Category: Africa
World Bank Appoints First-Ever Joint Resident Representative in Namibia
By: Dolly Menas The World Bank Group has appointed Mariama Cire Sylla as its first-ever joint Resident Representative for Namibia, effective October 1, 2024. This newly created position aims to consolidate the World Bank Group’s services, offering…
Namibia Conducts First 5G Trial
By: Nghiinomenwa-Vali Erastus MTC, in collaboration with Huawei, has successfully completed Namibia’s first 5G trial, generating significant commercial interest. Despite this milestone, Namibia lags behind globally, with other regions already exploring 6G deployment. Namibia has not yet fully rolled…
US Ambassador Dissatisfied with AGOA Benefits
By: Justicia Shipena The United States Ambassador to Namibia, Randy Berry, has voiced concerns over the limited benefits Namibia has gained through the African Growth and Opportunity Act (AGOA). Despite the long-standing trade agreement, Berry noted that the anticipated…
Tax-Motivated Illicit Financial Flows Drain African Economies, Study Reveals
By: Nghiinomenwa-vali Erastus A staggering 65 percentage of illicit financial flows (IFFs) from Africa are driven by tax evasion and commercial misconduct, severely undermining the continent’s development efforts. This alarming statistic is highlighted in a recent study by the…
Call for the Establishment of Africa Monetary Fund Gains Momentum
By: Nghiinomenwa-vali Erastus The African continent has been urged to establish its own independent financial institutions to support the Second Decade of Agenda 2063. The proposed institutions include the African Central Bank, the African Investment Bank, and the African…
Muha Calls on Zambia to Share Experience on CDF with Namibia
By: Sakeus Iikela Chairperson of the National Council Hon. Lukas Sinimbo Muha says Namibia is exploring the possibility of entering into a cooperation agreement with the Parliament of Zambia to learn more about how that country is implementing the…
Free Movement Protocol to Accelerate African Economy
By: Dwight Links The African Union is examining the economic implications of the free movement of people across the continent. This follows a report by the Pan African Parliament (PAP) committee for trade, customs, and immigration matters, released…
Africa Needs US$402 Billion for Structural Transformation
By: Nghiinomenwa-vali Erastus Africa will need to close an annual financing gap of about US$402 billion by 2030 to fast-track its structural transformation and catch up with high-performing developing countries from other regions, according to the African Development…
Namibia, Zambia Sign One-Stop Border Post Agreement
By: Staff writer Namibia and Zambia have signed a bilateral agreement to establish a One-Stop Border Post (OSBP) at the Katima Mulilo Border Post. The agreement aims to streamline border procedures and enhance trade and security between the two neighbouring…
SADC Urges Namibia to Re-evaluate Visa Restrictions
By: Hertha Ekandjo The Southern Africa Development Community Business Council Tourism Alliance (SADC BCTA) is urging the Namibian government to re-evaluate the visa restrictions imposed on 31 countries. The SADC BCTA emphasised the importance of engaging in dialogue with…