Business Briefs

Sunday 23rd of May 2004
Brigitte Weidlich

Roads for the Northern Regions

President Sam Nujoma is to hold a groundbreaking ceremony for the construction of the Outapi-Tsandi-Okahao road on Friday together with various Cabinet ministers.
The 60-kilometre stretch is only a gravel road and will be tarred linking Okahao and Tsandi to the Oshakati-Ruacana main road at Outapi, the regional capital. The head of state left fro Grootfontein on Wednesday afternoon to hold talks with party members and left from there to Ondangua and Okahao. On Saturday, his official birthday party will be held there.


Water from the Congo River

President Sam Nujoma still holds to his idea of linking water from the DRC to southern Namibia. Speaking at a SADC food summit in Dar es Salaam, Tanzania last weekend, he said the SADC region should support the project of transferring water from the Congo River Basin to the South. According g to foreign news reports Nujoma said Namibia offered to fund the first phase of a ‘Desk Study’. A steering committee consisting of members of the SADC Water Resources Technical Committee (WRTC) is to co-coordinate the project.

Nujoma said according to findings it is physically and technically possible to transfer water from the Congo Basin to the Zambezi Basin, and from there to the Okavango Basin.

allegedly in the "most cost-effective" manner. "Once the project is successfully implemented, we will be able to provide adequate water to drier and arid member states of the South, including Namibia, Botswana, the northern parts of South Africa as well as Matabeleland in Zimbabwe." Nujoma was quoted as saying when the SADC region had plenty of water; it could accelerate socio-economic development, increase agricultural productivity, and thereby enhance food security.

Inflation Scaled Down in April

The monthly inflation rate for April 2004 decrease by of 0.6 percentage points over the March rate of 06.62% according to the Interim Consumer Price Index issued by the National Planning Commission (NPC). The decline is attributed to an alleged decrease in food prices, miscellaneous goods and services, beverage and tobacco, education and health services. The All Items Index increased from 253.3 in March to 253.4 in April, a monthly increase of 0.1 percentage points

This decrease, the index said, was a result of a monthly decrease recorded in indices of fruit and vegetables (6.2%); coffee, tea and cocoa (4.5%); meat and fish (0.8 %). The annual inflation rates for food in April stood at 3.6% and 2.6% for non-food items. For the same period last year, they were 10.5 and 6.3% respectively.

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