Economics

BoN expects economic growth of 0.3%

4 days ago - 15 April 2019 | Economics

The Bank of Namibia (BoN) expects the economy to grow by 0.3% this year, according to its latest Economic Outlook released today.The Namibian economy was in recession in 2017 and 2018.The central bank expects the...

Recession butchers jobs

1 week ago - 10 April 2019 | Economics

Jo-Maré Duddy – From 2016 to 2018, Namibia’s total population increased by 3.8%, its population of working age expanded by 3.6%, the economically active population was 6.2% bigger, the total workforce grew by 7.2% and...

Sub-Saharan economic growth recovery to take longer

1 week ago - 10 April 2019 | Economics

Omar Mohammed - The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8% from an initial 3.3%.The commodity price slump of 2015 cut short a decade of rapid growth for...

On tax-free allowances and inequality

1 week ago - 10 April 2019 | Economics

Sometimes, well-meant interventions have unintended consequences.One case in point are tax-free allowances, such as tax-free housing allowances, tax-free car allowances, tax-free pension fund contributions, etc. Namibia has a progressive income tax system with marginal tax...

Survival in arid eastern Chad depends on struggle for...

1 week ago - 10 April 2019 | Economics

Amaury Hauchard - "I've already earmarked a customer for this drum - I need to get a move on!"Ali Ahmat, 12, flicks his whip to persuade a hard-driven horse to press on with his cart,...

No more manna for SOEs

3 weeks ago - 29 March 2019 | Economics

In what has become a yearly occurrence, the government has yet again decided to give the lion's share of the budget for state-owned enterprises to...

PSEMAS, wage bill, S&Ts under fire

3 weeks ago - 29 March 2019 | Economics

Public Service Employees Medical Aid Scheme (PSEMAS) member contributions will be doubled from N$410 million to N$820 million year, effective April 2019. This was...

One third without jobs

3 weeks ago - 29 March 2019 | Economics

More than 364 000 people in Namibia were unemployed last year, most of them young people between 20 and 24 years old. The latest...

Oskema yoPSEMAS, oondjambi oshowo iifuta yomalweendo ya talwa omeho

3 weeks ago - 29 March 2019 | Economics

Iifuta yiilyo yOskema yoPublic Service Employees Medical Aid Scheme (PSEMAS) okwa hololwa tayi ka mbalipalekwa okuza pomiliyona 410 okuya poomiliyona 820, okutameka omwedhi Apilili nuumvo.Shoka...

It's official: 2018 was a recession year

3 weeks ago - 28 March 2019 | Economics

Data released by the Namibia Statistics Agency (NSA) this morning shows the economy grew by -0.1% last year, better than the -0.9% in 2017.The contraction...

A plan for jobs

3 weeks ago - 28 March 2019 | Economics

OGONE TLHAGE Finance minister Calle Schlettwein has unveiled a N$66.5 billion budget geared towards “stimulating economic growth" and...

All eyes on Calle

3 weeks ago - 26 March 2019 | Economics

Experts believe the Namibian government is caught between a rock and a hard place and may not be able to save the country's ailing economy...

Economics

Anti-Bouteflika protests shake Algeria business...

3 weeks ago - 25 March 2019 | Economics

Lamine Chikhi - One of president Abdelaziz Bouteflika's few remaining allies in the face of mass protests, tycoon Ali Haddad, is facing pressure to quit...

Africa Briefs

3 weeks ago - 25 March 2019 | Economics

Zim raises public workers pay by 29%Zimbabwe's public workers have accepted a 29% salary hike for the lowest paid employees, which the government says will...

Mozambique LNG terminals echo global...

3 weeks ago - 25 March 2019 | Economics

Sabina Zawadzkin - Mozambique, one of the world's poorest nations, is set to become a top global gas exporter thanks to two huge terminals about...

Oil-rich Angola gripped by fuel...

3 weeks ago - 25 March 2019 | Economics

Luanda - Long queues formed at petrol stations in the capital Luanda on Thursday as Angola, a major oil producer, struggled with a fuel shortage...

Suspicion and strife strain Ethiopian...

3 weeks ago - 25 March 2019 | Economics

Maggie Fick and Tim Hepher - At the headquarters of the Ethiopian Civil Aviation Authority, a paper sign balanced above room 107 and a threadbare...

Local content top priority

4 weeks ago - 22 March 2019 | Economics

A 'buy local' policy with local content requirements will, in the long run, help smaller businesses to sell goods and services to government.This was the...

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