Category: Trade
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,…
2.6 Million Kilograms of Pork Imported in 5 Months…Germany leading supplier
By: Nghiinomenwa-vali Erastus From January to May 2024, Namibian consumers imported 2.7 million kilograms of pork through their retailers, according to monthly statistics from the Livestock and Livestock Product Board of Namibia (LLPBN). A significant portion of this…
Diplomat Encourages Namibians to Invest in Tanzania
By: Hertha Ekandjo Tanzania’s High Commissioner to Namibia, Caesar Waitara, has invited Namibian investors to invest in his country and produce goods and services that will access the African Free Trade Area. This offer comes as Namibia continues…
Borders to Remain Open for Potato Importation
By: Loise Shiimi Potatoes will remain on the open import list as the Namibian Agronomic Board (NAB) closes the border for the importation of 12 out of the 20 horticultural products on the special controlled products list from…
Trade Volumes Between Namibia and Indonesia Increase by 26.19% in 2023
By: Hertha Ekandjo Trade between Namibia and Indonesia has been steadily rising since 2019. Notably, the total trade volume between the two countries reached N$192.7 million (USD 10.6 million) in 2023, marking a significant 26.19% increase from the previous…
Namibia’s Reliance on Avocado Imports Revealed
By: Loise Shiimi Namibia’s dependence on imported avocados has been highlighted in recent data released by the Namibia Agronomic Board (NAB). According to the report, Namibia brought in 756 tons of avocados valued at N$14.5 million in the…
Namibia’s Trade Deficit Widens to N$4.5 Billion
By: Staff Writer Namibia’s trade deficit expanded slightly in March, with exports falling short by N$1.9 billion compared to the same period last year. Export earnings increased from N$6.1 billion in February to N$8.3 billion in March, while imports…
Devil’s Claw Export Value Exceeds N$41 Million Annually
By: Hertha Ekandjo Exports of Devil’s Claw raw material have averaged one million kilograms per year, with an estimated export value in Namibia of USD 2.13 million (N$41 million) annually. This raw material, exported to various international markets,…
Namibian Fatty Oils Gain Traction in European Cosmetic Industry
By: Justicia Shipena Namibian fatty oils are making significant strides in the European market, according to Julia Muetudhana, the executive director for talent, innovation, and productivity at NIPDB. Muetudhana highlighted that oils such as marula and manketti are increasingly…
Cooling Innovations: Engines of Job Creation and Economic Prosperity
By: Justicia Shipena Minister of Industrialisation and Trade, Lucia Iipumbu, says the cooling sector has the potential to drive innovation, create jobs, and foster economic growth. Iipumbu who spoke during the stakeholder consultations on the draft Special Economic…