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Wed, 20 Feb 2019
New flight courses to Lusaka an indication of expanded enthusiasm for Zambi...

ZAMBIA’S Minister of Tourism and Arts Charles Banda says the new flight courses to Lusaka are an indication of expanded enthusiasm for the nation’s travel industry and business openings.

Mr. Banda said the populace going for business and recreation has expanded after some time, which is pulling in aircraft over into the nation.

“Zambia is an interesting goal since it is at the middle imparting outskirts to eight (8) different nations. The aggregate populace of these nations is more than 600 million with various business thoughts and exchanges,” the clergyman said in Lusaka today when he highlighted on CNBC Africa ‘Power Lunch’ live meeting system.

“For instance, the re-dispatch of Botswana Airline’s course to Lusaka is because of expanded business openings, gatherings, and exchanges between the two nations,” he said.

Mr. Banda said the re-dispatch of Zambia Airways has achieved a propelled stage and is relied upon to start flights in April this year as a team with Ethiopian Airlines.

It will strengthen the effectively existing Kenya Airways, RwandAir, Emirates, Turkish Airlines, Ethiopian Airways and destined to be propelled Air Tanzania and give individuals simple access into Zambia.

“Zambia has exceptionally remarkable catchment zones. We power more than 40 percent of surface water bodies in the locale, so it’s both business and the travel industry. We have everything,” he said



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Tue, 19 Feb 2019

Finance minister Calle Schlettwein says Namibia will think about getting more cash from Germany to subsidize a few formative undertakings.

Schlettwein said the credits would be sourced through German advancement bank KfW, which has some participation concurrences with the administration.

He made these comments a week ago in a meeting on the sidelines of a gathering between president Hage Geingob, Bank of Namibia representative Ipumbu Shiimi, and the leader of the German national bank (Bundesbank) Jens Weidmann at State House.

The clergyman said Namibia and Germany as of now have a credit cycle understanding that covers the improvement envelope and is assessed like clockwork.

The two nations meet biennially to examine and concede to new undertakings under the improvement envelope, overseen by the National Planning Commission and the fund service.

In spite of the fact that the minister did not make reference to the measure of the credits to be sourced from Germany, he said the two governments will meet in March to talk about and concur on new ventures to be financed.

Schlettwein said right now, the KfW was at that point financing a few formative ventures in the nation, including streets framework improvement through delicate credits. Namibia needs to extend this participation with Germany, he included.

“We are thinking about, yet we are as of now taking credits through their operator, which is the KfW, and they have been with us for a long time. We have a cycle with Germany, and like clockwork, we concede to the advancement of the envelope, and consistently year, we examine new tasks. That [arrangement] will be proceeding with,” he expressed.

As indicated by the minister, Namibia has since 2015 acquired an aggregate of N$815 million from Germany to support a few street development ventures and the program for network land improvement.

He said the German bank has additionally offered credits to the Windhoek region, the Development Bank of Namibia and the Roads Authority, among different foundations.

The N$815 million recently procured does exclude advances given to the City of Windhoek and a few state-claimed endeavors.

Schlettwein said the legislature will recognize the ventures to be subsidized under the new course of action after March’s gathering.

The clergyman, in any case, said the administration would be wary when taking up the credits to ensure that “our absolute obligation isn’t achieving roofs that can’t be ruptured”.

In spite of his worries, Schlettwein said the financing costs on the credits from Germany were lower than those acquired through household obtaining.

This implies German advances are cheap, and they are “great credits”.

“The financing costs we pay from getting from them [Germany] are beneath what we would pay in advances from the household banks. In this way, they are less expensive than what we get from our bonds, so they are great advances,” he clarified.

Aside from the advances, Schlettwein said Namibia needs to band together with the German Bundesbank to address the issue of unlawful money related streams between the two nations.

The Bank of Namibia would use this experience just as utilize the twofold tax assessment understanding, which incorporates data [...]

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Thu, 25 Oct 2018

The World Economic Forum (WEF) has published its latest Global Competitiveness Index, showing that South Africa has dropped five places in the rankings since 2017.

The report measures and assesses the competitiveness landscape of 140 economies, and gives insights into what drives economic growth among them.

This is done through assigning scores to various indicators across 12 key pillars – starting with a country’s institutions, all the way through to the business dynamics.

In 2018, South Africa ranked 67th globally – with an overall score of 60.8 – attaining the second spot in Sub-Saharan Africa. This is down five places from 62nd place in 2017.

According to the WEF, among its strengths, South Africa is home to a large market size (68.4), good infrastructure (68.6) and a well-developed financial system (82.1, 18th).

More specifically, South Africa’s financial sector offers a relatively balanced access to various sources of finance, including credit (100.0, 11th), venture capital (33.0, 63rd), equity (100.0, 2nd) and insurance (100.0, 3rd).

In addition, South Africa’s innovation capability is relatively advanced (44.3, 46th), although limited by insufficient research and development (37.5).

Among its weaknesses, however, South Africa’s performances on the health pillar (43.2, 125th) and security (43.7, 132nd) sub-pillar are among the worst in the world.

Driven by high incidence of communicable diseases and high rate of homicides (34 per hundred population, 135th), these factors are major challenges for the economic and human development of the country.

Low ICT adoption (46.1, 85th) is another important restraint on South Africa’s competitiveness. Only 54% of the adult population has access to the internet, and only 70 out of 100 people have subscribed to mobile-broadband services (66th).

Similarly, the digital skills (116th) and critical thinking skills (78th) of the current workforce are inadequate for the progress of a successful economy in the Fourth Industrial Revolution


 The bad news

Among the 98 individual indicators measured by the WEF, South Africa ranks in the lowest quartile (bottom 35 countries) in 13 categories, which emerge as the main factors dragging us down the competitiveness rankings.

According to the WEF’s assessment, much of what’s holding South Africa back competitively has to do with labour and crime – particularly the high rate of murder coupled with an unreliable police force, and the friction between labour and employers that often results in protracted strikes which bring industries to a halt.

Other factors dragging us down the rankings include a lack of digital skills, poor education, and poor healthcare.

# Indicator Rank /140 1 Co-operation in labour-employer relations 136 2 Homicide rate 135 3 Flexibility of wage determination 133 4 Time to start a business 128 5 Organised crime 125 6 Healthy life expectancy 124 7 Reliability of the police service 119 8 Digital skills 116 9 Hiring and firing practices 111 10 Terrorism incidence 108 11 Pupil-to-teacher ratio 107 12 Inflation 106 13 Active labour policies 106

South Africa and crime

The WEF mentions South Africa in two very specific contexts relating to competitiveness – namely security and inequality: two areas South Africa puts in the worst performance.

Globally, performance among all countries is best on Security. Here, the median score is 72 and half of all countries score 75 or above, with Finland (97.5) coming closest to being free from terrorism and crime.

With equal scores of 33.8, El Salvador and Venezuela are the worst performers, but crime and [...]

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