Author: David Shoombe
Economics Professor: Value Addition Possible with Oil, Other Minerals Remain a Challenge
By: David Shoombe Namibia’s domestic economic pressures have highlighted the need to accelerate value addition and ensure that the benefits of mineral resources reach the people through value extraction. Commenting on the recently concluded 13th Mining Expo…
Transforming Namibia’s Financial System Key to Oil and Gas Success
By: David Shoombe The former Minister of Mines and Energy, Tom Alweendo, has cautioned Namibia’s financial system to adapt to the economic landscape to accommodate Namibian businesses in the oil and gas sector. Speaking at the Bank of Namibia’s Oil…
Namibia High Energy Cost: A burden to the National Energy Fund
By: David Shoombe In the first half of 2026, the National Energy Fund within the Ministry of Industries, Mines and Energy played a central role in shielding energy consumers from bearing the full impact of rising…
Raw Minerals Exploitation Fuels Conflicts – UN
By: David Shoombe The United Nations Security Council Meeting on Natural Resources Governance has taken a stand in stopping the exploration of raw materials and promoting local beneficiation. UN Chief António Guterres has stated that the growing…
Funding Gap in Statistics Weakens Informed Decision
By: David Shoombe In commemoration of Statistics Awareness Day, the Namibia Statistics Agency (NSA) and the Bank of Namibia (BoN), co-hosted an event highlighting the importance of statistics for national development. One of the key issues discussed by the…
Financial Inclusion: An Enabler, Not an Economic Solution
By: David Shoombe The Principal Economist at the Bank of Namibia, Sesilia Nekwaya Okafor, indicated that financial inclusion brings Namibians into the formal financial system, which can enable broader participation in the economy. Commenting on the recently…
Africa needs $ 1.4 Billion to End Ebola
By: David Shoombe African governments have been informed that the continent needs US$1.4 billion to end the Ebola outbreak in central Africa. This was revealed during the African Union (AU) Extraordinary Session Assembly on Ending AIDS by 2030…
APRM Praises Zimbabwe’s Key Economic Reforms
By: David Shoombe Key findings on the Zimbabwe Targeted Review Report presented by Ambassador Aly El-Hefny, highlighted the progress achieved in strengthening economic governance. The strengthening was achieved via improved public financial management, improvement in anti-corruption and anti-money laundering…
Africa: Lowest Recipient of FDIs in 2025
By: David Shoombe The World Investment Report 2026 indicated that there were no African countries among the world’s top 20 Foreign Direct Investment (FDI) host economies in 2025. Namibia and its offshore oil exploration flows did…
Mining Sector to Account at Mining Expo on NPFF Commitments
By: David Shoombe The 2026 Mining Expo, which is scheduled for the first week of August, will provide a platform to update the Nation on how the mining sector will account for its 2025 Namibia Public-Private Sector Forum (NamPPF)…