Nedbank champions women’s empowerment in finance and society

Nedbank champions women’s empowerment in finance and society

Hertta-Maria Amutenja In celebration of International Women’s Month, Nedbank Namibia has reaffirmed its commitment to gender diversity and inclusion, particularly within the banking and finance sector. Under the theme of 'inspiring inclusion', the bank's Executive for Human Capital, Bianca Muller, emphasised the importance of embracing women's participation across all levels of society. Muller highlighted the historical gender disparities within the banking sector, where women often face barriers to career advancement. However, she noted a growing recognition of the benefits of gender diversity and inclusion, both for businesses and society as a whole. Stressing the importance of genuine commitment to gender…
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New investment plan set to transform agriculture

New investment plan set to transform agriculture

Niël Terblanché The Ministry of Agriculture, Water, and Land Reform held a National Validation Workshop on March 26, 2024, to discuss the final draft of the National Agricultural Investment Plan (NAIP) and its Implementation Action Plan (IAP), alongside the Revised Drought Management Policy and StrategyIn in an effort to revitalize Namibia’s agricultural sector. The workshop saw the gathering of a broad spectrum of agriculture stakeholders such as government officials, farmers' representatives, industry leaders, and development partners. All stakeholders converged to enrich the proposed investment plan with their insights. The Executive Director of the Ministry, Ndiyakupi Nghituwamata, opened the workshop with…
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Namibia’s GDP decline of 4.2 percent a huge margin – Economist

Namibia’s GDP decline of 4.2 percent a huge margin – Economist

Martin Endjala The decline of the country’s Gross Domestic Product (GDP) by 4.2 percent in 2023 has been described as a huge margin compared to 5.3 percent in the previous years. This is according to Independent Bank Researcher and Economist, Josef Sheehama, who said that despite the economic recovery in 2022, the socio-economic situation did not improve significantly. Employment is estimated to remain below pre-pandemic levels because labour-intensive manufacturing subsectors have added jobs relatively slowly. Spurred by higher fuel prices, inflation increased to a disproportionately affecting the most vulnerable. “Therefore, there is no excitement for the time being unless the…
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Namibia and EU to strengthen trade initiatives

Namibia and EU to strengthen trade initiatives

Niël Terblanché President Nangolo Mbumba emphasized the multifaceted partnership between Namibia and the European Union (EU) that transcends mere resource exchange during a courtesy visit by Ambassador Ana Beatriz Martins to State House. The cornerstone of this growing alliance is a comprehensive agreement, signed in 2022 by the late President Hage Geingob and EU Commission President Ursula von der Leyen, to develop a strategic hydrogen roadmap. The meeting between President Mbumba and Ambassador Martins reiterated the deepening relationship of the partnership. The relationship is anchored in mutual commitment to sustainable development and green energy and is seen as a testament…
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Meatco’s abattoirs impacted by a decline in cattle

Meatco’s abattoirs impacted by a decline in cattle

Martin Endjala As a result of the raging drought in most regions in Namibia, abattoirs of the Meat Corporation of Namibia (Meatco) are currently experiencing a decline in the supply of cattle for processing. The situation caused Meatco to slaughter only about 36,000 cattle over the past year. This is a significant drop from its normal slaughter capacity of 120,000 per year. This was revealed by Meatco’s Executive Marketing Sales, Logistics and Compliance Officer, Adrianatus Maseke during a Meatco business connect engagement with small and medium enterprises (SMEs) that was held in Windhoek. Maseke said that the decline in cattle…
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Namibia’s economy grew by 4.2 percent in 2023

Namibia’s economy grew by 4.2 percent in 2023

Erasmus Shalihaxwe The Namibia Statistics Agency (NSA), has announced that the Namibian economy continued to stride in a positive direction, posting a growth of 4.2 percent in 2023 relative to a growth of 5.3 percent recorded in 2022. The growth rate indicates the pace at which the economy is expanding and serves as a barometer of economic activity. The NSA’s Statistician-General and Chief Executive Officer, Alex Shimuafeni, announced yesterday that in nominal terms, the size of the economy was estimated at N$227.8 billion during the reporting period relative to N$205.5 billion recorded in 2022. This shows a moderate expansion of…
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ANC fails to stop Zuma’s new political party

ANC fails to stop Zuma’s new political party

Stefanus Nashama The African National Congress (ANC), which governs South Africa, has lost a legal battle to prevent a newly formed party, backed by former President Jacob Zuma, from participating in the general election in May this year. The party in question is called uMkhonto we Sizwe (MK), named after the now-defunct armed branch of the ANC. This development is expected to impact ANC's support, given Zuma's endorsement of the MK party. According to a report by the BBC yesterday, the electoral court dismissed the ANC's claim that the MK party did not meet the official registration requirements. Supporters of…
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AU fortifies peace in Africa

AU fortifies peace in Africa

Niël Terblanché The recent induction of new members into the African Union Peace and Security Council (PSC) marks a key moment in Africa's ongoing battle against war crimes, genocide, and crimes against humanity. The orientation program not only introduced the members to the council's extensive mandate, powers, and functions but also reinforced the continent's resolve to silence the guns and ensure collective security. Established two decades ago, the PSC has emerged as the cornerstone of Africa's efforts to maintain peace and security across the continent. Bankole Adeoye, the AU Commissioner for Political Affairs, Peace, and Security, emphasized the council's significant…
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Disgruntled Gobabis residents to petition Minister Uutoni

Disgruntled Gobabis residents to petition Minister Uutoni

Hertta-Maria Amutenja The community of Gobabis is set to present a petition to the Minister of Urban and Rural Development, Erastus Uutoni, voicing their discontent over recent developments within the municipality. Led by community activist Veronia Mokaleng-Kuzeeko, residents are scheduled to gather at the Government Office Park today to deliver their petition. The petition follows dissatisfaction among the council's management and community members regarding recent decisions that include salary adjustments for municipality employees made by the Gobabis Municipal Council. Despite objections raised by residents, the municipality proceeded with salary adjustments for its employees without proper consultation or authorisation, sparking controversy…
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UPM president approaches court to challenge removal from Parliament

UPM president approaches court to challenge removal from Parliament

Hertta-maria Amutenja The President of the United People's Movement (UPM), Jan Johannes van Wyk, has filed an urgent application at the Windhoek High Court, challenging his abrupt withdrawal from the National Assembly (NA) earlier this month. According to the founding affidavit, Van Wyk seeks redress for what he claims to be an unconstitutional and invalid decision by the Popular Democratic Movement (PDM). Van Wyk and Frans Bertolini were in Parliament on the ticket of the PDM. They were however removed after forming an alliance with Independent Presidential Candidate, Ally Angula. The two former members of Parliament were then replaced by…
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