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,…
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…
Namibia’s Trade Links with Mercosur Countries at 2% after Eight Years
By: Justicia Shipena Namibia’s trade with Mercosur, the Southern Common Market, currently stands at just two percent. Mercosur, is a South American trading alliance comprising Argentina, Brazil, Paraguay, and Uruguay, which aims to promote free trade and facilitate…
Alweendo Imposes Moratorium on Power Export License Applications
By: Nghiinomenwa-vali Erastus Minister of Mines and Energy, Tom Alweendo, has imposed a moratorium on the issuance of generation licences for export purposes. Effective from March 5, 2024, this temporary suspension will last for 18 months or until the…
Trade Minister Calls on Private Sector to Address SME Funding Challenges
By: Dolly Menas Minister of Industrialisation and Trade Lucia Iipumbu has urged the private sector to develop funding mechanisms, especially tailored for Small and Medium Enterprises (SMEs), addressing the challenges they face in accessing finance. Responding to parliamentarian…
China Denies Importing Raw Minerals from Namibia
By: Hertha Ekandjo China’s Industrial and Commercial Bank to Africa has denied claims that the Asian powerhouse has been importing raw minerals from Namibia, leaving the country with little to no tangible benefits for its people. The bank’s…
Brazilian Ambassador Sees Potential Namibia-Brazil Collaboration in Green Hydrogen Sector
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb…