Namibia stresses ICT importance

Namibian deputy minister of ICT, Raphael Dinyando, says the formulation of appropriate spectrum management regulations and policies to facilitate the introduction of broadband services, availability of electronic commerce and e-government services is important, reports New Era.

Dinyando says the ICT sector has equally been affected by the global financial crisis and the ministry of ICT was also worried by the impact of the global financial crisis on the sector in Namibia.

Thus, the crisis challenges all the role players in the sector to be creative and innovative to meet the demands for advanced applications in the ICT industry at affordable tariffs.

The federal government of Australia has called on industry to grow its online presence and e-commerce facilities to help boost Australia's digital economy, reports CIO.

In its 'Future directions of the digital economy' report, the government says Australian businesses risked losing their existing customer base or missing the opportunity to access new markets if they did not build a greater online capacity.

“New companies, including those located overseas, are competing for the Australian customer base,” the report reads.

In the wake of chip giant Intel posting a robust adjusted fiscal second-quarter profit that exceeded Wall Street's projections, a broad spectrum of technology stocks have paced a sharp rally on Wednesday, according to The Wall Street Journal.

The tech-heavy Nasdaq composite was up nearly 3% on the day, outpacing both the Dow Jones Industrial Average and S&P 500.

But outperformance for technology is nothing new this year and value investors have touted the ICT sector since January, noting strong balance sheets and the potential for increased revenue despite an economic downturn.