Economy (712)

The African Development Bank (AfDB) says Namibia needs at least N$94.6 billion to meet its climate targets and about N$11.2 billion to achieve its green growth objectives from 2021 to 2023.

The International Monetary Fund (IMF) has praised Namibia's strong fiscal discipline and prudent economic policies, which have spared the country from seeking financial assistance from the global lender.

The International Monetary Fund (IMF) says Namibia's real GDP grew by 4.6% in 2022, with continued expansion expected at a rate of 3.2% this year, which is poised to surpass pre-pandemic levels. 

Africa Oil Corp has announced that its investee company, Impact Oil and Gas Limited, and its partners are set to conduct a flow test of Venus-1A — the second successful well in the Venus discovery — in the fourth quarter of 2023.

Impact Oil & Gas says positive results from the appraisal and exploration program on Block 2913B, offshore Namibia, have provided crucial data required to advance development studies toward the first development of the oil block.

Namibia's total central government debt surged by 11.4% on a yearly basis, to N$145.6 billion at the close of June 2023, latest data reveals.

The Ministry of Mines and Energy has announced significant increases in dealer margins in a move aimed at stabilising the fuel supply chain and addressing the challenges faced by oil wholesalers and service station operators.

The Violence Against Children and Youth in Namibia Report of 2019, states that nearly 2 out of 5 females (39.6%) and males (45%) aged 18-24 years have experienced physical, sexual, and emotional violence in childhood. Moreover, both females and males experienced high rates of sexual violence: 11.8% of females and 7.3% of males ages 18-24, before turning 18 years old.

Of the three Groceries Wholesalers in Windhoek, Windhoek Cash n Carry surfaces as having the cheapest basket composition for the month of September.

The Ministry of Finance and Public Enterprises Deputy Minister Maureen Hinda-Mbuende says the much-touted establishment of the Public Enterprises Holding, an entity sought to administer all state-owned enterprises (SOEs), will not solve the dilemma of corruption and mismanagement perpetuated at some institutions.

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