insert_link Business / Economics Botswana’s Masisi proposes energy partnership with Namibia Speaking at the official opening of the annual Swakopmund International Trade Expo, which is organised by the Namibia Chamber of Commerce and Industry, Botswana’s President Mokgweetsi Masisi announced that Namibia and Botswana will collaborate in the energy sector by setting up a fuel storage facility at Walvis Bay. todayJuly 4, 2024 41
insert_link Africa Africa can transform its aviation sector by harnessing new routes – report By Bonface Orucho, bird story agency A new study by European aircraft manufacturer Airbus reveals that West Africa holds the potential for an aviation revolution leveraging its booming population, diverse economies, and strategic geographical position to open up new routes. The study ‘Exploring the horizons: A study of unserved air routes to, from and within Africa’ highlights that nine out of the top […] todayJuly 4, 2024 16
insert_link Business / Economics BIPA to Consult Stakeholders on Beneficial Ownership Sanctions Implementation The Business and Intellectual Property Authority has announced its intention to engage stakeholders in consultations regarding concerns surrounding beneficial ownership sanctions. This initiative seeks to address and clarify issues raised by stakeholders regarding the implementation and impact of these sanctions.Here is Ockert Jansen, BIPA's Executive of Marketing, Corporate Communications, and Client Management Services. todayJuly 4, 2024 25
insert_link Business / Economics 27 June-4 July 2024 Weekly Economics Wrap In this week's economic highlights, several key developments have shaped the financial landscape across Southern Africa and beyond. Namibia OK Foods reported the largest overall year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost close to N$1100 in June last year, compared to N$984.11 this past June, marking a significant drop of 11.65%. In a move that could bolster regional fuel supply chains, […] todayJuly 4, 2024 21
insert_link Business / Economics 4 July Morning Biz News: Global Markets Surge Amid Economic Optimism and Strategic Oil Sector Moves 1. Botswana and Namibia Explore Fuel Storage Collaboration In a move aimed at enhancing regional fuel logistics, Botswana President Mokgweetsi Masisi has announced that the Botswana Oil Company is in talks with the Namibia National Petroleum Corporation (NNPC) to establish shared fuel storage facilities at Walvis Bay. This collaboration seeks to optimize fuel transportation and streamline oil sourcing from Angola, potentially bolstering efficiency across the supply chain. 2. South African […] todayJuly 4, 2024 19
insert_link Business / Economics SWAITEX showcases Namibia’s trade and investment potential Swakopmund, Namibia - The Swakopmund International Trade Expo (SWAITEX) is currently underway, drawing local and international businesses to the coast. Established in 2013, SWAITEX aims to foster networking opportunities and promote business ventures for Namibian entrepreneurs. Botswana's President Mokgweetsi Masisi and First Lady Neo Jane are esteemed guests of honor at SWAITEX 2024, underscoring the event's regional significance. Obrien Simasiku, the Communications Coordinator for SWAITEX, highlighted the diverse participation at […] todayJuly 3, 2024 98
insert_link Business / Economics Institute of Namibian Quantity Surveyors pushes for early involvement in projects The Institute of Namibian Quantity Surveyors (INQS) is currently running a campaign to educate the construction sector on the critical importance of involving quantity surveyors from the start of a project. This initiative draws attention to their role in cost management, risk mitigation, and overall project success. INQS President Frikkie Jordaan explained the relevance of appointing a quantity surveyor at the inception stage of a project. "It is crucial to […] todayJuly 3, 2024 45
insert_link Business / Economics 3 July 2024 Morning Biz News: Global Economic Insights: Manufacturing Leads Namibia’s Exports, South Africa’s Business Confidence Surges, NNPC’s Oil Production Strategy, and Oil Prices Rise Amid Summer Demand Optimism Namibia's Manufacturing Sector Leads Export Growth in May 2024 Namibia's economic landscape in May 2024 showcased robust export performance, with the manufacturing industry emerging as a pivotal contributor. According to the Namibia Statistics Agency, the sector spearheaded the nation's exports, contributing goods valued at N$6.3 billion. This figure contributed significantly to the country's total exports for the month, which surged to N$44.7 billion, marking a notable increase from N$42.4 billion […] todayJuly 3, 2024 26
insert_link Business / Economics Namibia’s trade deficit hits N$3.3 billion The Namibia Statistics Agency’s latest International Merchandise Trade Statistics Bulletin shows that during the month of May 2024, the country’s trade balance stood at a deficit of N$3.3 billion, a worsened trade balance when compared to N$3.1 billion and N$2.9 billion recorded in April 2024 and May 2023, respectively. NSA spokesperson, Mirjam Shihepo. Namibia's trade composition by partner showed that South Africa remained Namibia's largest market for both exports […] todayJuly 2, 2024 84