Entering 2023, Namibia’s economic landscape was characterised by cautiously optimistic projections, underpinned by strong commodity performance, a surge in government spending, the expected validation of prior oil discoveries and the emerging interest in green hydrogen initiatives. However, as the year unfolded, the optimism was somewhat offset by the reality of an economy still grappling with [...]
David Nuyoma, Group CEO of Capricorn Group 15 November 2023 The Chairman of the Capricorn Group Board, Mr. Gerhard Fourie, announced that the recruitment process for the position of Group CEO of Capricorn Group has been successfully concluded. The Capricorn Board has approved the appointment of Mr. David Nuyoma as [...]
NIPDB Investor One-Stop Centre In the realm of investment, convenience and efficiency reign supreme, and this is precisely the driving force behind the newly introduced One Stop Centre (OSC), a game-changing initiative by the Namibia Investment Promotion and Development Board (NIPDB). In a bold stride towards enhancing Namibia's business landscape, the OSC aims to revolutionise [...]
In Namibia, potential investors have the option of choosing which business vehicle best suits their needs in the country. Domestic business vehicles are either a private company, a public company, or a close corporation (i.e., depending on the complexity of the company ownership structure and the sector the investor wishes to operate in). Investors may [...]
In 2017 the United Nations General Assembly designated 27 June as the day in the calendar year on which to recognise the vital role played by micro, small and medium enterprises (MSMEs) in the economy. While it did not come as a surprise, recognising the important wealth and job creation role of MSMEs globally was [...]
The corrugated packaging industry is a significant contributor to global packaging waste, which has harmful effects on the environment. Sustainability in this industry refers to the use of environmentally friendly practices and materials to reduce the negative impact of packaging on the environment. It is important to address sustainability in this industry, because the demand [...]
Inequality and its related social challenges are persistent realities in Southern Africa, so much so that it has unfortunately characterised the region unfavourably. Socio-economic challenges such as unemployment, lack of access to quality healthcare, water, education and inadequate infrastructure can be found under a myriad of news headlines and country evaluations. With this being the [...]
Economic Pulse - June 2023 The largest global banking crisis since 2008 emerged in March this year, resulting in US regulators shutting down and selling three small- to mid-sized banks over the span of five days. In the same month, in Europe, troubled Swiss giant, Credit Suisse was take-over by a rival bank in a [...]
Economic Pulse - May 2023 2023 was off to a flying start, with the first quarter of the year being a generally positive one for Namibia in terms of economic and financial developments. On the economic front, preliminary National Accounts data from the Namibia Statistics Agency show that Namibia recorded real GDP growth of 4.6% [...]
Economic Pulse - March 2023 The advent of new technologies has often raised concern that new, often more efficient ways of doing things, will lead to job displacement. This fear has not been limited to blue-collar jobs, as white-collar jobs have been equally "threatened" by the introduction of technologies such as calculators on computers. In [...]
