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Namibia too heavily dependent on mining: Simataa

Secretary to Cabinet, George Simataa has said that there is a need to modernise the Namibian economy, saying that the local economy cannot continue to be dependent on the mining industry.“Every country in the world wants to modernise, as there are ser…

Savings In Financial Institutions Exceeds 2 Trillion Birr

Addis Ababa, The National Bank of Ethiopia has announced that the amount of savings in Ethiopian financial institutions has currently exceeded 2 trillion Birr.The Deputy Governor of the National Bank of Ethiopia, Solomon Desta said the saving culture …

New Strategy for Leather Sector Dev’t Takes Off

Addis Ababa, A 10-year strategy that aims to transform the country into a major leather and leather products exporter was launched today.The new Leather Sector Development Strategy tabled by Ministry of Industry aims to address challenges in the secto…

Etotha Carnival gets N.dollar 1.5 million boost

ONDANGWA: The Etotha Carnival received a financial boost of over N.dollars 1.5 million during the launch and fundraising event held in Ondangwa on Saturday.The Ondonga Traditional Authority, as the main sponsor, pledged N.dollar 500,000 for the hosting…

Huge market opportunity available through AfCFTA: Iipumbu

Minister of Industrialisation and Trade, Lucia Iipumbu on Friday stated that there is a huge market opportunity opening up through the African Continental Free Trade Area (AfCFTA) and the nation needs to prepare itself to be ready for trading.The minis…

Geingob tells EU Namibia will not export raw materials

WINDHOEK: President Hage Geingob has reiterated his stance that Namibia will no longer be exporting raw materials, saying the country is dedicated to improving the sustainability of its extractive industry.Geingob was speaking at the opening of the Eur…