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Author: Guest Contributor

Year in review with Bank Windhoek

By Baronice Hans Managing Director of Bank Windhoek Global Credit Ratings has affirmed the national scale ratings assigned to Capricorn Investment Group Limited of AA(NA) and A1+(NA) in the long term and short term respectively; with the outlook accorded as Stable. Global Credit Ratings has also affirmed the national scale ratings assigned to Bank Windhoek Limited of AA(NA) and A1+(NA) in the long-term and short term respectively; with the outlook accorded as Stable. Furthermore, Global Credit Ratings has affirmed the long term South African national scale (Rand) issuer rating of A+ (ZA) assigned to Bank Windhoek Limited; with the...

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Before you get on that aeroplane, check that your passport is still valid

By Paulus Nakawa, Manager Corporate Communications, Air Namibia It’s been a long year and November took forever. Knowing that the holiday season is approaching is the focus point of employees, business owners, government workers as well as children and students everywhere. December is the holy grail of holidays for Namibians and we often start planning our time away months in advance. Hopefully saving for the holiday has also started months ago, as we all know about KeDedezemba! The starting point for the holiday season is actually travelling out of town. Namibia is hot at the best of times, but...

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The dangerous delusion of price stability

By William White, a former deputy governor of the Bank of Canada, and a former head of the Monetary and Economic Department of the Bank for International Settlements, is Chairman of the Economic and Development Review Committee at the OECD. Copyright: Project Syndicate, 2017. www.project-syndicate.org BASEL – The major central banks’ vigilant pursuit of positive but low inflation has become a dangerous delusion. It is dangerous because the policies needed to achieve the objective could have unwanted side effects; and it is a delusion because there is currently no good reason to be pursuing the objective in the first...

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Health sector needs around US$1.86 billion to treat TB between 2015 and 2030

Recent data commissioned by the Global Tuberculosis (TB) Caucus presented this week shows that the country will need at least US$1.86 billion to treat TB between 2015 and 2030, aa reported by Xinhua News Agency. Namibia is the fourth worst TB affected country in the world with over 9,000 patients diagnosed with the disease in 2014. This new research outlines the extent of the human and economic cost which will result from inaction in addressing the TB epidemic. The estimates, based on figures from the World Health Organization, show that failing to tackle TB will cost the world economy...

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Inequality is the world’s number one threat to democracy

By Kaushik Basu, former Chief Economist of the World Bank, currently Professor of Economics at Cornell University and Non-resident Senior Fellow at the Brookings Institution. Copyright: Project Syndicate, 2017. www.project-syndicate.org MUMBAI – At the end of a low and dishonest year, reminiscent of the “low, dishonest decade” about which W.H. Auden wrote in his poem “September 1, 1939,” the world’s “clever hopes” are giving way to recognition that many severe problems must be tackled. And, among the severest, with the gravest long-term and even existential implications, is economic inequality. The alarming level of economic inequality globally has been well...

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Growing inequality in emerging markets becoming entrenched feature of economic growth

Controversial French economist, Thomas Piketty, together with his working group, has just released the most comprehensive ever report on world inequality. Piketty first grabbed the world’s attention in 2014 when his seminal work, Capital in the 21st Century, was translated into English. This week, Piketty and his group of economists at the World Inequality Lab, Facundo Alvaredo, Lucas Chancel, Emmanuel Saez and Gabriel Zucman, released the first edition of the World Inequality Report. The research relies on the most extensive database on the historical evolution of income and wealth inequality. It contributes to a more informed global democratic debate...

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Good bye and good riddance to the Year of Fake News

By Geni Dee It is getting extremely difficult to distinguish between what is really happening in the world and the sensationalist nonsense called Fake News that is shared across social media. If you don’t know what I am referring to, you might have been living under a rock this past year. Fake news has become so common that it was even added to the Collins Dictionary as one of the Words of the Year for 2017. The term means “often sensational, information disseminated under the guise of news reporting”, suggesting that it is half-truths and propaganda deliberately spread to...

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Visa-on-arrival better than blanket visa-free intra-African travel

By Kerry Dimmer for United Nations Africa Renewal Would an Africa in which Africans require no visas to travel boost prospects for intracontinental trade? The African Union (AU) and many of the continent’s economic organisations think so and want it to be a reality by 2020. It is not an entirely original concept (the European Union already has a visa-free policy for its citizens), and many experts laud the AU’s position, at least in principle. The idea of an African passport dates back a quarter of a century but has failed to catch on with countries that fear an...

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