PRESS SECRETARY REFLECTS ON PRESIDENT MBUMBA’S FIRST SIX MONTHS IN OFFICE
In his first six months in office, President Nangolo Mbumba has navigated Namibia through a period of profound change and challenge following the passing of his predecessor, Dr Hage Geingob, in February 2024. Reflecting on this transition, President Mbumba has demonstrated a steady hand in guiding the nation through mourning and uncertainty, steering the country […]
GREEN HYDROGEN: A CATALYST FOR NAMIBIA’S ECONOMIC RENAISSANCE
Article by Business Express Over the past 25 years, Namibia has enjoyed commendable economic expansion, averaging an impressive 4.5% per annum, which has elevated the country to upper-middle-income status. However, since 2015, growth has decelerated, revealing deep-seated structural challenges that need to be addressed to catalyse a new era of prosperity. Central to this new […]
VEHICLE SALES REACH 6360 IN THE FIRST HALF OF 2024
Article by Business Express In the first half of 2024, a total of 6,361 units were sold, slightly below the 6,441 units sold in the same period of 2023 but surpassing pre-pandemic levels, a report by Simonis Storm reveals. In June 2024, vehicle sales increased to 993 units from 966 units in May 2024, representing […]
THE UNUSUAL BUSY OFF-PEAK TOURISM SEASON IN NAMIBIA
Tourism in Namibia has traditionally exhibited a distinct cyclicality, with the peak season running from July to October. This pattern seems to be waning with a higher than usual number of visitors gracing Namibia during this latest January to April period. Below we explore the changing landscape of tourism in Namibia in more depth. The […]
NAMIBIA INTERNATIONAL ENERGY CONFERENCE TRIUMPHS WITH GLOBAL PARTICIPATION
Last week, the 6th edition of the Namibia International Energy Conference convened more than 750 attendees from 46 nations, 22 nations more than previous years, at the serene Droombos, Windhoek. This gathering served as a pivotal platform for deliberating on exciting developments in its Namibia’s energy landscape allowing delegates to reimagine the possibilities for our […]
ECONOMIC PROGRESS UNDER NAMIBIA’S LATE PRESIDENT
Economic Pulse – March 2024 His Excellency Dr Hage Geingob embarked on his presidency in 2015 amidst a wave of public support, having secured 86% of the presidential vote in 2014. However, with Geingob’s inauguration as the third president of Namibia, he inherited an overheated economy rapidly running out of steam. While Namibia had been […]
THE YEAR IN REVIEW
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 […]