Windhoek-Diamonds continue to be the backbone of the Namibia economy while the Southern African Customs Union (SACU) remains a top export earner for the Southern African country, the Namibia Statistics Agency has said in their latest assessment of the Namibian economy. Read more.
Windhoek-NAMIBIA has been experiencing a decent swell of cargo handled at the country’s recently expanded Walvis Bay Port with increased shipments by Zambia, Zimbabwe and Botswana who also have dry port facilities in that country. Read more.
Botswana and Namibia will soon their dream of erecting a 5000-megawatt solar power plant come to fruition following approval by the United States Government to assist with a financial injection to drive the project meant to improve generation capacity in the two neighbors. Read more.
The Namibian economy further contracted by 2.5 percent in the first quarter of the year despite being poised for an improved performance hinged on better performances by the agriculture sector which in nominal terms expanded to N$3.8 billion from N$3 billion registered in the corresponding quarter of 2020. Read more.
Namibian Minister of Finance Ipumbu Shiimi is pushing for solid Public Private Partnership in infrastructure development projects to improve the ailing economy which contracted by an astounding 8 percent in the last financial year.
Namibia’s poverty levels have drastically increased in the past few years because of low-income levels, unemployment as well as income inequality resulting in about 43.3 percent of the population being classified as living in dimensional poverty.
Windhoek-Namibia has plunged into a trade deficit of N$2 billion in April despite an increase in exports in the mining sectors as well an increase in the total number of merchandise traded. This is shown in the country’s latest trade statistics released by the Namibian Statistics Agency (NSA). NSA Statistician General Alex Shimuafeni said the country’s […]
Namibian Minister of Finance Ipumbu Shiimi has granted the country’s power utility, Nampower a two-year exemption from the country’s procurement system to allow the company to expedite its planned power projects meant to drive the country to a self-sustainable energy producer.
Namibia and Germany have inked a 100 million Euros (N$1.8 billion) development finance deal to improve food security, water and sanitation as well climate change as well as project financing as part of the ongoing engagement between the two countries to improve close cooperation in the future. Read more.
The Namibian financial system remained resilient, withstanding the shocks of the country’s worst economic performance since independence and the pre-existing weak economic activity that was worsened by the COVID-19. Read more.