Five Years On, Economic Association Has Made an Indelible Mark, Enjoys Extensive Corporate Support
The Economic Association has just received funding from an institutional supporter to help it develop capacity and to cover administrative costs. The association’s chairperson, Rowland Brown said most of their funding goes to specific projects leaving very little for growing their structure. “Despite the lean cost structure of the association, we face continuous challenges with […]
Central Procurement Board must prioritise local businesses to create jobs
WINDHOEK – It is imperative that financial resources allocated in the national budget circulate in the domestic economy, as more money spent locally will have a greater impact on economic growth and job creation. This is according to a local economist, Klaus Schade, who feels the Central Procurement Board has to ensure that preference is […]
Doubling Psemas fees will impact lower earners harder – Schade
During the tabling of the national budget on Wednesday, Finance Minister Calle Schlettwein announced that the member’s contribution to the Public Service Medical Aid Scheme (Psemas), which has for long been static, will be doubled to bring the total contribution from the current N$410 million to N$820 million, effective April 2019. However, an economic analyst […]
Budget needs to address civil service and budget deficit
With the date of the tabling of the national budget confirmed for Wednesday, 13 March, 2019, economists have pointed out the bloated wage bill, under-performing public enterprises, including a review of the public sector, and the budget deficit as some of the most crucial aspects that Finance Minister, Calle Schlettwein, needs to address. “Natural attrition […]
Inflation pushes up food prices: EAN
WINDHOEK, 17 FEB (NAMPA) – Consumers have been paying more for food and non-alcoholic beverages as prices continued the upward trend, owing largely to the high inflation rate in January compared to December 2018. This observation was made by the Economic Association of Namibia (EAN) in its review of the latest Consumer Price Index (CPI) […]
Namibian Economy Expected to Improve in 2019
TJIPENANDJAMBI KUHANGA AFTER experiencing negative growth over the last 10 quarters, the Namibian economy is expected to rebound in 2019, going forward. The Bank of Namibia (BoN) said in their economic outlook report for December 2018 that despite economic challenges, they are expecting the economy to recover to a positive growth rate of 1,5% in […]
Fuel price hikes – The Namibian
CONSUMERS must brace themselves for another tough month as fuel prices were increased for a fourth consecutive month, with analysts predicting that prices will continue on an upward trajectory for the remainder of 2018 (…) Economic Association of Namibia research associate Klaus Schade added that the continuation of the depreciation of the Namibia dollar against […]
A single African currency: What it would mean for global currencies? New Era
WINDHOEK – There has been speculations in recent years as to the real reason behind the removal of Libya’s Muammar Gaddafi with one of the most popular theories being that he was in the process of establishing a single gold-backed currency for Africa called the Gold Dinar. Many conspiracy theorists are of the opinion that […]
Upward pressure expected to remain as inflation continues to rise – New Era
WINDHOEK – Continuous upward pressure is expected on inflation, mostly owing to the rising fuel prices, the most recent of which was a 25 cents per litre increase in August, attributed to the adjustment of the fuel tax in August. Although international oil prices have eased slightly, the prevailing sentiment is that the depreciation of […]
Balanced policies needed to improve Namibia’s rating – New Era
WINDHOEK – Namibia needs smart policies that balance the need to address the major social challenges of poverty, inequality and unemployment, coupled with having to remain attractive to domestic and foreign investors, analysts and economists said this week. Such policies require a continuation of the close cooperation between the public and private sectors, which if […]