Norway
Norway is a Nordic country in Northern Europe, occupying the western portion of the Scandinavian Peninsula. Its capital is Oslo. The country has a population of about 5.5-million and operates a constitutional monarchy with a parliamentary system of government. Norway's economy is characterised by a mixed model combining free-market activity with substantial State ownership, particularly in strategic sectors such as petroleum, hydroelectric power and natural resources. The country is one of the world's leading exporters of oil and natural gas, with revenues from these sectors managed through the Government Pension Fund Global, one of the largest sovereign wealth funds globally. Norway is a major producer of hydroelectric power, which supplies nearly all of its domestic electricity needs and underpins its position as a leader in renewable energy. The country has pursued an aggressive energy transition strategy, promoting electric vehicles through tax incentives and subsidies, resulting in one of the highest per-capita adoption rates of electric vehicles worldwide. Norway is a member of the European Economic Area but not the European Union, allowing it access to the single market while retaining control over key policy areas. The krone (NOK) is the national currency, issued by Norges Bank. Norway's economy benefits from high living standards, low unemployment and significant fiscal reserves, positioning it as a model for resource-rich nations seeking sustainable development. The country gained full independence from Sweden in 1905 and has since developed into a prosperous, technologically advanced nation with a strong commitment to environmental sustainability and social welfare.
Norway Updates
SA: Ronald Lamola: Address by Minister of International Relations and Cooperation, on the International Relations and Cooperation Dept Budget Vote 2026/27, Parliament, Cape town (26/0/2026)
29th May 2026 That victory paved the way for the legislative machinery of apartheid, intensifying racial segregation and stripping most of the people of this... →
Hydrogen enables energy storage way beyond batteries, Nel emphasises 
By: Martin Creamer 22nd April 2026 Electrolytic hydrogen enables long-term energy storage way beyond what batteries can provide, which is exemplified by a 200 MW hydrogen plant in... →
RSF-led violence in al-Fashir bears 'hallmarks of genocide', say key UN nations
By: Reuters 26th February 2026 Violence by Rapid Support Forces paramilitary group in the Sudanese city of al-Fashir bears "the hallmarks of genocide", the foreign ministers of... →
Microsoft partners with SABC to provide AI, digital skills to South Africans
By: Sabrina Jardim 29th January 2026 Microsoft South Africa and the South African Broadcasting Commission (SABC) have partnered to provide AI fluency and digital skills learning for... →
IMF forecasts 1.4% growth for South Africa in 2026, while highlighting risks to global growth outlook
By: Terence Creamer 19th January 2026 The International Monetary Fund (IMF) has made a small 0.2 percentage point upward revision to South Africa’s projected growth for 2026 in its... →
African Development Bank seeks $25-billion for low-cost lending amid waning US engagement
By: Reuters 15th December 2025 The African Development Bank (AfDB) opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on... →
Sars will soon know about every foreign property you own — Are you prepared?
5th December 2025 The South African Revenue Service (Sars) is about to gain unprecedented visibility into your offshore life. A new global tax agreement means Sars... →
Norway reaffirms support for low-income African countries
By: Sabrina Jardim 3rd December 2025 The African Development Bank Group (AfDB) says Norway has reaffirmed its long-standing commitment to Africa’s low-income countries with a... →
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