Column Lauren Davidson

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This is the last edition of Business7 for 2016. We would like to thank our readers and partners for their support during the year. The next edition of Business7 will hit the streets on February 22, 2017. Have a merry Christmas and a prosperous New Year!

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LONDON - Angola''s state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform its operations.

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Much has been written about the benefits of diversification. We all know the adage of "don not put all your eggs into the same basket.

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Mozambique has implemented sound economic policies and allowed an audit of US$2 billion of controversial foreign borrowing, paving the way for talks with the International Monetary Fund about more government funding, the IMF said.

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Nigeria''s economy contracted in the third quarter by 2.2%, with rebels in the oil-producing southern swamplands continuing to attack pipelines and businesses struggling to access foreign exchange.

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Moody''s has left South Africa''s sovereign debt grading unchanged two notches above junk status, but warned that the country is not yet out of the woods. Moody''s still rates Africa''s most developed economy as Baa2 - meaning it is of investment grade for banks - albeit with a negative outlook.

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Precious is the creative director of the IB696 branding company and she also heads the Mokasa Reloaded trading company’s fashion design department.

She matriculated from Otjiwarongo High School in 2011.

Some of Tanzania''s biggest foreign investors say they could scale back their operations or expansion plans because of tougher demands.

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This year at the 19th edition of the Okau Kamasheshe annual football tournament senior teams and under-17 teams will participate in a single tournament.

The N$20 000 sponsored tournament will take place at the Okau Kamasheshe soccer field in the Oshakati West Constituency.

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Former deputy minister of works Paulus Kapia has pledged thousands of Namibia dollars towards the hosting of an end-of-the-year sport tournament at Ehafo in the Uukwiyu-Uushona Constituency of Oshana Region, which will incorporate a cultural and traditional sport category.

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The son of a wealthy landowner, Fidel Castro turned his back on a life of privilege to lead a left-wing revolution in Cuba that endured for decades and was shaped by his political cunning, keen sense of destiny and boundless ego.

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Some 795 million people in the world do not have enough food to lead a healthy active life. That''s about one in nine people on earth. The vast majority of the world''s hungry people live in developing countries, where 12.9% of the population is undernourished.

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More than N$29 million worth of shares were traded on the Local Index of the Namibian Stock Exchange (NSX) in the week ended Nov. 25 – most of it Capricorn Investment Group, which clinched deals in excess of N$23 million. CGP closed the week at N$18.85, down 1.7% from the previous week.

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Ashly Hope - Government''s new localisation goal could be a risky step for both the development of the banking sector, broader economic development and regional integration.

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