insert_link Business / Economics South Africa must diversify trade South Africa’s envoy to the United States, Mcebisi Jonas, says the country must broaden its trade relationships as it faces potential tariff changes and uncertainty over the future of the African Growth and Opportunity Act (AGOA). Jonas made the remarks ahead of an expected announcement by U.S. President Donald Trump on trade policies related to Africa. He said African countries should take the lead in navigating global trade, despite challenges […] today30 July, 2025
insert_link Namibia Namibia launches AfCFTA trade with 1st shipment from Walvis Bay Namibia has formally commenced trade under the African Continental Free Trade Area (AfCFTA) during a ceremony at the Walvis Bay Salt Warehouse. Hosted by the Ministry of International Relations and Trade, the event celebrated the shipment of Namibia’s first consignment—salt—as it joins the continental initiative designed to liberalize trade among 54 nations. Executive Director Penda Naanda underscored the importance of the appointment, stating, “This marks the beginning of Namibia’s active […] today30 June, 2025
insert_link Interview Transcripts Interview: Josef Sheehama Calls for Namibia to Join BRICS to Boost Economic Growth and Industrialization Economic expert Josef Sheehama made a strong case for Namibia to join the BRICS bloc, describing it as a smart and strategic move for the country’s future. Speaking about the fragile global economic and political environment, Sheehama stressed that Namibia can no longer afford to remain neutral but must diversify its international alliances and rebalance traditional ties to reduce dependence on partners who may not fully support its interests. Sheehama […] today16 June, 2025
insert_link Business / Economics 05 March Morning Biz News: Payroll Deduction Agreement, Budget Talks, Economic Diversification, and Bitcoin Trends Swakop Uranium and NAMITVEST Forge New Payroll Deduction AgreementA new payroll deduction agreement between Swakop Uranium and NAMITVEST was signed on Thursday in Swakopmund. The agreement enables Swakop Uranium employees to directly invest in NAMITVEST through payroll deductions, fostering financial empowerment. According to One Africa TV NewsOnOne, the partnership is a significant move towards helping employees build their wealth through a structured savings and investment approach. South African Cabinet Finalizes […] today5 March, 2025
insert_link 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. today5 February, 2025
insert_link 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 […] today5 February, 2025
insert_link Business / Economics 04 February 2025- Biz News Wrap: Market Insights and Global Financial Developments 1. Namibia Stock Exchange Reports Steady Trading Activity The Namibia Stock Exchange (NSX) reported a total trade volume of 247,147 shares, valued at N$12.5 million, across 16 deals. The financial sector led the way, with more than 236,000 shares exchanged, amounting to N$8.2 million in total. Year-to-date, the NSX has seen 6.4 million shares traded, valued at N$369.8 million. This ongoing activity suggests a continued interest in market […] today4 February, 2025
insert_link Africa Business and Economics Researcher Urges Action to Close Namibia’s Economic Gaps According to business and economics researcher Josef Kefas Sheehama, Namibia is aiming to reduce its productivity gap and enhance economic resilience in the coming years. Key recommendations include tackling corruption, improving governance, and shifting focus to high-productivity sectors like manufacturing. Sheehama also stresses the importance of diversifying the economy and increasing domestic revenue generation to address inequality and improve living standards. With the African Continental Free Trade Area presenting new […] today7 January, 2025
insert_link Uncategorized 30 October-07 November 2024 Weekly Economics Wrap: Key Developments and Global Trends Namibia's Agricultural Growth: The Namibia Berries Project Expansion The Namibia Berries Project is setting its sights on significant expansion. The project plans to grow by 75 hectares annually, targeting 240 hectares by 2026. The ambitious vision, shared by founder Michael Rodenburg, aims for long-term growth, with a potential reach of 500 hectares, depending on funding and community development. This expansion is poised to make a substantial impact on […] today7 November, 2024
