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Africa
Credit Rating Agencies Not Yielding to Continental Analysts
By: Nghiinomenwa-vali Hangala An analysis of rating actions and commentaries issued by international credit rating agencies (CRAs) on African countries has revealed that they have refused to invest in-country analysts through physical presence in Africa. According to the African Peer Review Mechanism (APRM) 2025 Mid-Year Outlook report, the three dominant international Credit Rating agencies have […]
4 African Billionaires Own More than 50% of the Continent’s Wealth
By: Shawn Uiseb Nigerian industrialist Aliko Dangote, South African businessmen Johann Rupert, Nicky Oppenheimer, and Egyptian billionaire Nassef Sawiris and others are worth a combined $57.4 billion — more than the total wealth of an estimated 750 million Africans. A new report released by Oxfam International has painted a stark picture of Africa’s […]
Utoni Nujoma Praises Father’s Vision on Inga Dam Deal for Namibia
By: Justicia Shipena Late Founding President Sam Nujoma’s son Utoni Nujoma has praised his father for championing national projects, particularly those involving water, such as the Inga Dam project, in which Namibia was initially involved. The billion-dollar Inga Dam project was designed to address the growing power deficit in the Southern African Development Community (SADC). […]
Namibians to Feel Pinch of Proposed 2% VAT Increase in South Africa
By: Loise Shiimi Namibian economists warn that a proposed 2% increase in South Africa’s value-added tax (VAT) could have a significant impact on Namibian consumers, as the hike contributes to rising costs of goods and inflation. South Africa’s Finance Minister, Enoch Godongwana, recently postponed the tabling of the national budget to 12 March […]
Windhoek Beer Returns to Kenyan Markets
By: Dolly Menas The Namibia Breweries Limited (NBL) will once again expand into the Kenyan market, in a move aimed at broadening its market reach and growing its products on international markets. This marks the third attempt NBL has established the presence of its brand in the Kenyan market after making its […]
Namibia Expected to Cut Repo Rate
By: Justicia Shipena The Bank of Namibia (BoN) is expected to cut the by 25 basis points on today, bringing it down to 6.75%, with the prime lending rate shifting to 10.5%. In its last meeting, the Monetary Policy Committee (MPC) unanimously decided to lower the policy rate by 25 basis points to […]
Tributes Pour in for Namibia’s Late Founding President
By: Justicia Shipena African leaders have paid tribute to Namibia’s founding President, Sam Nujoma, following his passing on Saturday in Windhoek, after three weeks of hospitalisation. His death comes just days after Namibia marked the first anniversary of the passing of its third President, Hage Geingob, on 4 February. Nujoma, a towering figure […]
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session of the Namibia-Nigeria Joint Permanent Commission of Cooperation held this week. The meeting aims to […]
Namibia-Angola Beef Trade Deal Still Not Finalised
By: Justicia Shipena Five years after Namibia and Angola began negotiating a cattle and meat trade agreement, the deal is yet to be finalised, leaving the anticipated framework for trade between the two nations in limbo. In 2020, reports suggested that the agreement was nearing finalisation, with a draft already approved and […]
Namibia Seeks Partners for Lamb Exports to China
By: Justicia Shipena Minister of Agriculture, Water and Land Calle says Namibia is looking for partners to facilitate the export of lamb to China. While Namibia has successfully exported beef to the Chinese market, the export of lamb is still in progress. In August 2024, the country announced plans to sign a protocol with […]