diamonds

U.S. tariffs threaten Namibia’s key industries

Namibia is among the many countries affected by the latest tariff announcement from the United States, which has imposed a 21% tariff on Namibian exports. The move, part of the Trump administration's broader reciprocal tariff package, aims to balance trade deficits with over 180 countries. Namibia's main exports to the U.S. include diamonds, building stones, fish fillets, beef, and charcoal—industries now facing increased costs and potential declines in trade volumes. […]

4 April, 2025 49

Interview Transcripts

Herbert Jauch, a Social Justice Activist, Talks Minerals and Poverty in Namibia

Herbert Jauch, a Social Justice Activist, on Minerals and Poverty in Namibia Namibia, a nation blessed with abundant mineral resources, has long been a significant exporter of valuable commodities such as uranium, diamonds, zinc, copper, and lead. Additionally, its marine fish products contribute substantially to the global seafood market. In recent years, the extraction of rare earth minerals has further expanded Namibia's role in the global resource landscape. Despite this […]

16 May, 2024 56

Namibia

Belgium’s King Yet to Address Namibia’s Concerns Over G7 Diamond Ban

King Philippe of Belgium has yet to respond to President Nangolo Mbumba's concerns about the G7's ban on importing non-industrial diamonds from Russia. Mbumba highlighted the adverse effects this ban would have on Namibia's diamond trade, as well as its impact on other African diamond-producing nations like Botswana and Angola. The ban could increase costs and hinder trade, posing a significant threat to these countries' economies. Namibia, a major diamond […]

2 May, 2024 43

Namibia

Diamond industry growing, despite new industry players

https://youtu.be/F8LsNudVJcY By Josia Shigwedha, via News on One With emerging industries in the energy sector such as oil and gas, the diamond industry’s position as a key contributor towards the growth of the sector and economy could be at stake. But this may not be the case as the Namibia Diamond Trading Company (NDTC) Chief Executive Officer, Brent Eiseb, stated that the intake of the precious gemstones for […]

24 April, 2024 33

Business / Economics

Josef Sheehama reacts to the decision of Bank of Namibia to keep repo rate unchanged

By Josef Sheehama The decision of Bank of Namibia to keep repo rate unchanged is a shocking because inflation rates is stable, and our international reserve remain strong. The policymakers try to navigate risks to inflation and the timing of when global interest rates will start to fall. I understand that the decision influences by several factors contributing to the status quo. We are aware that Namibia's currency, […]

14 February, 2024 21

Africa

Illegal gold mining in the firing line

By Bonface Orucho, bird story agency Countries across the continent are moving to quash illegal gold mining, using a variety of methods including formalising the sector, applying more stringent legal processes and even resorting to military intervention, with a Ghanaian court recently sentencing a Chinese national to prison for illegal gold mining, “The court in the capital, Accra, sentenced Aisha Huang to four and a half years imprisonment and a […]

13 December, 2023 27