Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
Namibia’s Diamond Production Drops as Namdeb Surges
Namibia’s rough diamond production totaled 2.234 million carats in 2024, reflecting a 4% decline from the 2.327 million carats mined in 2023, according to the latest data from De Beers, as reported by The Brief. Despite the overall decline, Namdeb saw a remarkable 30% surge in output, reaching 609,000 carats compared to 468,000 carats the previous year. In the fourth quarter alone, Namdeb’s production spiked by 44%, hitting 189,000 carats. This uptick underscores the company’s robust operational strategy amid fluctuating global diamond demand.
Trump’s Tariff Plans Could Hit South Africa’s Metal Industry
US President Donald Trump is expected to introduce a 25% tariff on steel and aluminum imports, a move that experts believe could significantly impact South Africa’s metal sector. In 2024, South Africa exported over R16.6 billion worth of iron, steel, and aluminum to the US. The anticipated tariffs could strain trade relations and challenge South African manufacturers who rely on the US as a key export market.
Botswana Eyes Economic Growth Amid Diamond Recovery
Botswana’s economy is projected to grow by 3.3% in 2025, bouncing back from a contraction in 2024. The country’s finance minister attributed the expected recovery to an improving global diamond market, as reported by Reuters. However, he emphasized the importance of diversifying Botswana’s economy beyond its heavy reliance on diamond exports. As the world’s top producer of diamonds by value, Botswana remains vulnerable to fluctuations in global demand.
Hong Kong to Challenge US Tariffs at WTO
Hong Kong is preparing to file a complaint with the World Trade Organization (WTO) over recent US tariffs, arguing that the measures undermine the city’s status as a separate customs territory. Chief Secretary Eric Chan announced the move on Tuesday, as reported by Yahoo Finance. The dispute highlights ongoing tensions between the US and Hong Kong over trade policies and economic autonomy.
By: Hertha Ekandjo Economist Omu Kakujaha-Matu has suggested that Air Namibia should explore partnerships with other airlines to ensure its survival and profitability. In a recent interview with NewsOnOne, Kakujaha-Matu emphasised that forming alliances with global carriers could provide the much-needed support to get the airline back on track. "In […]
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