Global supply chain disruptions could keep local inflation rising and a decline is SACU revenues which government relies on, Simonis Storm Securities has said. In a report, Theo Klein, an economist at Simonis Storm stated that in addition to supply chain disruptions from the war in Ukraine, lockdowns in certainContinue Reading
Namibia Dairies, a subsidiary of the Ohlthaver & List (O&L) Group has announced that it will relocate the production and packaging of its Nammilk Full Cream and Low-Fat Ultra-high temperature (UHT) milk ranges from South Africa to its local Avis Factory in Windhoek, Namibia, as of June 2022. Namibia DairiesContinue Reading
By Bank Windhoek’s Market Research Analyst, Anton Mushongo. The United States economy is heading toward a recession; this is according to growing concerns from reputable banks and economists in the United States. How will this impact the Namibian economy? Recession is a term used to signify a slowdown in generalContinue Reading
Finance Minister, Iipumbu Shiimi has said uranium miners are waiting for prices to recover before reviving projects in the ore, which is needed for nuclear power in a world shifting away from fossil fuels. Namibia is investing in water facilities and is planning a second desalination plant to supply minesContinue Reading
GOVERNMENT is considering green bonds to fund projects using renewable energy to produce hydrogen for export, green hydrogen commissioner, James Mnyupe was quoted saying in an interview at the just concluded World Economic Forum in Davos. Government has already outlined a significant build of facilities, largely due to ideal conditionsContinue Reading
TOGETHER with general expectations for beef prices to continue rising owing to growing demand in China, the current environment should incentivize farmers to re-stock herds and increase production despite input costs mounting, Theo Klein, an economist with Simonis Storm Securities has said. Cattle slaughtering increased by 16.4% y/y in AprilContinue Reading
THIS month saw the start of a N$110 million spatial biodiversity assessment, prioritisation and planning (SBAPP) project, which is expected to improve environmental planning and monitor the status of indigenous species and ecosystems in four Southern African Development Community (SADC) countries, namely Namibia, South Africa, Mozambique and Malawi. The SouthContinue Reading
AGRIBANK has revealed that Namibians under 35 years of age willing to purchase farmland through Agribank, now have up to 30 years to repay their farmland loans. This move is essentially a five-year extension from the usual 25-year period that is now only applicable to clients above 35 years ofContinue Reading
The past two years have put into sharp focus the need to build economies that are resilient to shocks such as those brought about by global pandemics. Part of building resilient economies is ensuring that they are well diversified not only in terms sources of growth, but also employment, tradeContinue Reading
MINISTER of Agriculture, Water and Land Reform, Calle Schlettwein has dismissed an approach by the Agronomic Producers Association proposing the utilization of existing Green Scheme Irrigation Projects in the north to produce wheat in the 2022 production season. In a statement this week, Schlettwein said that during the preliminary discussionsContinue Reading
