Business / Economics Archives - Page 47 of 184

India-US FTA on the cards during Modi’s US visit

A Free Trade Agreement between India and the US could be on agenda as Prime Minister Narendra Modi is set to visit the US next week. This comes as President Donald Trump has been pushing India to address its trade surplus with the US - calling New Delhi an unfair trading partner. Ishan Garg tells us more.

6 February, 2025

Business / Economics

Women in Mining Admit To Facing Ongoing Challenges

Women in mining continue to grapple with significant challenges, such as limited access to funding, leadership opportunities, and resources, according to Zenzi /Awases, The President of WOmen In Mining Namibia. Speaking to NewsOnOne during the ongoing Mining Indaba in South Africa, /Awases highlighted these issues, which persist amid the four-day event focused on "Future-Proofing African Mining."

6 February, 2025

Business / Economics

30 January-6 February 2025 Weekly Economics Wrap: Tourism, Telecommunications, and Global Economic Trends

The local hospitality industry in Namibia is undergoing a significant shift as several major hotels transition from fixed rates to dynamic pricing. This move, influenced by international trends and increasing operational costs, has raised concerns about the impact on domestic tourism, already facing economic challenges. A recent survey by The Brief revealed that fluctuating rates could affect local tourism, making it difficult for many Namibians to access affordable accommodations. This […]

6 February, 2025

Business / Economics

06 February 2025 Biz News Update: Key Economic and Business Developments

Here’s your latest business news roundup: Namibia’s Digital Infrastructure Boost The Namibian government is in discussions with the International Finance Corporation (IFC) for an investment of over N$885 million (approximately US$50 million) to enhance the country’s telecommunications and digital infrastructure over the next five years. According to The Brief, this investment aligns with the newly launched Country Partnership Framework and is aimed at driving digital transformation to foster economic […]

6 February, 2025

Business / Economics

International trade agreements could drive local growth

The Economic and Social Justice Trust has published an article discussing the impact of global trade agreements, like the Africa Continental Free Trade Agreement and EU economic partnership agreements, on Namibia’s economic diversification and industrialisation. The article explores how trade agreements can help address challenges like market fluctuations, limited job creation, and insufficient value addition. Here’s Leonard Nakawa who is a Political Analyst at the Trust.

5 February, 2025

Business / Economics

Trustco forms committee for delisting plans

Trustco Group Holdings Limited has announced the establishment of an independent committee to manage its proposed de-listing from the Johannesburg Stock Exchange, the Namibian Stock Exchange, and the OTCQX Market in the United States. This move aligns with the company’s plans to pursue a direct listing on the Nasdaq stock market. Quinton Van Rooyen Junior, Trustco’s Deputy CEO, explained that the formation of this committee is in accordance with […]

5 February, 2025

Business / Economics

Namibia’s trade deficit declines from N$5.5 billion to N$119 million

https://youtu.be/DGlymhgqRro By: Ellen Shihepo The Namibia Statistics Agency (NSA) says the country’s trade deficit has declined from N$ 5.5 billion in December 2024 to N$119 million in January 2025. These figures are contained in the International Merchandise Trade Statistics Bulletin for December 2024, released today.

5 February, 2025

Business / Economics

Namibia Explores Trade Agreements for Economic Growth

Namibia is actively pursuing economic diversification through trade agreements like the African Continental Free Trade Agreement and Economic Partnership Agreements. A research project by the Economic & Social Justice Trust is assessing how these agreements can drive industrialization and attract investment while addressing challenges such as infrastructure gaps, regulatory hurdles, and skills shortages. The Turst says initial findings highlight growth potential in renewable energy, green hydrogen, and agro-processing. However, strengthening […]

5 February, 2025

Business / Economics

Namibia exports grapes worth N$815.4 million in December

https://youtu.be/VI-iQWel1yE By: Ellen Shihepo The Namibia Statistics Agency announced that Namibia exported grapes worth N$815.4 million, mainly to the Netherlands and the United Kingdom. NSA Communications Officer Mirjam Shihepo says fruits and nuts contributed 6.5% to the country’s export earnings in December.

5 February, 2025