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Author: Guest Contributor

How many Chinese tourists will spend their New Year celebrations in Namibia?

A report released this week by ForwardKeys indicates that China is fast becoming the world’s most important feeder territory for international tourism. Following visa relaxation in many countries, a spectacular increase in the number of Chinese visitors has resulted. The report forecasts that in a mere three years, by 2020, Chinese outbound travellers will top the 200 million mark. Speaking at the recent World Bridge Tourism conference in London, the Chief Marketing Officer at FowardKeys, Mr Laurens van den Oever said “The Chinese dragon is breathing more hotly than ever. Bookings for outbound travel during Chinese New Year in...

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Rule of Law key to sustained and sustainable infrastructure investment

Cape Town, 02 November 2017 — Africa’s first roundtable on infrastructure governance is taking place in Cape Town this week. Chris Heathcote, CEO of co-host, the Global Infrastructure Hub (GI Hub) (www.GIhub.org), shares his views on the opportunities and obstacles of infrastructure development in Africa. By Chris Heathcote, CEO of the Global Infrastructure Hub (GI Hub) Infrastructure is crucial to Africa’s growth prospects. It’s also hard to get right. Until now, policy makers have focused on improving access to finance. But a consensus is developing globally that a major factor hindering infrastructure implementation is a lack of good governance...

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January should not be a month of financial worry

Earlier this year, one of the local newspapers carried a story accompanied by a picture of mostly women standing in a long queue at a cash loan. As the saying goes, ‘a picture is worth a thousand words’ and the story that picture told was a painful one. A story of how the majority of us tend to party up a storm spending a lot of money during the festive season without giving a moment’s thought on how we might get through January. So bad is our financial state during the first month of the year that we have...

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Belt and Road Initiative – various African countries offer major investment opportunities: New Report

China’s Belt and Road Initiative (BRI) is stepping up a gear, with new BRI-related projects estimated to be worth US $350 billion over the next five years. This is according to a new report by Baker McKenzie and Silk Road Associates; Belt & Road: Opportunities & Risks. The prospects and perils of building China’s New Silk Road. According to the report, various African countries along the BRI have the potential to provide major opportunities for investment. These countries particularly include Kenya, Tanzania, Ethiopia, Djibouti and Egypt. The report explains how BRI (also known as One Belt One Road (OBOR))...

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Locals encouraged to consume more fish

The Minister of Fisheries and Marine resources Bernhard Esau urged the Namibia Fish Consumption Promotion Trust (NFCPT) board of trustees to ensure that locals consume more fish. He said this at the inauguration of the NFCPT board of trustees last week in Walvis Bay. According to Esau, locals consumed an average 13 kilograms of fish per person during the 2016/2017 financial year. The minister wants the amount to increase as Namibia is a major producer of fish. “The low consumption has contributed to locals missing out on health benefits of eating fish, like omega 3 fatty acids, are found...

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An open letter to the Education Ministers

Dear Hon. Ministers Through this letter the Namibian Employers’ Federation as mandated by its affiliates seeks to express its concern in relation to the envisaged reduction oft he education budget allocations and simultaneously urge your respective Ministries to advance and table these concerns on our behalf, and on behalf the larger Namibian population who stands to be directly affected, to the highest levels of decision making for their consideration. From the onset, we make reference to a notable quote from the Founding Father’s “Vision 2030, accepted by the Government at the time and which has guided the country for the past years. “As required...

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Two Chinese-built naval vessels commissioned in Walvis Bay

Two state-of-the-art Chinese-built naval vessels were commissioned last week in Walvis Bay by H.E President Hage Geingob. According to Xinhua News Agency the two submarine chasers, Brukkaros and Daures, boast surface and undersurface targets attacking capabilities and were donated by the Chinese People’s Liberation Army and arrived in Namibian waters in August. The President thanked China for its assistance to the country in protecting its territory and maritime resources. “The delivery and incorporation of the two submarine chasers into our naval fleet will add tremendous value to Namibia’s naval combat surface and under-surface capability, as well as augment the...

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The West’s view of intellectual property restricts Third World access to affordable medicine

By Joseph Stiglitz, Dean Baker and Arjun Jayadev A Nobel laureate in Economics, Joseph E. Stiglitz is Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. Dean Baker is the Co-Director of the Center for Economic and Policy Research in Washington DC and Arjun Jayadev is Professor at Azim Premji University and a senior economist at the Institute for New Economic Thinking. New York – Developing countries are increasingly pushing back against the intellectual property regime foisted on them...

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