insert_link Namibia African exports to the U.S. hit as AGOA expires Pictured is the Minister of International Relations and Trade, Amb. Selma Ashipapa-Musavyi The African Growth and Opportunity Act (AGOA), which provided duty-free access to over 1,800 products from 32 African nations to the U.S. market, officially expired on September 30. While the Trump administration supported extending the act, Congress did not pass the necessary legislation before the deadline. This expiration follows a suspension earlier in the year due to the […] today1 October, 2025
insert_link Business / Economics BoN Sees Slower Growth, Launches Data Hub The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data. today21 August, 2025
insert_link Business / Economics Court hears Namdia diamond heist case as investigations continue Three individuals appeared in the Keetmanshoop Magistrate’s Court on Wednesday, facing charges under the Prevention of Organised Crime Act and the illicit trafficking of goods under the Diamond Act. The case, which has drawn significant public interest, was postponed to 7 August 2025 as police continue their investigation. The suspects were apprehended on Monday following coordinated police raids at their residences. The arrests are linked to diamonds stolen in […] today7 May, 2025
insert_link Business / Economics 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. […] today4 April, 2025
insert_link 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 […] today16 May, 2024
insert_link 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 […] today2 May, 2024
insert_link 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 […] today24 April, 2024
insert_link 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, […] today14 February, 2024
