Namibia Talks Tough On Exports, Mining Laws
THE Namibian Government has said it will only negotiate for the full implementation of an Economic Partnership Agreement (EPA) with the European Union if the best interests of Namibian industry are represented.
SADC States Take Different Paths to EPA Deal With EU
WINDHOEK: SOUTHERN African Development Community (SADC) member states have taken different platforms in negotiating for their engagement with the European Union for the implementation of the full Economic Partnership Agreements (EPAs)
Angola’s Diamond Industry On The Mend As Gem Prices Recover
WINDHOEK- Angola’s diamond industry is on the mend, as prices of gems begin to rise gradually, following a battering of the mining sector brought about by the global economic downturn.
Namibia Moves to Protect Local Businesses as Chinese Companies Dominate Market
WINDHOEK: THE Namibian government is calling for legislation to reduce the dominance of multinationals in the allocation of tenders for major capital projects and increase the involvement of locals in business and mining activities.
PAY UP: African Development Bank Raps Zim Over Debt
The African Development Bank (ADB) has said Zimbabwe must clear its arrears with international lending institutions before it can benefit from available funds. ADB deputy president Aloysius Ordu told journalists in Harare Monday that Zimbabwe’s debt of about US$6 billion was “too huge” and should be cleared before the troubled southern African country could access new money.
LIGHTS OUT: Namibia, Zimbabwe power deal on the rocks?
Namibia is in the dark about a reported decision by Zimbabwe to stop the export of electricity to Namibia, maintaining “it is business as usual” and that the export arrangement between the two countries remains in place. NamPower’s Managing Director, Paulinus Shilamba, got a New Year surprise from Zimbabwe when that country’s independent online news agency, Zim Online, reported that the Zimbabwean Minister of Energy, Elias Mudzuri, has ordered the Zimbabwean Electricity Supply Authority (ZESA) to stop exporting power to Namibia because the Hwange power station is not working properly.
China, a leading producer and consumer of gold, is taking control of the market
It now looks for sure that China, in 2009, overtook India as the world’s largest gold consumer. The ‘Middle Kingdom’ had already surpassed South Africa and the U.S. as the world’s largest gold miner a year earlier. Latest figures out of Beijing suggest that gold demand in China grew by an estimated 13.8% to around 450 tonnes in 2009, while India’s estimated consumption last year is put at only around 210 tonnes – about half its consumption level in 2008. Much of the disparity last year was due to a decline in Indian buying as purchasers were put off by higher prices.
Zim works on five-year-plan
THE Zimbabwe government has drafted a comprehensive five-year recovery plan aimed at stimulating the country’s economy and restoring human rights and the rule of law. The 2010-2015 Medium Term Plan (MTP), submitted to the World Bank, United Nations and other high profile international governmental organisations recently, details
Sliding dollar hits Zim Tourism
Zimbabwe’s tourism industry has been adversely affected by the Reserve Bank of Zimbabwe’s decision not to devalue the country’s weakening currency with operators now realizing more revenue from local tourists than from international travelers due to the low official exchange rates. With the current official exchange regulations prevailing in Zimbabwe, international tourists are paying exorbitant [...]