10/07/2024
Economist Morning Brew 10 July: Concrete efforts are made to reverse the damaging grey listing. - Read more...https://mailchi.mp/economist/economist-morning-brew-10july-24-14185780
Namibia Economist enjoys wide popularity as a specialist business news website, connecting businesses
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Economist Morning Brew 10 July: Concrete efforts are made to reverse the damaging grey listing. - Read more...https://mailchi.mp/economist/economist-morning-brew-10july-24-14185780
Nedbank Namibia on Monday hosted a key industry summit to propel discussions on financing opportunities and sustainable economic growth within the local growing green energy and green hydrogen sectors.
Read more: https://economist.com.na/89333/environment/nedbank-summit-energizes-green-energy-collaboration-and-financing/
The Chartered Institute of Logistics and Transport’s branches in South Africa and Zimbabwe have announced their first-ever collaboration, at the Futuroad Expo taking place from 19 to 21 November at the Nasrec Expo Centre in Johannesburg.
Read more: https://economist.com.na/89331/wheels-wings/historic-regional-logistics-and-transport-conference-to-unlock-sub-saharan-africas-potential/
Last week, Nedbank Namibia announced the launch of the much-awaited Nedbank Citi Dash, an exhilarating race designed for novice and elite racers that promises a day of fun, fitness, and fierce competition and a platform for everyone to shine.
Read more: https://economist.com.na/89326/sport/nedbanks-much-awaited-citi-dash-returns/
The Ministry of Health and Social Services has unveiled plans to introduce additional critical services across state-owned health facilities.
Read more: https://economist.com.na/89329/health/healthcare-landscape-set-to-transform-with-envisaged-expanded-services-across-districts/
The latest Consumer Price Index (CPI) data released by the Namibia Statistics Agency (NSA) indicates a notable decrease in the annual inflation rate for June 2024, settling at 4.6%.
Read more: https://economist.com.na/89320/markets/annual-inflation-rate-eases-to-4-6-in-june/
LONDON – The current pace of advances in generative artificial intelligence makes it difficult to forecast how the technology will affect the economy, business, and society. Nonetheless, it already seems clear that the new AI applications will produce a narrow cohort of winners and lead to a smaller workforce, confronting governments with big policy challenges.
Read more: https://economist.com.na/89318/columns/where-will-the-ai-super-cycle-lead/
Huawei, last month at the LEAP Summit 2024: ICT Talent and Sustainable Development for Sub-Saharan Africa held in Shanghai announced a new plan to train an additional 150, 000 talents in Sub-Saharan Africa over the next three years.
Read more: https://economist.com.na/89314/technology/huawei-to-train-an-additional-150000-people-in-sub-saharan-region-by-2027/
Climate change is one of the greatest challenges facing the global community, but it also presents a once-in-a-lifetime opportunity for significant economic growth and expansion.
Read more: https://economist.com.na/89311/columns/leading-green-hydrogen-with-strategic-partnerships-and-cutting-edge-research/
MultiChoice Namibia has launched the nominations for the DStv Content Creator Awards 2024, alongside the unveiling of their new website, namcca.com.
Read more: https://economist.com.na/89306/after-hours/multichoice-encourages-public-participation-in-voting-for-content-creators-of-the-year/
The 2nd Organic Food Jam is set to take place on 9 July at Farm Krumhuk, situated 25km south of Windhoek.
Read more: https://economist.com.na/89294/agriculture/second-organic-food-jam-to-focus-on-sustainable-agriculture-and-livestock-production/
Following Namibia’s so-called grey listing earlier this year by the Financial Action Task Force, the Financial Intelligence Centre requested the European Union Delegation for assistance to develop local capacity to address the shortcomings in domestic legislation and the compliance framework.
Read more: https://economist.com.na/89290/general-news/shutting-the-stable-door-after-the-horse-has-bolted/
The second preliminary round of the 2024 Nedbank Kapana Cook-Off competition unfolded in Walvis Bay last Saturday, culminating in the qualification of three talented chefs: Rhonda Baseko, Laura Egumbo, and Veueza Kasemba.
Read more: https://economist.com.na/89287/extra/walvis-bay-round-qualifies-top-chefs-for-finals/
Franziska Rueeck, Chief Experience Officer at Ohlthaver & List (O&L) Group, has been appointed Director of the Ohlthaver List Finance Trading (OLFITRA) Board, effective 26 June.
Read more: https://economist.com.na/89284/businesswoman/franziska-rueeck-appointed-director-of-ol-finance-trading-board/
Stanlib Namibia hosted its annual STANLIB Namibia InPerspective Roadshow last week, featuring a team of experts who delved into critical investing themes and their global economic implications.
Read more: https://economist.com.na/89281/retail/stanlib-namibias-annual-inperspective-roadshow-highlights-key-investing-themes/
The President, H.E. Dr Nangolo Mumba said that the ninth Swakopmund International Trade Expo (SWAiTEX) provides an opportunity to strengthen bilateral relations between Namibia and Botswana.
Read more: https://economist.com.na/89277/special-focus/namibia-botswana-bilateral-relations-strengthened-at-swaitex-2024/
The Whale Festival Art and Craft Market recently took place at the Sam Cohen Library open area in Swakopmund as part of the Swakopmund Scientific Society Oceans Month festivities.
Read more: https://economist.com.na/89274/after-hours/msm-enterprises-boost-trade-at-whale-festival-art-and-craft-market/
Claudia Kambonde has a big job. A soft-spoken, resilient woman with a gentle smile, Kambonde is the Nurse Matron at the Windhoek Central Hospital where she coordinates the work of some 700 nurses across several operational units of the hospital.
Read more: https://economist.com.na/89194/community-and-culture/balancing-nurse-workload-to-improve-care/
The Government Institutions Pension Fund (GIPF) has raised concerns over a substantial number of
unadmitted employees from participating employers, despite the mandatory requirement for all permanent employees to be admitted to the Fund.
Read more: https://economist.com.na/89187/community-and-culture/gipf-urges-prompt-admission-of-active-members-especially-teachers/
Information and insights company, TransUnion on Wednesday released its latest Consumer Pulse Study revealing ongoing financial challenges among Namibian consumers.
Read more: https://economist.com.na/89182/general-news/financial-struggles-persist-for-local-consumers-despite-signs-of-improvement-transunion/
The Namibia Statistics Agency (NSA) this week released the latest trade statistics for May 2024, revealing a trade deficit of N$3.3 billion.
Read more: https://economist.com.na/89162/markets/n3-3-billion-trade-deficit-recorded-in-may/
The groundbreaking for the new Police Station at the DRC informal settlement in Swakopmund took place on Tuesday as part of a public private partnership between Rössing Uranium and the Swakopmund Municipality.
Read more: https://economist.com.na/89146/headlines/n20-million-drc-police-station-launched-to-bring-protection-closer-to-community/
Tralac (Trade Law Centre), a public benefit organisation based in South Africa has developed a technical guide to Africa’s transformation through the African Continental Free Trade Area, or AfCFTA for short.
Read more: https://economist.com.na/89134/special-focus/tralac-on-the-heel-of-africas-agenda-2063-with-new-guide/
Economist Morning Brew 03 July: Statistics for the first quarter shows the robust post-Covid recovery slightly slower. - Read more...https://mailchi.mp/economist/economist-morning-brew-03july-24-14185625
Although GDP growth in the first quarter of 2024 was somewhat slower than the first quarter in 2023, the economy still expanded at a very respectable 4.7%.
Read more: https://economist.com.na/89119/editors-desk/slightly-slower-quarterly-growth-but-still-robust-post-covid-recovery/
Prices across the the three main categories of transport fuel are set to come down on Tuesday night following the fuel price review of the Ministry of Mines and Energy.
Read more: https://economist.com.na/89115/markets/petrol-and-diesel-prices-come-down-midnight-tonight/
Market indicators signal that African airlines collectively can expect a net profit for the 2024 financial year. This will be the second year in a row that the continent’s airlines post a modest profit.
Read more: https://economist.com.na/89112/wheels-wings/african-demand-for-airtravel-growing-in-post-covid-recovery/
Chief Executive of the Bankers Association of Namibia, Brian Katjaerua said many customers are not aware of the comprehensive suite of services and resources that their bank can provide.
Read more: https://economist.com.na/89106/special-focus/leveraging-bank-benefits-for-bank-customers-ban/
Conditions at government hospitals are often hectic especially if there is a surge in cases where all the patients need attention at more or less the same time.
Read more: https://economist.com.na/89093/businesswoman/workload-analysis-helps-nurses-to-improve-patient-care/
The upcoming 43rd Annual Medical Congress is drawing the attention of the corporate world with a major sponsorship announced at the end of June.
Read more: https://economist.com.na/89088/health/health-professionals-convene-with-private-sector-support/
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Breakfast Invitation: “Innovate with Impact: Leading Change in Namibian Business.” Become agile, creative and innovative! - with Monique Cloete. Register now! https://www.eventcreate.com/e/economist-businesswomen-breakfast-15sept
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The largest diamond recovery vessel in the world, Debmarine’s new AMV3, left the shipyard in Romania nearly a month ago and is expected in Cape Town by the end of next week. Read more: https://bit.ly/3E8Oomy
Sea Surface Temperatures for southern Africa are as normal as can be for early winter. The visual shows warmer water off the east coast with the signature cold upwelling along the west coast. Read more: https://bit.ly/2S6BwKJ
On Wednesday 02 June 2021, the All Share index (ALSI) on the Johannesburg Securities Exchange (JSE) closed at 69,049.04 index points. This was its highest-ever close, coming after a rally on Monday which saw it gained 1.44% in a single day. Wednesday’s was the seventh consecutive day in which the index traded higher. On that day, it reached an intraday high of 69,278. Read more: https://bit.ly/2SQObkR
With little or zero indications of atmospheric humidity, i.e. no clouds visible, this week’s visual provides a very interesting view of air movement over southern Africa. In essence, what the map is showing us is that early winter conditions have set in over most of the southern African interior, hence no activity, with the only areas of instability located at or near the escarpment. Read more: https://bit.ly/3tRhbWh
The Municipal Council of Windhoek is in the process of filling the position of CEO by the end of September, his Worship Dr. Job Amupanda, Mayor of the City of Windhoek said this week. Amupanda said the recruitment of a substantive Chief Executive Officer (CEO) remains a primary focus to them. Read more: https://bit.ly/2RcLZDe
WATCH: RUACANA ON THURSDAY 26 APRIL 2018 Link: https://goo.gl/pPfa5F Video by Frik Strauss
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