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Walvis Bay port: new plans for 2025

10. August 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. July 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. July 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. June 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. June 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. May 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. May 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

Namibian Economics to the Point – April 2018

27. April 2018, inke - Economics

In April very good rains were recorded across most parts of the country, much to the relief of the agricultural sector. President Hage Geingob travelled to China for a state visit and was accompanied by a large business delegation of seventy people. Government has scrapped the 25 percent clause for black economic empowerment (BEE). Another economic highlight was the visit of a large business delegation from Iran. Namibia’s inflation for March remained at 3.5 percent, the same as February, according to the latest data from the Namibia Statistics Agency.

Namibian Economics to the Point – April 2018

Namibian Economics to the Point – March 2018

29. March 2018, inke - Economics

Late rains were welcomed in many parts of Namibia in March, though rain fell almost too late for crops like maize, wheat and mahangu (sorghum). Finance Minister Calle Schlettwein, tabled the new government budget of N$64.2 billion (about 4.4 billion Euros) in Parliament. Inflation for February stood at 3.5 percent according to the National Statistics Agency, down from 3.6 percent in January. Namibia’s central bank announced that crypto-currencies like bitcoin are not legal tender in the country.

Namibian Economics to the Point – March 2018

Namibian Economics to the Point – February 2018

02. March 2018, bernd - Economics

February 2018, similar to January, was another month of little rainfall in most parts of Namibia. Government announced austerity measures for the next three years, while a long-awaited Cabinet reshuffle took place. Inflation in January dropped to 3.6%, compared to 5.2% in December 2017 and 8.2% January 2017 according to the National Statistics Agency (NSA).

Namibian Economics to the Point – February 2018

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