reforms to improve the ease of doing business. Some 880 local and international delegates attended the two-day summit, which ended on 01 August and was held under the theme “economic revival or inclusive growth – strengthening the Namibian house”.

Namibia’s economic growth summit secures N$20 billion investments

Namibian economics to the point - July 2019

31. juillet 2019, inke - Economics

The Namibian government received donations in cash and kind for drought relief worth N$104 million (about 6.5 million Euros) from the private sector, public companies and friendly nations like Russia and China. Namibia seeks some N$15 billion investments for projects disclosed at a business revival summit at month-end. Namibia’s inflation rate stood at 3.9 percent in June, down from 4.0 in May, the Namibia Statistics Agency announced in July.

Namibian economics to the point - July 2019

Swakop vellies – handmade shoes from the Namibian coast

19. juillet 2019, inke - Culture, Economics

Two pieces of leather and a rubber strip made into a comfortable shoe - this handcraft has become an international trademark of the Swakopmund family business of Herbert Schier. World-wide proud owners of the 'Swakop vellies' are posing with their shoes on social media and vying who will post the most original photos. The timeless and ultra-comfortable hide ('vel' in Afrikaans) shoes - meaning leather - have evolved from an everyday necessity in the sixties to cult status. They are at home in New York, as well as at the Munich Oktoberfest. 

Swakop vellies – handmade shoes from the Namibian coast

Namibian Economics to the point - June 2019

28. juin 2019, inke - Economics

Cold winter temperatures prevailed over the southern and central areas of Namibia this month, while hot east wind weather in the Namib Desert and the coast brought a feeling of summer in between.Namibia and Germany signed a financial cooperation agreement worth over N$ 1 billion, and the first consignment of Namibian beef arrived in China.

Petrol and diesel prices increased by 30 cents a litre in June. Inflation stood at 4.1 percent at the end of May, down from 4.5 percent in April, the National Statistics Agency announced beginning mid-June. Cheque-payments in Namibia where phased out this month, bringing an end to the cheque-book era.

Namibian Economics to the point - June 2019

The E-powering 7-Rivers Journey of Discovery reaches the Kunene!

10. juin 2019, inke - Gondwana Collection, Economics

Having ridden 2120km on his e-bike, Steve Galloway has reached Epupa Falls on the Kunene River, the halfway point of his journey. Steve’s journey to promote e-powering (e-mobility and e-learning) and to celebrate the country’s impressive conservation status of having 47% of its land under protection began three weeks ago on the Orange River.

The E-powering 7-Rivers Journey of Discovery reaches the Kunene!

Namibian Economics to the point - May 2019

28. mai 2019, inke - Economics

With the rainy season over and winter approaching, President Hage Geingob declared a national drought emergency in Namibia on 6 May. Government has requested all working Namibians to donate two percent of their monthly income as a once-off contribution for drought support and youth programmes. The Windhoek municipality informed residents that they must save 15 percent water, up from 10 percent, due to low dam levels after a bad rainy season.announced that it acquired the popular Palmwag Lodge and Omarunga Lodge in the Kunene Region.

Namibian Economics to the point - May 2019

Mining and gemstones in Namibia

10. mai 2019, inke - Economics, Tourism

Namibia is not only regarded as a touristic gem waiting to be discovered by travellers from all over the world, the country has many hidden gems in the literal sense of the word. Tourists love to take home a lasting memory from their trip to Namibia. Many semi precious stones found in Namibia are beautifully transformed by local goldsmiths into jewellery. The gemstone and jewellery trade is a smaller, but important part of Namibia’s economically significant mining sector.

Mining and gemstones in Namibia

Mahangu is a fascinating African cereal

26. avril 2019, inke - Economics

Travelling to Namibia’s northern and northeastern areas, tourists are greeted by idyllic rural landscapes, grazing cattle, traditional homesteads, palm trees and fields with unusually tall leafy plants with slender stalks and long seed heads. They are called pearl millet known as “mahangu”, a traditional and indigenous grain known since thousands of years in Africa. 

Mahangu is a fascinating African cereal

Namibian Economics to the point - March 2019

31. mars 2019, inke - Economics

Finance Minister Calle Schlettwein tabled the new budget of N$66.5 billion (about 4 billion Euros) on 27 March for 2019-20. Namibia’s unemployment rate stands at 33.4 percent, according to the latest survey, down from 34 percent in 2016. The inflation rate was 4.4 percent in February, down from 4.7% in January, the national statistics agency announced. Cabinet decided to avail N$272 million (about 16.5 million Euros) drought relief to farmers and rural inhabitants from April onwards. 

Namibian Economics to the point - March 2019

Namibian Economics to the point - February 2019

01. mars 2019, inke - Economics

President Hage Geingob appointed a 15-member commission of inquiry to look into ancestral land claims of inhabitants. The German construction company PolyCare opened its brick-making factory outside Windhoek. Namibia’s central bank kept the repo rate once again at 6.75 percent. Fuel prices also remained unchanged during February. Inflation dropped to 4.7 percent in January, down from 5.1 percent in December, the national statistics agency announced on 13 February. 

Namibian Economics to the point - February 2019

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