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Republic of Namibia KAS Factbook April 2021 © Konrad-Adenauer-Stiftung E.V
Republic of Namibia KAS Factbook April 2021 © Konrad-Adenauer-Stiftung e.V. Independence 21 March 1990 (national holiday) 1 Capital Windhoek (about 400,000 inhabitants)0F Government Republic (bicameral system) Member of the Commonwealth of Nations since 1990 Official Language English (until 1990 also Afrikaans and German) Namibia has 13 recognized national languages, including 10 indigenous African languages and 3 Indo- European languages. Most frequent mother tongues are: Oshiwambo (48.9%), Nama/Damara (11.3%), 2 Afrikaans (10.4%).1F Administration 14 regions: Caprivi, Erongo, Hardap, Karas, Kavango, Khomas, Kunene, Ohangwena, Omaheke, Omusati, Oshana, Oshikoto, Otjozondjupa, Zambezi President Dr. Hage Geingob (since 2014) Area 824,292 km2 Geographical Angola (north), Zambia (north-east), Zimbabwe (north- borders east), Botswana (east), South Africa (south), Atlantic Ocean (west) 3 4 Population 2,678,192F inhabitants, 52% urban3F 5 Population growth 1.83%4F rate Unemployment Total: 34% rate Currency NAD (N$) 1 € = N$ 17.82 (22.02.21) 1 City of Windhoek, http://www.windhoekcc.org.na/pdf/Councillor%20Ogranogram%202016.pdf (2016) Other estimates higher number. 2 CIA, The World Factbook, (2021). 3 CIA, The World Factbook, (2021). 4 CIA, The World Factbook, (2021). 5 CIA, The World Factbook, (2021). - 2 - www.kas.de/namibia Religion 80% - 90% Christian (at least 50% Lutheran), 10% - 20% indigenous beliefs Contents 1. History – Colonialism and Independence ................................................................... 4 2. State and Politics -
October 2018 Research Analysts
0 IJG Namibia Monthly October 2018 Research Analysts: Eric van Zyl [email protected] +264 61 383 530 Cecil Goliath [email protected] +264 61 383 529 Danie van Wyk [email protected] +264 61 383 534 IJG Namibia Monthly October 2018 1 Contents Economic Highlights ......................................................................................................................... 2 IJG/IPPR Business Climate Index ...................................................................................................... 3 Public Debt Securities ....................................................................................................................... 3 Private Sector Credit Extension ........................................................................................................ 4 Namibia CPI ........................................................................................................................................ 4 New Vehicle Sales .............................................................................................................................. 5 Namibian Asset Performance ........................................................................................................... 6 Equities ............................................................................................................................................... 8 Bonds ................................................................................................................................................ 10 Money Market (Including -
Procurement Tracker Namibia
PROCUREMENT TRACKER NAMIBIA Issue No. 9 April 2020 Rule of law broken The Public Procurement Act was sup- new board not become tainted by the the starting blocks, when it emerged in posed to be a bright new dawn, so same negative perceptions that haunted March 2017 that then finance minister why and how has it gone so wrong? the old Tender Board. Calle Schlettwein was on the verge of ap- We review the first three years of the And he was right. For while the Public pointing the CPBN following an opaque new procurement system. Procurement Act of 2015 ticks most of process. This while the law, in section 11 the right boxes in terms of best prac- (c) of Part 3, provides for an “open, fair When he officiated at the unveiling of tice on paper, the operationalising and and transparent” recruitment process. the new corporate identity of the Central implementation of the law has been a And that was just the beginning of the Procurement Board of Namibia (CPBN) very rocky exercise. Hence the negative implementation challenges that were to in March 2020, then finance deputy min- perceptions. follow. ister Natangwe Ithete cautioned that the The system’s troubles commenced in TO PAGE 2 PROCUREMENT TRACKER FROM PAGE 1 Transparency & Institutional weakness This suggests that the system could accountability deficits limp on for years to come and points The transparency and accountability to a lack of appropriate planning that While the law starts off by stating deficits point to what has become the should actually have preceded the that transparency and accountability obvious culprit: institutional weak- implementation and operationalising of are core to the procurement system it nesses. -
Namibia Mid-Year Budget Review Policy Statement
Mid-Year Budget Review Policy Statement Speech Presented By Calle Schlettwein, MP Minister of Finance Available on the Website: www.mof.gov.na November 2015 Page 1 of 20 1. INTRODUCTION Honourable Speaker; Honourable Members of the National Assembly; Fellow Namibians; 1. It is a distinct privilege for me to present the maiden Mid-Year Budget Review Policy Statement, a first for Namibia, and an added pillar for fiscal transparency, accountability and a more open budget formulation process. 2. In terms of Article 126 of the Namibian Constitution, read with Section 1(1) of the State Finance Act, I have the honour to table, for the favourable consideration and approval by this honourable House, the FY2015/16 Appropriation Amendment Bill and FY2015/16 – 2017/18 Adjusted Estimates of Revenue and Expenditure. 3. The Appropriation Amendment Bill which I am tabling today proposes a redeployment of funds identified within budget Votes for reallocation to various priority programmes within and across the Budget Votes, without increasing overall expenditure and therefore without increasing the overall budget ceiling. It is, thus, not an additional budget. It is a measure intended to enhance optimum delivery of services, resource allocation efficiency and meeting priority commitments of the day. 4. Broadly, the Policy Statement is intended to serve three key objectives, namely;- To provide a review of the half-year budget execution; identifying potential savings and resource shortfalls in the current budget and proposing resource reallocation within the budget and subsequent MTEF, To give an explanation of the macroeconomic and fiscal projections under which the next budget and MTEF will be prepared and; most importantly, To make advance announcement of the proposed fiscal framework and the government spending priorities for the next MTEF. -
A N N U a L R E P O R T 2 0
Annual Report 2020 Bank of Namibia 2020 ANNUAL REPORT Notes This is the Bank of Namibia Annual Report and Financial Statements for the financial year ended 31 December 2020, which are prepared pursuant to section 67(1) of the Bank of Namibia Act, 2020 (Act no. 1 of 2020). © Bank of Namibia, 2020 All rights reserved. No part of this publication may be reproduced, copied or transmitted in any form or by any means, including photocopying, plagiarising, recording and storing, without the written permission of the copyright holder except in accordance with the copyright legislation in force in the Republic of Namibia. The contents of this publication are intended for general information only and are not intended to serve as financial or other advice. While every precaution is taken to ensure the accuracy of information, the Bank of Namibia is neither liable to any person for inaccurate information nor for any opinion contained in this publication. Published by the Bank of Namibia 71 Robert Mugabe Avenue PO Box 2882 Windhoek NAMIBIA Tel.: +264 61 283 5111 Fax: +264 61 283 5231 http://www.bon.com.na Enquiries: [email protected] ISBN: 978-99916-972-2-2 Part A: Operations And Affairs Of The Bank 1990 FIRST OFFICE AT DBN BUILDING Content Message from the Governor 5 Part A 11 Operations and Affairs of the Bank Part B 83 Annual Financial Statements for the Financial Year ended 31 December 2020 Part C 135 Economic and Financial Developments in 2020 Theme Chapter 212 Part D 226 Banking Supervision Part E 251 Statistical Appendix List of Abbreviations 304 BoN Annual Report 2020 1 Milestones of the Bank of Namibia Inflation has gradually decreased over the past 30 years and is well under control, bringing greater predictability for economic agents. -
Republic of Namibia
Republic of Namibia KAS Fact book, July 2021 © Konrad-Adenauer-Stiftung e.V. Office Namibia-Angola Revised edition www.kas.d e Overview Independence 21 March 1990 (national holiday) Capital Windhoek (estimate: 300 000 inhabitants)1 Government Republic (bicameral system) Member of the Commonwealth of Nations since 1990 Official Language English (until 1990 also Afrikaans and German). Namibia has 13 recognized national languages, including 10 indigenous African languages and 3 Indo-European languages. Most frequent mother tongues are: Oshiwambo (48.9%), Nama/Damara (11.3%), Afrikaans (10.4%).2 Administration 14 regions: Caprivi, Erongo, Hardap, Karas, Kavango, Khomas, Kunene, Ohangwena, Omaheke, Omusati, Oshana, Oshikoto, Otjozondjupa, Zambezi President His Excellency Dr Hage Geingob (since 2014) Area 824 292 km2 Geographical Angola (north), Zambia (north-east), Zimbabwe (north-east), borders Botswana (east), South Africa (south), Atlantic Ocean (west) Population 2 678 19 inhabitants3, 52% urban4 Population growth 1.83%5 rate Unemployment rate Total: 34% Currency NAD (N$) 1€ = N$16.876 (28.06.2021) Religion 80% - 90% Christian (at least 50% Lutheran), 10% - 20% indigenous beliefs 1 windhoekcc..org:,na: http://www.windhoekcc.org.na/tour_history_heritage.php (Accessed: 28.06.2021). Other estimates higher number. 2 CIA, The World Factbook, (2021). 3 CIA, The World Factbook, (2021). 4 CIA, The World Factbook, (2021). 5 CIA, The World Factbook, (2021). 6 oanda.com: https://www1.oanda.com/currency/converter/ (Accessed: 28.06.2021). 2 Contents -
Annual Report 2015
NAMFISANAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY 2015ANNUAL REPORT 1 There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder. Ronald Reagan 2 3 NAMFISA’s ABOUT US NAMFISA Board 06 NAMFISA CEO’s 07 DRIVING Our Core Functions 08 Our Mission 08 Our Vision 08 Our Values 06 Our Leadership Creed 09 4 FORCE 5 Estelle Tjipuka Board Chairperson Gersom Katjimune Vice Chairperson Simeon Amunkete Malverene Theron Mr Bonifatius Konjore Board Member Board member Board member NAMFISA NAMFISA BOARD CEOs 6 7 OUR CORE OUR LEADERSHIP FUNCTION CREED The Namibia Financial Institutions Supervisory Authority (NAMFISA) exists to supervise financial institutions and financial services We are committed We are exemplary We care and to advise the Minister of Finance on matters relating to financial institutions and financial services in terms of the Namibia We take ownership of our mandate We set the leadership benchmark We care about the well-being of our Financial Institutions Supervisory Authority Act, 2001 (No. 3 of 2001). We have a sense of urgency to execute employees our strategy We are approachable and fair We care about the protection of Core Function 1: Core Function 2: Additional Function We take mutual accountability to We encourage innovation and financial services consumers Supervision Advice AML/CFT Supervision embed our vision and values creativity We care about the safety and soundness of the financial services To supervise the business of financial To advise the Minister of Finance on To supervise, monitor and enforce We are united We are decisive and firm sector institutions and financial services matters related to financial institutions compliance with the Financial We have as a shared vision being We are consistent in our decisions and financial services Intelligence Act, 2012 (No. -
Government Gazette Republic of Namibia
GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA N$6.00 WINDHOEK - 28 April 2020 No. 7193 CONTENTS Page PROCLAMATION No. 15 Announcement in terms of Article 32(8) of the Namibian Constitution of appointment of certain persons: Namibian Constitution ............................................................................................................. 1 ________________ Proclamation by the PRESIDENT OF THE REPUBLIC OF NAMIBIA No. 15 2020 ANNOUNCEMENT IN TERMS OF ARTICLE 32(8) OF THE NAMIBIAN CONSTITUTION OF APPOINTMENT OF CERTAIN PERSONS: NAMIBIAN CONSTITUTION In terms of Sub-Article (8) of Article 32 of the Namibian Constitution, I announce that I have - (a) under the powers vested in me by – (i) Sub-Article (3)(i)(aa) of that Article, appointed the person whose name appears in column 1 of Schedule 1 to the office indicated in column 2 of that Schedule; (ii) Sub-Article (3)(i)(bb) of that Article, appointed the person whose name appears in column 1 of Schedule 2 to the office indicated in column 2 of that Schedule; (iii) Sub-Article (3)(i)(cc) and (i)(dd) of that Article, appointed the person whose name appears in column 1 of Schedule 3 to the offices indicated in column 2 of that Schedule; 2 Government Gazette 28 April 2020 7193 (iv) Sub-Article (3)(i)(dd) of that Article, appointed the persons whose names appear in column 1 of Schedule 4 to the offices indicated in column 2 of that Schedule; (v) Sub-Article (3)(i)(ee) of that Article, appointed the person whose name appears in column 1 of Schedule 5 to the office indicated in column 2 of that Schedule; (vi) Sub-Article (3)(i)(ff) of that Article, appointed the person whose name appears in column 1 of Schedule 6 to the office indicated in column 2 of that Schedule; and (vii) Sub-Article (3)(i)(gg) of that Article, appointed the person whose name appears in column 1 of Schedule 7 to the office indicated in column 2 of that Schedule, with effect from 21 March 2020; and (b) withdrawn Proclamation No. -
Namibia QER Q1 2020 Namibia Quarterly Economic Review January-March 2020
Namibia QER Q1 2020 Namibia Quarterly Economic Review January-March 2020 Quarter News Key Data Special Summary Highlights Economic Trends Feature Variables 1 4 8 11 13 Quarter Summary Macroeconomic Situation – going into an unprecedented global crisis from a position of extreme weakness The latest preliminary national accounts for 2019 confirm what everyone suspected – Namibia’s economy has experienced four of its worst years since Independence. 2015 2016 2017 2018 2019 GDP growth 4.5% -0.3% -0.3% 0.7% -1.1% Recent pronouncements by local and international authorities that 2020 will see the resumption of modest growth have now been overtaken by events. The corona virus pandemic will, in the short to medium-term at least, severely affect economic performance and put significant strain on Namibia’s public finances which were already in poor shape. Efforts to get the economy through the immediate crisis will take precedence over efforts at reform. Namibia went into the global financial crisis in a relatively strong position from a fiscal and monetary point of view. This time is very different. New Cabinet Appointed On 16 March President Geingob announced a new government structure and on 22 March announced his new Cabinet and related appointments. The two Cabinets and appointments are summarised below taking into account the resignations of Bernhard Esau and Sacky Shanghala over Fishrot and Katrina Hanse-Hamarwa over corruption in 2019. Old Cabinet New Cabinet Office of the President Office of the President 1 The Namibia Quarterly Economic Review is compiled by the Institute for Public Policy Research and is financially supported by the Hanns Seidel Foundation. -
IPPR Namibia QER Q1 2021 Opt
NAMIBIA QER Q1 2021 NAMIBIA QUARTERLY ECONOMIC REVIEW JANUARY - MARCH 2021 Special Feature: News Key Economic Data Trends National Budget Highlights Variables 2021/22 1 10 12 15 National Budget 2021/22: Wakanda Must Wait Finance Minister Iipumbu Shiimi tabled Namibia’s National Budget for FY2021/22 in front of a masked Parliament on Wednesday 17 March. e country’s overall economic situation had already deteriorated before Covid turned up to make a bad situation much worse and Shiimi’s predecessor Calle Schlettwein had already presided over four years of little or no growth. Covid has made this situation much worse. At the time of the last budget, Shiimi estimated the econ- omy would shrink by 6.6% in 2020 and by a further 1.1% in 2021. e latest estimates published shortly aer the budget show GDP shrank by 8.0% in 2020. Shiimi expects growth to reach 2.1% in 2021 and 2.8% in 2022. Table 1: Estimated Growth Rates and Forecasts 2015 2016 2017 2018 2019 2020 (e) 2021 (f) 2022 (f) GDP growth 4.3% -0.0% -1.0% 1.1% -0.6% -8.0% 2.1% 2.8% Source: Preliminary National Accounts 2020 and National Budget Government had already used monetary policy to support the weak economy and the Bank of Namibia’s Mon- etary Policy Committee had agreed to maintain the repo rate at the historic low of 3.75% prior to the budget on 17 February. Table 2: Nominal GDP Fiscal Strategy (Table 6) 2018/19 2019/20 2020/21 2021/22 Nominal GDP (N$m) 178,208 178,940 174,979 184,778 is year’s budget documentation avoided last year’s confusion showing dierent gures for nominal GDP in dierent documents. -
Mining Industry Review for 2020 by Zebra Kasete President, Chamber of Mines of Namibia at the AGM, 21 April 2021 Zoom Meeting 14.30 Hours
Mining Industry Review for 2020 By Zebra Kasete President, Chamber of Mines of Namibia At the AGM, 21 April 2021 Zoom meeting 14.30 hours Corrected Version – 3 May 2021 Senior staff of MME present, Council members, Chamber Members present, Esteemed invited guests, Members of the Press, Ladies & Gentlemen. It is with great pleasure that I welcome you to the 42nd Annual General Meeting of the Chamber of Mines of Namibia, and my last report to share on the industry as out-going President of the Chamber of Mines. Unfortunately, our Guest of Honour, Honourable Tom Alweendo, could not be with us as he usually does, due to a clash of commitments. I am, however, pleased to note that some senior MME staff have joined us. The industry is most grateful for the Minister’s continued support and commitment to create an enabling environment that aims to grow Namibia’s mining sector. It is now my honour to present the President’s Report for 2020, which features the impacts and challenges presented by Covid-19 on Namibia’s mining sector and Chamber members. The past year challenged every operation to adopt a new way of being, which meant making unconventional changes to ensure the utmost health and well-being of the mining workforce and their families during the Covid-19 pandemic. 1. Safety It is with regret that the year 2020 ended with one fatality, which happened at Dundee Precious Metals Tsumeb on 19 November. The incident occurred at the Pugmill during a maintenance operation in the trough with twin paddle shafts. -
Namibia QER Q1 2021 Namibia Quarterly Economic Review January - March 2021
NAMIBIA QER Q1 2021 NAMIBIA QUARTERLY ECONOMIC REVIEW JANUARY - MARCH 2021 Special Feature: News Key Economic Data Trends National Budget Highlights Variables 2021/22 1 10 12 15 National Budget 2021/22: Wakanda Must Wait Finance Minister Iipumbu Shiimi tabled Namibia’s National Budget for FY2021/22 in front of a masked Parliament on Wednesday 17 March. The country’s overall economic situation had already deteriorated before Covid turned up to make a bad situation much worse and Shiimi’s predecessor Calle Schlettwein had already presided over four years of little or no growth. Covid has made this situation much worse. At the time of the last budget, Shiimi estimated the econ- omy would shrink by 6.6% in 2020 and by a further 1.1% in 2021. The latest estimates published shortly after the budget show GDP shrank by 8.0% in 2020. Shiimi expects growth to reach 2.1% in 2021 and 2.8% in 2022. Table 1: Estimated Growth Rates and Forecasts 2015 2016 2017 2018 2019 2020 (e) 2021 (f) 2022 (f) GDP growth 4.3% -0.0% -1.0% 1.1% -0.6% -8.0% 2.1% 2.8% Source: Preliminary National Accounts 2020 and National Budget Government had already used monetary policy to support the weak economy and the Bank of Namibia’s Mon- etary Policy Committee had agreed to maintain the repo rate at the historic low of 3.75% prior to the budget on 17 February. Table 2: Nominal GDP Fiscal Strategy (Table 6) 2018/19 2019/20 2020/21 2021/22 Nominal GDP (N$m) 178,208 178,940 174,979 184,778 This year’s budget documentation avoided last year’s confusion showing different figures for nominal GDP in different documents.