Category: Trade
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…
Trapped or Flourishing In SACU- The Namibian Dilemma
By: Nghiinomenwa-vali Erastus An analysis of Namibian trade statistics within Africa over the past five years reveals that approximately 71% of the country’s trade (both imports and exports) is concentrated within the Southern African Customs Union (SACU). This…
Economy Expands By N$4.9 Billion in Q2
By: Staff writer The Namibian economy expanded by N$4.9 billion to N$59.5 billion during the second quarter of 2024, marking a growth of 3.5%. This is however a slight decline in economic activities compared to a growth of 3.6%…
AfCFTA Offers Best Opportunity to Eliminate Trade Barriers Across Africa
By: Dwight Links Cynthia Gnassingbe-Essonam, Senior Advisor to the African Continental Free Trade Area (AfCFTA) Secretariat, believes that Africa is in the best position to harness the potential offered by the AfCFTA. “Trade is currently being hindered by various…
Opinion: China-Africa Summit: Important Impulse Partnership, Security, and Economic Evolution
By: Josef Kefas Sheehama The China-Africa Summit, held last week was attended by 53 Heads of States, with China announcing $51 billion in support to Africa over the next three years. This comprises investments in infrastructure, industrial development,…
Ghana Resumes Namibian Beef Imports After Long Hiatus
By: Nghiinomenwa-vali Erastus In June 2024, Ghana rejoined the list of African countries purchasing Namibian beef after a prolonged break, with some northern farmers calling the sudden stop“economic sabotage.” According to the Livestock and Livestock Board of Namibia’s…
NAB Defends Food Import Ban Citing Trade Imbalance
By: Hertha Ekandjo The Namibia Agronomic Board (NAB) says concerns by South Africa’s regarding the recent import ban on certain agronomic and horticultural products are misaligned with the principles of fair trade among Southern African Customs Union (SACU)…
Beef Exports Hit 11.0 Million Kilograms
By: Staff writer Namibia’s beef export market witnessed significant growth during the first half of the year, with total exports reaching 11.0 million kilograms. This is an exponential increase from 6.5 million kilograms exported in the first half of 2023….
June Records Improved Export Earnings and Trade Deficit
By: Justicia Shipena Namibia recorded a notable improvement in trade performance in June 2024 with a 37.4% increase in export earnings, rising from N$9.4 billion in May 2024 to N$12.9 billion. According to the Namibia Statistics Agency (NSA), this…