Category Archives: Namibia News

Namibia News

Namibia comes out top of all African countries featured in Global Entrepreneurship Index

  • The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs
  • Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as Nigeria, Kenya and South Africa
  • The research, conducted by Mara Foundation and Opinium Research, examines the state of entrepreneurship around the world
  • Inaugural index features special ‘Focus on Africa’ section, with a deeper look at ‘women in the workplace’ and ‘youth unemployment’

Singapore has topped an in-depth study of the world’s nations as offering the best environment for entrepreneurs, according to an Index developed by Mara Foundation (Mara-Foundation.org) and Opinium Research.

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Six African Countries Granted Duty-Free Access to EU Markets

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Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access.

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Vantage Capital provides N$80 million (R80 million) of debenture funding to United Africa Group, a leading Namibian hospitality and property-owning group

Vantage Capital (VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided a debenture facility of N$80 million (R80 million) to United Africa Group (“UAG”) (UnitedAfricaGroup.com.na), an established hospitality and property-owning group in Namibia. The funding is being used to support the group’s equity contribution for the construction of a new Hilton Garden Inn, a 181-key three-star hotel to be located in the heart of the Windhoek city centre on Freedom Square, adjacent to UAG’s existing five-star Hilton Windhoek Hotel.

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Engen digs deep to partner world-leading uranium mine

Engen Petroleum, a leading producer and marketer of fuels, lubricants and oil-based products, is digging deep to ensure full operational efficiency for the Husab Uranium Project in Namibia during March 2016.

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Positive impact on credit industries in Africa: Namibian consumers soon to have greater chances of improving their credit records

Compuscan Credit Reference Bureau Namibia – headquartered in Stellenbosch, South Africa – has officially announced that its credit bureau licence has been approved by the Bank of Namibia, the country’s central bank. The issuing of this licence, during the first quarter of 2016, will ultimately result in positive growth for the country’s credit industry, and for consumers who could have additional databases count in their favour towards their creditworthiness.

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Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries representatives of the private sector, academia, the Executive Board of the IMF and IMF staff. At the end of the conference, the following statement was issued:

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Ahead of COP21, Forevermark CEO, De Beers Group and The World’s Leaders in the Diamond Industry Speak at the Omugongo, International Diamond Conference

Broad expertise in the field of diamond met in the Namibian capital, Windhoek. The second International Diamond Conference (also known as Omugongo: A Cut Above The Rest) (DiamondsNamibia.na/omugongo), this year brought together more than 150 worldwide stakeholders, Honourable Ministers, industry experts, academics, business leaders, manufacturers and the media. Their goal: to discuss challenges facing diamond beneficiation in Southern Africa: How to make this industry viable and sustainable. =&0=&

The two-day successful conference was hosted at the Safari Hotel in the capital Windhoek on November 23rd – 24th. During the conference, the National Earth Science Museum at the Ministry of Mines and Energy showcased some prestigious pieces of the Shining Lights Diamond Design Collection, some crafted by award-winning Namibian designers. At the exhibition, Simeon Niilenge Negumbo, Permanent Secretary of the Ministry of Mines and Energy, launched the Diamond Book of Namibia “A Beautiful Journey”.

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International Diamond Conference 2015

The World’s leaders in the Diamond Industry will come together in Africa’s best-kept secret, Namibia, for the International Diamond Conference 2015 (http://www.diamondsnamibia.na/omugongo/index.html). The Conference is themed: Omugongo, A Cut above the Rest. This prestigious event will be held at the Safari Conference Centre in the capital Windhoek, Namibia. This summit of Speakers from across the world is a unique forum for dialogue and cooperation between industry leaders at the highest level. The overall theme of the Conference will focus on the Challenges facing diamond beneficiation in Southern Africa: How can we make this industry viable and sustainable.”

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Paratus Telecom Deploys Infinera TM-Series for Metro Network in Africa

Infinera, provider of Intelligent Transport Networks, announced the deployment of the Infinera TM-Series for Paratus Telecom’s metro network in Africa. The deployment is Paratus’ first offering of wavelength division multiplexing (WDM) networking for connectivity services in Windhoek, Namibia’s capital city. The Infinera TM-Series enables Paratus to deliver multi-service transport services with low power, high density and bandwidth scalability. This increase in bandwidth is expected to bring better access to information for businesses and consumers alike. According to TeleGeography, bandwidth growth in Africa has grown 51 percent compounded annually over the last five years, faster than any other continent.

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Namibia and South Africa Forge Business Partnerships

Offering a stable economy, modern infrastructure, key transport corridors and a range of investment incentives, Namibia is actively seeking investment and partnerships with South African business.

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Southern Africa Officials Share Experience of Natural Resource Wealth Management

The IMF’s Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on “Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource Wealth” on September 21–25, 2015 in Mauritius.

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Construction management methodology due for overhaul

The African property development industry is rich in new developments, pressured successes and epic challenges. Lessons can be learnt by examining these projects, their strengths and weaknesses, their management strategies, and the reasons for their success or failure.

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IMF Executive Board Concludes 2015 Article IV Consultation with Namibia

On September 18, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Namibia.[1]

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Retail potential on African continent confirmed

– AT Kearney’s 2nd African Retail Development Index reconfirmed the continent’s retail potential

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Africa 2020 presents exciting opportunities for asset managers: PwC report

New research from PwC (http://www.pwc.com) projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: economic growth and the subsequent rise in wealth will boost the demand for pensions and life insurance products, the demand for retail investment funds will consequently increase, and the widespread adoption of technology will make delivery of new products cheaper, bringing more consumers into the formal financial sector.

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L’Afrique de 2020 présente de passionnantes opportunités pour les gestionnaires d’actifs : Rapport PwC

Le rapport Africa Asset Management 2020 est une étude approfondie qui examine l’industrie de la gestion d’actifs dans 12 pays d’Afrique

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What do customers really want?

Study shows customer experience will overtake product and price as a key brand differentiator by 2020

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