Economic Diversification Archives

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 […]

30 July, 2025

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 […]

30 June, 2025

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 […]

16 June, 2025

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 […]

5 March, 2025