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Author: Guest Contributor

Performance conversations – Promoting inclusivity

By Retuura Ballotti Human Resources Manager for Retail Banking at Bank Windhoek There is no denying the speed of misalignment between technological advances in the workplace that should be geared at allowing an increase and improvement in business efficiency and employee engagement. According to Deloitte’s 2017 Global Human Capital Trends report, there is a jarring development where business is not catching up with the technological sophistication and speed that is deployed elsewhere in our lives. That being said, this should not be used as an excuse to hamper performance conversations – we should not rely on systems to talk...

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Curse of the begging bowl syndrome will always haunt us

Dear Economist Editor With the current financial crunch gripping the country a handful of capital projects have been stopped which in turn resulted in unemployment, retrenchments and closure of businesses, which one can say are the order of the day. ‘Tenderpreneurs’ have been downgraded to nothing but mere shadows of their former lives, as the government halted most of their contracts which the tenderpreneurs relied on for the upkeep of their lavish lifestylse – despite the fact that most of them failed to fulfill their contractual obligations or simply delivered sub-standard material and work. Trying to pull itself up...

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Yet another looming financial crisis

By Martin Khor, Executive Director of the South Centre, addressing the Intergovernmental Group of Twenty-four (See note below) On the basis of standard indicators, the global economy has not fully recovered from the 2007-08 financial crisis. Policies pursued in the US and Europe in response to the crisis have failed to restore rigorous and sustained growth but produced significant financial fragility. Despite the recent upturn, global growth remains well below the rates seen before the outset of the crisis. Debt in both advanced and developing economies has accumulated massively as a result of the ultra-easy monetary policies pursued in...

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Africa holds the key for feeding 9 billion people by 2050 – African Development Bank President

Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, the President of the African Development Bank and 2017 World Food Prize Laureate, Dr. Akinwumi Adesina said during his Norman Borlaug Lecture delivered on World Food Day. The Laureate also called for land tax for unused agricultural land or underutilized agricultural land to provide incentives for faster commercialization of agriculture and unlocking its potential in Africa. In a lecture titled “Betting on Africa to Feed the World,” delivered on Monday, October 16 before a large international audience at Iowa State University in...

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Betting on Africa to feed the World

The African Development Bank President, Akinwumi Adesina, will deliver the Norman Borlaug Lecture as part of the World Food Prize events taking place from October 16-20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture titled “Betting on Africa to Feed the World” will be held on World Food Day, in conjunction with the annual World Food Prize celebration. President Adesina will receive the 2017 World Food Prize on Thursday, October 19. The prize is to agriculture what the Nobel Prize is to peace, science and literature. The World Food Prize board announced President Adesina as the 2017...

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Chamber of Commerce calls for accelerated local value addition

The NCCI would like to unequivocally support the national emphasis on industrialization – the addition of value on Namibia’s basic resources, to facilitate broader development. Namibia has a vast source of comparative and competitive advantage through its massive natural endowments of minerals that are not being leveraged sufficiently. This therefore, although an often-difficult task and one that requires reversing certain long entrenched economic and social practices, we at NCCI hereby call on all Namibian Businesses to embrace value addition. Put simply, value-addition drives its importance from the fact that it has been known to have led to increased revenues...

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Strategizing savings plan important

With World Savings Day being celebrated on the 31 October, Bank Windhoek urges bankers to carefully outline planning and execution of savings plans. Jacquiline Pack, Executive Officer for Marketing and Corporate Communication Services at the Bank advised that self-assessment and honesty is crucial during the planning process before a savings goal needs to be set. “The goal should be measurable, achievable, realistic and timely. For example, cooking at home instead of buying takeaways. It is always best to start small and built up gradually. The goal should require self-discipline and a little sacrifice when it comes to spending. Write...

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The massive damage of State Capture – when the distinction between party, state and despot fades

By Gerhard Erasmus, Associate at the Trade Law Centre, tralac. Professor Erasmus is one of three constitutional lawyers who drafted the Namibian Constitution which was approved and ratified by the Constitutional Assembly between December 1998 and March 1990.   South Africa has seen an avalanche of very disturbing revelations about corruption and state capture. This has been going on for some time, and still there is no response from the [SA] government as to how this crisis will be addressed. The ANC leadership is occupied by a different agenda; keeping the lid on internal squabbles and electing a new...

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