Author: David Shoombe
NSA Strategy to Eliminate Duplication in Data Collection
By: David Shoombe The Namibia Statistics Agency (NSA) says the national strategy for statistical development aims to consolidate the Agency as the custodian of data collection and verification, adding the importance of coordination with other institutions. At a…
SACU Members Agrees to Deploy N$5 billion to New Fund
By: David Shoombe The 9th Summit of the Southern African Customs Union (SACU) Heads of State has agreed to establish a Regional Innovative Funding Mechanism with an initial capitalisation of N$5 billion spread over the 2027/28 and 2028/29…
Nam’s Exposure to Money-Laundering and Financial Crime Risks Drop
By: David Shoombe Namibia improved its Basel Anti Money-Laundering Index score to 4.78 in 2025, making it the fifth best-performing country in Africa in terms of lower exposure to money-laundering and financial crime risks. This was revealed during…
Guinea Bans Raw Gold Exports
By: David Shoombe Guinea has become another of Africa’s nations to ban the export of raw materials, instead focusing on domestic processing and value addition. This decision came with a stern warning for foreign companies operating in the…
BRICS’ $1Bn Loan to SA Challenges Traditional Financial Institutions
By: David Shoombe South Africa has secured a $1 billion loan from BRICS’ New Development Bank (NDB) for infrastructure upgrades to projects such as energy, roads and ports. According to the bank, in the past 10…
External Economic Shocks Threaten NDP 6 Ambitions
By: David Shoombe The Bank of Namibia announced an increase in the repo rate from 6.50% to 6.75%, noting how the Namibian economy had been adversely affected by global economic uncertainty arising from the conflict in the Middle East….
G7 Summit Outcomes to Prove Critical for Africa
By: David Shoombe Amid global uncertainty and rising fuel and commodity prices, the Group of Seven (G7) Summit draws attention as a platform to address global security, economic imbalances, and competition. The summit is being held in Évian-les-Bains,…
Gamblers Place Hopes on World Cup Bets
By: David Shoombe With the commencement of the FIFA World Cup last week, football lovers are not only enjoying the game itself, but also the opportunities presented by the sporting event. Namibia is one of the most…
48% of GIPF’s N$213.2 Billion Invested Domestically
By: David Shoombe Updates from the launch of the Government Institutions Pension Fund’s Three-year Strategy show that 48% of the Fund’s retirement savings are invested in Namibia. The Fund has N$213.2 billion in retirement savings. Most of the…
Africa Must Connect its Fragmented Trade Infrastructure
By: David Shoombe The president of the Africa Finance Corporation (AFC), Samaila Zubairu, states that in championing the continental developmental agenda, African infrastructure must be linked and coordinated to allow smooth trade and development. “Infrastructure must be approached…