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Namibian Economics to the point - March 2019

31. March 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. March 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

Namibian Economics to the point - January 2019

31. January 2019, inke - Economics

Some good rains fell during the first days of January but for the remainder of the month rainfall has been scarce. As in December, petrol and diesel prices have dropped again, this time with N$1.00 and N$0.90 per litre respectively. Namibia’s inflation rate was slightly lower in December 2019 and stood at 5.1 percent, according to the National Statistics Agency. This was attributed mainly to the lower fuel prices. 

Namibian Economics to the point - January 2019

The journey of topaz, a Namibian desert diamond

29. January 2019, inke - Economics

Formed millions of years ago when the Earth was young, our coloured gemstones have a long and intriguing journey before they end up in a favourite piece of jewellery or on a shelf as a collector’s item. Gondwana participated in the more recent part of the gemstone journey, seeking out prospectors, miners, gem-cutters, collectors, geologists and traders to hear their fascinating tales, as multifaceted as the finest-cut stone.

The journey of topaz, a Namibian desert diamond

Namibia forges ahead with renewable energies

25. January 2019, inke - Economics, Environment

Spending a night in the African bush under the stars away from the city and listening to the sounds of various nocturnal animals is a magical experience. It is unforgettable to watch wild animals at a water hole where no noisy diesel generator disturbs the peace and quiet. In recent years solar water pumps and electricity generated by solar panels have replaced loud, puffing diesel generators at many lodges in Namibia, thereby enhancing the African experience for visitors.

Namibia forges ahead with renewable energies

Namibian Economics to the point - December 2018

29. December 2018, inke - Economics

President Hage Geingob has inaugurated the Peugeot motor vehicle assembly plant in Namibia’s harbour town of Walvis Bay. Finance Minister Calle Schlettwein received an international award in Washington in early December. The Bank of Namibia retained its repo rate once again at 6.75 percent. Inflation in November 2018 increased to 5.6 percent, the national statistics agency reported. The third quarter of 2018 saw a negative economic growth of -0.8 percent.

Namibian Economics to the point - December 2018

Namibian Economics to the point - November 2018

30. November 2018, inke - Economics

The Hosea Kutako International Airport will receive N$245 million for upgrades, while petrol and diesel prices increased by 50 cents and 70 cents respectively. The Rössing uranium mine in the Erongo Region, will be sold to China. Namibia’s inflation rate rose to 5.1 percent in October, up from 4.8 percent in September, the National Statistics Agency reported this month. 

Namibian Economics to the point - November 2018

Namibian economics to the point – October 2018

31. October 2018, inke - Economics

Some 700 delegates attended the second national land conference in Windhoek and agreed on 170 resolutions. President Hage Geingob paid a state visit to Kenya this month and thereafter attended the UNCTAD world investment forum in Geneva. Inflation continued to climb and stood at 4.8 percent in September (August: 4.4%), according to the Namibia Statistics Agency. 

Namibian economics to the point – October 2018

Namibian economics to the point – September 2018

30. September 2018, inke - Economics

The second quarter saw Namibia’s economy shrink by 0.2 per cent. Petrol and diesel increased by 40 cents per litre, which marks the fourth fuel increase this year. Several multi-million Namibia Dollar investments in the fisheries, energy and business sectors were announced. President Hage Geingob touched down in Guinea and Canada en route to the UN General Assembly in New York during late September. Earlier this month, he attended the China-Africa summit in China. According to latest statistics, white people in Namibia still own 70 per cent of commercial farm land. 

Namibian economics to the point – September 2018

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