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Namibian Economics to the Point – November 2017

01. December 2017, inke - Economics

It was a month of mixed fortunes for Namibia’s economy, with improved rankings in two international ratings but a downgrade by Fitch. Parliament approved an additional budget of N$4.1 billion (about 61.5 million Euros). Inflation for October dropped to 5.2 percent compared to 5.6 percent in September. Only a few rainfalls were recorded in November, after good rains a month earlier. 

Namibian Economics to the Point – November 2017

In Namibia encroaching bush is turned into charcoal

13. November 2017, inke - Economics

Pillars of smoke rise from the bush, but the farmer remains surprisingly calm. Namibia’s farmers used to react with immediate alarm when they detected a whiff of smoke somewhere on their land. These days the almost sole cause of smoke is charcoal production. Strict regulations are in place to prevent grass fires, which can also be devastating for neighbouring farmers. Charcoal production is still a rather young industry in Namibia, but it is already internationally recognised and also well regulated and organised. 

In Namibia encroaching bush is turned into charcoal

Namibian Economics to the Point – October 2017

02. November 2017, inke - Economics

Several Namibian Regions received the first good rainfall at the end of October, while the meteorological authority predicts a normal to just below normal rainfall this rainy season. Petrol and diesel prices remained unchanged this month. The Bank of Namibia kept its repo rate unchanged at 6.75 percent in October. Inflation for September increased slightly to 5.6 percent.

Namibian Economics to the Point – October 2017

Oranjemund opens its doors to the world

20. October 2017, inke - Tourism, Economics

On 21 October 2017, the diamond mining town of Oranjemund will open its doors to visitors for the first time. Up until now, the small town, hidden in the Namib Desert close to the Orange River mouth, has been a restricted mining area. From then onwards, anyone will be able to enter, or drive over the impressive Sir Ernest Oppenheimer Bridge to Alexander Bay on the South African side. This opens huge economic prospects for this hidden gem in the Namibian Desert, including tourism.

Oranjemund opens its doors to the world

Namibian Economics to the Point – September 2017

02. October 2017, inke - Economics

The latest statistics released in September show that Namibia’s economy had negative growth in the first and second quarter this year and thus moved into a technical recession. Growth dropped to minus 1.7 percent each during both quarters. Namibia’s ranking in the latest Global Competitiveness Index dropped from sixth place to seventh place among the ten most competitive African economies. 

Namibian Economics to the Point – September 2017

100 years of diamonds: Anglo American’s century-old link with Namibia

25. September 2017, inke - Economics

One of the biggest global companies in the mining sector, Anglo American, celebrates its hundredth anniversary this month. Time to reflect on its founder, Sir Ernest Oppenheimer, who started South Africa’s diamond dynasty. Anglo American’s wealth is inseparably intertwined with Namibia’s diamond sector and Anglo’s subsidiary, De Beers.

100 years of diamonds: Anglo American’s century-old link with Namibia

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