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Namibia is one of Africa’s most resource-rich countries in terms of both people and minerals. Namibia’s position, in my opinion, can be improved by changing the people’s mindset, which is characterized by a high level of dependency, as well as the leadership at various levels, which is dominated by a diverse group of people who...
The Namibian government relies heavily on Micro, Small and Medium Enterprises (MSMEs) to drive competitiveness and inclusive growth. Closing the finance gap for MSMEs is crucial for improving productivity, fostering long-term growth, and creating better jobs. The potential of MSMEs to create a livelihood makes them vital for improving household quality of life and reducing...
The brave move by President Netumbo Nandi-Ndaitwah to curb raw material exports and encourage potential investors to contemplate value-addition to increase national income and create jobs for the public is commendable. Namibia requires synergy from both domestic businesses and foreign investors to industrialise, given its natural resources as well as the wealth and experience of...
Namibia will be susceptible to this financial contagion in the short to medium-term, but I disagree with the Monetary Policy Committee (MPC) of the Bank of Namibia’s assessment that tariffs will have little immediate effect on GDP. It is critical to recognise that Namibia’s economy is comparatively small, and a reduction in revenue from international...
The recent decision by the United States of America to impose sweeping 21% tariff would negatively impact Namibia’s export earnings by disrupting established supply chains, decreasing the competitiveness of goods exported from Namibia to the US, and impairing the ability of Namibian beef and fish exports to compete in the US market. Namibian commodities’ stability...
Given the current state of trade tensions, the executive orders imposed by the United States of America’s (USA) new administration are a wake-up call for the global community because they serve as a clear reminder that maintaining economic stability and growth in today’s interconnected world requires cooperation and respect for one another in trade policies....
As an independent economic and business researcher who provides economic and business expertise pro gratis to the Namibian people and the global community, I frequently get questioned about the imminence of economic change in relation to green hydrogen.Furthermore, in my opinion, as a responsible professional, Green Hydrogen is a national project that needs the involvement...
President Donald Trump’s executive orders serve as a wake-up call for African leaders, demanding that they put public service and economic development ahead of foreign aid and begging. The time has come for them to learn from these directives. To make sure that everyone feels appreciated and respected, every sovereign country should put in place...
Achieving economic growth, development, reduction of the productivity gap, and improvement of resilience will require a thorough and accurate paradigm shift involving all important stakeholders and development agencies. Corruption, low productivity, subpar implementation, and poor performance by community leaders, such as certain government ministries, State-owned enterprises (SOEs), governors, councillors, and mayors, are some of the...
As 2024 draws to a close, Namibia’s economic outlook demonstrates tenacity in the face of adversity. This year brought to light the challenges of restoring stability in a world that is changing quickly, from the Bank of Namibia navigating rate cuts, to an imbalanced economic recovery and a reassessment of oil discovery, green hydrogen and...