Namibia News
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BOTSWANA, 2016/05/15
An event dedicated to the development of the African aviation industry will take place next month in Tenerife (26-28 June) to encourage the launch of new air services to, from and within the African continent.
Routes Africa 2016 will help to improve African connectivity by bringing together airlines, airports and tourism authorities to discuss next air services. Around 250 route development professionals are expected to attend the forum which was founded ten years ago to stimulate increase in the industry.
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BOTSWANA, 2016/05/13
The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
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BOTSWANA, 2016/05/12
Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
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BOTSWANA, 2016/05/11
Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development.
But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
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NAMIBIA, 2016/02/08
In the new FNB housing index Daniel Kavishe, Market Research Manager, FNB Group advises that the FNB volume and price index retreated in the eve of the fourth quarter 2015 as the housing market eased across the country. He added that the deeds office recorded a 40% drop in transactions year-on-time(y-o-y) due to a slowdown in purchases in the Northern and Central town.
Transaction increase at the Coast remained steady at 10% y-o-y supported by development in Swakopmund while in the South, transactions at Luderitz doubled due to the low cost developments in Luderitz's Benguela area.
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BOTSWANA, 2016/02/08
"Mean spirited", "inhumane" and desecrating the spirit of the Refugee Convention are some of the milder criticisms levelled at Denmark's harsh new asylum laws, passed last week.
Part new measures is a decision to strip new arrivals of any cash and valuables worth additional than 10,000 kroner (US$1,450), purportedly to pay for their upkeep. Switzerland and some southern German states have introduced similar policies.
It's a move that reflects the fragmenting world of European migration policy, lacking in solidarity, empathy and basic human decency. But what of the financial implications for asylum seekers?
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NAMIBIA, 2016/02/08
The Development Bank of Namibia (DBN) early this week announced the appointment of Tania Hangula as member and Chairperson of its Board of Directors.
Tania Hangula, an entrepreneur, joins a line of businesswomen who before served on the Board of DBN in a quest to make notable contributions to economic transformation on a national scale.
Hangula, with extensive government experience in the public sector, is currently the Executive Director for Business Development at Arandis Mining Services. She played a significant role in transforming the company from a family owned business to a mainstream company. She is as well a managing member of Umoja Trading Enterprises, which is a company with interest in the Namibian petroleum industry and other business sectors.
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NAMIBIA, 2016/01/18
The Ministry of Fisheries and Marine Resources has vowed not to lift the fishing ban, despite a significant number of fish dying in shallow waters in Lake Liambezi, that is on the verge of drying up, as it did not receive significant inflows as a result of recurrent droughts.
The Ministry of Fisheries and Marine Resources has hinted that it could harvest the fish from Liambezi and from some fish ponds for distribution to drought affected residents. Because of the ban on freshwater fishing that was imposed - ironically to allow depleted fishing stocks to recover - the locals cannot collect the stranded fish that floundering in the shallow waters of Lake Liambezi.
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BOTSWANA, 2016/01/13
The Africa Union has merged its science and education bodies in a move designed to improve sectoral relationships, effectiveness and efficiency. The African Ministerial Council on Science and Technology and the Conference of Ministers of Education of the African Union will presently operate as one entity.
“The decision of the heads of states was as well motivated by the need to streamline ministerial conferences, limit their number and confer the power to convene them to the African Union Commission and save costs,” Dr Mahama Ouedraogo, the African Union’s chief of human resources, science and technology, told University World News.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
