News & Analysis: Namibia

Namibia: Gov’t in deeper debt ditch

“The review was not an additional or new budget, but a reconsideration of spending priorities and a reallocation of funds to speak to current needs following the tabling of the government’s budget for the 2020/21 financial year in May. Shiimi said the N$72,8-billion budget as presented in May was tabled amid extreme uncertainty due to the COVID-19 pandemic and when its full effect on the economy and public finances was still unknown.”

via The Namibian

Virus infections pass 11,000 mark (Namibia)

“Minister of health and social services Kalumbi Shangula announced 115 new confirmed coronavirus infections, bringing the number of confirmed cases in the country to 11,033. The country also recorded 27 more recoveries of people who had contracted the virus, he announced.”

via The Namibian

Africa slowly returns to business as usual

“Governments across the continent are beginning to shift responsibility for public health on to companies and individuals as they seek to restart their economies after months of disruption.”

via Control Risks Group

Namibia’s borders open, conditional to neighbours

“As the six-month long COVID-19 state of emergency lapses, Namibia’s borders are once again open but travel might still be limited as some other countries remain locked down.”

via The Namibian

Geingob ponders lifting Namibia’s state of emergency

“President Hage Geingob is pondering lifting the state of emergency imposed six months ago among a raft of measures to curb the spread of COVID-19 as the country reported its 100th death over the weekend.”

via The Namibian

Windhoek inmates fear for their safety

“Inmates at Windhoek Correctional Facility fear contracting COVID-19 after four of them, who spent time in a cell with other inmates, tested positive for the novel coronavirus last week.”

via The Namibian

African Fiscal Vulnerabilities: Effects of 2020 Global Support Initiatives

“Fiscal vulnerabilities among African sovereigns had been building up in the years leading to 2020’s pandemic, driven by challenging economic conditions; unfavourable changes in exchange rates and commodity prices; in addition to significant borrowing, including loans from China, which today is Africa’s largest bilateral lender, alongside greater bond issuance.”

via Scope Ratings

Coronavirus takes toll on health workers (Namibia)

“333 health workers have been infected with the coronavirus, with 223 of these people employed in government health facilities, 109 working in the private health sector, and one attached to a non-governmental organisation.”

via The Namibian

The AfCFTA’s effects on trade and wages in Africa

“AfCFTA, if implemented fully, could boost regional income by $450 billion, bring 30 million people out of extreme poverty, and raise the incomes of 68 million others who live on less than $5.50 a day.”

via Brookings Institution

Southern Africa: Why risk financing is critically important during COVID-19 recovery

“We don’t know how long the COVID-19 pandemic will last, but the prospect of finding an effective vaccine is likely. In contrast, the risk of climatic shocks remains. Many countries in the Southern Africa region have taken the first steps in increasing their financial preparedness to respond to shocks.”

via World Bank