Namibia's economy has remained virtually stagnant for more than five years.
This is owing to a combination of factors that continue to add pressure on households, businesses, and government finances, and warnings are that recovery would take time.
Bureaucratic delays nearly cost Namibia a N$32 billion investment in strategic fuel infrastructure.
The Commonwealth has removed Gabon from its formal agenda after the country restored an elected constitutional government following the military coup of August 2023.
Africa must tear down trade barriers, simplify customs procedures and accelerate the movement of people and goods to unlock the continent's economic potential.
Bank of Namibia Governor Ebson Uanguta says the country's economic recovery faces increased pressure from foot-and-mouth disease, rising fuel costs and a widening trade deficit.
This is despite projections of economic growth of 2.1% this year.
Namibia says commitments under the United Nations' Women, Peace and Security (WPS) agenda remain difficult to implement while resources fall short.
President Netumbo Nandi-Ndaitwah’s journey from the liberation struggle to becoming Namibia’s first female president is a historic milestone and an inspiration to young Namibians, particularly girls.
Rising fuel prices, the threat of capital outflows, and the need to protect Namibia's international reserves have prompted the Bank of Namibia to raise its Repo rate by 25 basis points to 7%.
Namibia is eager to build on the support it received from the former Soviet Union during Africa's struggle for political freedom by pursuing economic independence through cooperation with Russia and other African countries.
Failure by nuclear-armed states to honour their disarmament commitments is undermining global security as geopolitical rivalries deepen and respect for international law erodes.
