Large Expandable

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Rapidly Expanding Economy of Namibia

Namibia is a country on the Atlantic coast in Southern Africa. It is famous for the Etosha Park safari and the Atlantic coast tourist spot of Swakopmund and Walvis Bay. The Namibian economy is based on mining, manufacturing and foreign currency flows from eco tourism.

Namibia is the world?s fourth largest manufacturer of Uranium. Apart from this ranking the country also holds the fourth rank in non-fuel minerals exports in Africa. The Economy of Namibia is closely tied with South Africa. The country is Namibia?s largest trade partner and accounts for four fifths of Namibia?s imports. Almost all of Namibia?s consumables and manufacturing equipment is imported form South Africa. Namibia also has rich deposits of gem quality diamonds. The De Beers diamond company of South Africa has mining operations in Oranjemund and in Elizabeth Bay near Luederitz.

The country also produces large quantities of lead, zinc, tin, silver and tungsten. Agriculture is the second most important economic sector in the country. This sector generates almost half of the jobs in the country but constitutes only a small fraction of the GDP. Fish processing is another important sector. A 2000 mile seamile-zone is demarcated for fishing activities of only Namibian companies. Fish processing and canneries are slowly becoming a major economic contributor to the Namibian economy.

The Namibian economy has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers, as well as a small, well-trained professional and managerial class.

The country's sophisticated formal economy is based on capital-intensive industry and farming. However, Namibia's economy is heavily dependent on the earnings generated from primary commodity exports in a few vital sectors, including minerals, especially diamonds, livestock, and fish. Furthermore, the Namibian economy remains integrated with the economy of South Africa, as the bulk of Namibia's imports originate there.

Given its small domestic market but favourable location and a superb transport and communications base, Namibia is a leading advocate of regional economic integration. In addition to its membership in the Southern African Development Community (SADC), Namibia presently belongs to the Southern African Customs Union (SACU) with South Africa, Botswana, Lesotho, and Swaziland. Within SACU, no tariffs exist on goods produced in and moving among the member countries.

Ninety percent of Namibia's imports originate in South Africa, and many Namibian exports are destined for the South African market or transit that country. Namibia's exports consist mainly of diamonds and other minerals, fish products, beef and meat products, karakul sheep pelts, and light manufactures. In recent years, Namibia has accounted for about 5% of total SACU exports, and a slightly higher percentage of imports.

The Namibian economic policies are closely associated with the South African economic policies. The interest rates in the country are high to keep inflation low. Though the Namibian economy is third in Africa, per capita incomes are still low. Almost 40% of the employable population in the country is unemployed.

About the Author

Namibia is a country of rich history that stretches all the way back to ancient times. Modern History of Namibia starts on 1485 when Europeans reached the shores of the country. Namibia is a wonderful country to visit on summer hunting vacation.

Expandable memory card?

I want to buy this phone off the internet. It says it has built in large 60MB memory with expandable memory by Micro SD card ( up to 2GB) . My question is what is expandable memory and would you be able to put short like youtube videos on this phone? Thanks!

Which phone are you going to buy?

The term expandable memory simply means that you can add more memory to your phone in addition to what is included with your internal memory.

For example- if u were to buy a new digital camera. You are able to take a small amount of pictures using just the camera. The higher the quality of pictures you take, the less pictures your phone will store. You can purchase a memory card or stick for the digital camera and be able to take many more photos.

The micro sd card inserts into your phone just like a memory stick or card inserts into a digital camera, and basically does the same thing. It extends your capability of storing more. On the Micro Sd you can store games, ring tones, songs, applications, and downloaded videos.

iBioLaunch platform technology to be licensed for plant-expressed influenza vaccines project
iBio, Inc. announced today that it has agreed in principle to license its technology, the iBioLaunch™ platform, and provide technology transfer services to G-Con, LLC, a private Texas company, and its affiliates, for the development and manufacture of plant-expressed influenza vaccines at a new facility being constructed in Bryan, Texas. The “GreenVax Project” will show proof of concept for a ...

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