Stakeholders on Africa's infrastructure development meet at Swakopmund

Infrastructure development conference SwakopmundNBC, Tuesday, 12. December 2017,

click on the picture to watch a short video of the conference; more video material is available as live-stream on the official web-site of the conference (see link below)

The third conference on the Programme for Infrastructure Development in Africa (PIDA) is underway at Swakopmund.

The four-day meeting is aimed at providing a marketing platform for selected PIDA projects and to accelerate their implementation.

The conference is held under the theme Regional Infrastructure Development, Job Creation, and Economic Transformation.

In his address, Hon Alpheus Naruseb, Namibia's Minister of Works and Transport said, "As much as we are 27 years down the road of freedom, there is a dire need for economic emancipation of the masses of our people."

The conference is organised by the African Union Commission, NEPAD Planning and Coordinating Agency, the African Development Bank, the UN Economic Commission for Africa in collaboration with the Namibian Government and the Southern African Development Community (SADC), and attended also by the private sector. 

The overall goal of PIDA is to promote socio-economic development and poverty reduction in Africa through improved access to integrated regional and continental infrastructure networks and services.

The programme is designed to develop a vision and strategic framework for the development of regional and continental infrastructure (Energy, Transport, Information and Communication Technologies (ICT) and Trans-boundary Water Resources). The PIDA initiative is being led by the African Union Commission (AUC), NEPAD Secretariat, the African Development Bank, and the United Nation's Economic Commission for Africa.

Click here for the official web-site of the PIDA-week PIDA AU logo main

Click here for more information.....

NBC, Thursday, 7. December 2017

EU denies listing Namibia as tax haven

EU tax havenPlease click on the photo to listen to the media statement

The European Union (EU) ambassador to Namibia said Namibia was never listed as a tax haven as reported by the international media.

Jana Hybaskova said Namibia was invited to join the Global Forum on Transparency and Exchange of Information for tax purposes to protect it from misuse on tax by foreign entities.

She said Namibia was only listed as a non-cooperative jurisdiction with other 17 countries because it has not responded to the invitation of the Multilateral Conversion on Mutual Administrative Assistance on tax matters.

One of the the measures put to Namibia for consideration was to abolish or amend harmful preferential tax regimes.

Namibia can be delisted once it considers or respond to the invitation.

Hybaskova said another letter will be send to the government to respond.

Namibia has, according to the EU Council, until December 2019 to comply with the suggested rules or face blacklisting.

It will not however be listed as tax haven.

The EU Delegation head said there are currently no direct sanctions applied against Namibia and that the EU's projects worth 70 million Euro will continue to run.


On the list released by the European Union on non - cooperative jurisdictions for tax purposes

SchlettweinCalle Schlettwein, MP, Minister of Finance, 06 December 2017

Distinguished members of the Media,

Ladies and gentlemen,

Yesterday the European Union released a list of non - cooperative jurisdictions for tax purposes, which includes Namibia. The Namibian Government emphatically rejects this assessment and would point out the following attributes of what we consider to be an equitable and transparent tax regime:

Recently officials from Inland Revenue Department met with officials from the EU Embassy to Namibia to discuss this matter and to seek clarification on criteria. Since not all explanations could be provided to all our questions, it was agreed that further engagement with local EU staff and or EU tax experts from abroad is needed. After further engagement with the local EU staff, we were advised of the deadline to inform EU of our commitment to implementing proposed actions or how we react to them. Due to miss-communication we missed that deadline, but that does not make Namibia a non-compliant country or tax-haven. We are therefore perplexed to learn that, the EU has revealed names of non-cooperative jurisdictions for tax purposes including on the 5th December 2017 which include Namibia. click here to continue reading....

Headline outstanding invoicesFitch Ratings Credit Opinion on Namibia
Namibia Economist, Nov 21, 2017 | Special Focus |

By Carl Schlettwein, Minister of Finance

Fitch Ratings visited Namibia for the ratings assessment during 31 October -1 November 2017. The assessment and rating action are part of the annual ratings, which Fitch as the second ratings agency assessing Namibia, undertakes every year.

The required consultative approach with the authorities and stakeholders was conducted and it is appreciated. Such engagement clarified the Government policy position as articulated in the 2017/18 Mid-Year Budget Review tabled in the National Assembly recently.

The necessity for timely adjustments made on Government spending to give attention to once-off correction of the previously unbudgeted spending arrears, avoiding reversals in the provision of essential services in especially education and health sectors and to provide for a more directed infrastructure spending over the medium-term to support future economic growth objectives was clarified and understood.

The 2017/17 Medium-Term Policy Statement provides for the continuation of a sustainable consolidation to achieve debt sustainability. Expenditure-to-GDP ratios are falling year on year for the past three years and so are budget deficits. Emerging economic growth is protected through sourcing private capital for infrastructure development and the vulnerability of the external position is lessened by stronger international reserves and an improved current account deficit.


TheoBenGurirabLectureSeriesStatement by Hon. Netumbo Nandi-Ndaitwah, Deputy Prime Minister and Minister of International Relations and Cooperation at the first Dr. Theo-Ben Gurirab Lecture



As the convener of the Theo-Ben Gurirab Lecture, on behalf of MIRCO, I once again welcome you to this session, held under the Theme, “THE ROLE OF THE YOUTH IN THE IMPLEMENTATION OF AU AGENDER 2063 CHALLENGES AND OPPORTUNITIES.”

The theme of this Lecture Series feeds well into the overall theme of the African Union for this year; which is about “Harnessing the Demographic Dividends through Investing in the Youth”.

Given Africa’s demographic structure with a highly youthful population, the significant contribution of the young people to the Continent’s socio-economic development cannot be overemphasized.

According to the UN World Population Prospect (2015), Africa’s population reached 1.2 billion in 2015 and is projected to grow rapidly, reaching 1.7 billion in 2030 and more than double by 2050, to 2.5 billion and 3 billion in 2063. More remarkable is the fact that about 46% of the 1.3 billion increase in Africa’s labour force over the period 2015-2063 will be young people aged between 15 and 34 years.

Harnessing the demographic dividends of the youth, therefore, presents a strategic opportunity for Africa not only to realize the goals and aspirations of Agenda 2063, but also to achieve the United Nations Sustainable Development Goals. It equally presents a good opportunity to build the resilience of young people in addressing the root causes of many of the key social and economic challenges facing our continent.

Undeniably, the youth is our future and hence we invest in them. At the same time, it must be accepted that the youth are an important asset that Africa has that must be invested on if the Africa economy can be under the control of Africans for Sustainable Development to be realised.

As Kwame Nkrumah said “Until the economic power of Africa is in our hands, the masses can have no real concern and no real interest for safeguarding our regimes and for bending their strength to fulfillment of ends.

With our united resources, energies and talents we have means, as soon as we show the will to transform the economic structure of our individual state from poverty to that of wealth, from inequality to the satisfaction of the popular needs.

I have been asked to speak on the topic: “Educating the Youth to Innovative Ideas for the Implementation of Agenda 2063”. I would like to emphasize that education is a critical sector whose performance directly affects, and determines the quality and future of Africa’s sustainable development.

Please click here to read more....

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