Category: Trade
Namibia’s Trade Deficit Improves by N$2.2 Billion
By: Staff writer Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November. While Namibia recorded a N$5.5 trade deficit in November after exporting…
Namibia Bans Import of German Meat Products Following FMD Outbreak
Staff writer Namibia has banned the import of fresh and frozen meat and meat products from cloven-hoofed animals from Germany following a confirmed report of Foot and Mouth Disease (FMD) in the European country effective immediately. The ban also…
Can Artificial Insemination Beef Up Namibia’s Export Game?
Justicia Shipena Artificial insemination (AI) in livestock is emerging as a transformative opportunity for Namibia’s agricultural sector, promising enhanced genetic quality, reduced breeding costs, and greater efficiency. However, questions linger about the technology’s long-term suitability and sustainability in the…
“Namibia Should Maximise Benefits in Wang Yi’s Visit”
Dolly Menas and Ludorf Iyambo Namibia has been urged to adopt a strategic approach during Chinese Foreign Minister Wang Yi’s visit from January 5 to 7, 2025, to ensure mutual benefits from its partnership with China. Wang’s visit,…
EU Becomes Namibia’s Top Export Market Over Three Years
By: Justicia Shipena The European Union (EU) has emerged as Namibia’s largest export market over the past three years, according to a recent study. This coincides with a stakeholder workshop hosted by the EU Delegation to Namibia in…
Borders Closed for Most Vegetable Imports This Month
By: Loise Shiimi The Namibian Agronomic Board (NAB) has announced that the country’s borders will be closed to nearly all vegetable imports throughout December. From 1 to 31 December, the importation of 15 out of 20 specially controlled…
Continental Union Body Advocates for Workers’ Rights in AfCFTA
By: Dwight Links The International Trade Union Confederation Africa (ITUC-Africa) has reaffirmed its commitment to advancing the interests of African workers under the framework of the African Continental Free Trade Agreement (AfCFTA). During a recent visit to Namibia, ITUC-Africa’s…
Africa Advised to Ditch US Dollar to Reduce Cross-Border Trade Costs
By: Nghiinomenwa-vali Erastus In a recent interview with Bloomberg Africa, a Standard Bank Group analyst highlighted that intra-African trade could see significant improvements if African nations eliminate the US dollar from their cross-border transactions. Tunde Macaulay, head of…
Namibia’s Export Earnings Rise by 2.9% in September 2024
By: Hertha Ekandjo Namibia’s export earnings increased by 2.9% in September 2024, reaching N$9.0 billion, up from N$8.7 billion in August. This was revealed in the latest Namibia International Merchandise Trade Statistics Bulletin released by the Namibia Statistics Agency…
Namibia to Assess Impact of EU Carbon Tariff on Exports
By: Justicia Shipena The Ministry of Industrialisation and Trade (MIT) is set to explore the potential impacts of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on Namibian exporters. The CBAM is a carbon tariff on carbon-intensive imports…