category "Economics" / News - Gondwana Collection

News

Gondwana's Newsroom

Filtered by category Economics Reset filter

Sustainable resources can unlock economic potential

04. October 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. October 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. September 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. August 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

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

02. August 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. July 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. July 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. June 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. June 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. May 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

Stay up-to-date with our monthly 'Gondwana Tracks' Newsletter Sign up Today