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Namibia climbs three spots up the Global competitiveness ladder

According to the Global Competitiveness Report 2015/16 released earlier this week, Namibia is still a long way from achieving NDP4 competitiveness targets, despite the country improving on its rankings. The annual assessment of the factors driving productivity and prosperity in 140 countries was released and Namibia rose by three places …

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First wind farm slated for 2016

Construction of the first wind farm is expected to start in the second or third quarter of this year with the potential involvement of the Lüderitz Town Council according to Alexandre Matton, a project engineer involved with local solar company, Innosun. Explaining the detail to the Economist, Matton said Innosun …

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Economic growth slows to 3.5% year on year

The Namibia Statistics Agency (NSA) released its gross domestic product (GDP) report for Quarter 3 of 2015. Real economic growth slowed to just 3.5% year-on-year during the period from an upwardly revised estimate of 6% year-on-year for the second quarter the GDP numbers showed. Commenting on the results, analysts PSG …

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