Author: David Shoombe
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…
ECB Clarifies Current Electricity Costs
By: David Shoombe The current cost of electricity is largely attributed to the complex structure of electricity generation, transmission, and distribution. Electricity Control Board (ECB) chief executive officer, Robert Kahimise, made these remarks at a media engagement last…
Zimbabwe Takes Seat on UN Security Council, Calls for Global Peace
By: David Shoombe Africa’s representation in international decision-making has been strengthened after Zimbabwe was elected on Wednesday as a non-permanent member of the United Nations Security Council (UNSC). Zimbabwe was elected unopposed to represent the African Group and will…
Expand and Diversify Energy Mix & Markets: AfDB
By: David Shoombe The African Development Bank’s latest African Economic Outlook advises African states to diversify their energy mix and markets as precautionary measures against disruptions such as geopolitical tensions. As part of the medium to long-term policy recommendation,…