insert_link Namibia Fuel prices go up as government adjusts dealer margins Image contributed (Xinhua/Chen Cheng) Motorists will face higher fuel costs from Wednesday, as the Ministry of Mines and Energy has announced a 50-cent per litre price increase. At the same time, fuel retailers will see their margins rise by 30 cents per litre, while the Road Fund Administration levy will increase by 20 cents per litre. The ministry says the adjustments are due to the introduction of a new minimum […] today4 March, 2025
insert_link Business / Economics China factory activity picks up, showing economy’s resilience in face of tariffs China's manufacturing activity picked up last month, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on China's exports. The latest data comes as policymakers are expected to announce that they'll push China's official budget deficit target to the highest in over three decades. Laura Westbrook reports from Hong Kong. today3 March, 2025
insert_link Dr. Sam Nujoma Ekandjo Hails Nujoma’s Economic Legacy Former Minister Jerry Ekandjo says Namibia did not borrow from the IMF or World Bank during Sam Nujoma’s 15-year presidency. In an interview with Future Media's Angie Scholtz, he also called on the next government to revive Nujoma’s Ondangwa–Cape Fria railway project. ENG Jerry Ekandjo Sam today12 February, 2025
insert_link Business / Economics China imposes retaliatory tariffs on $14bn worth of US goods China has imposed retaliatory tariffs on the US, hitting about $14bn worth of goods and dashing hopes that a trade war between the world's two largest economies could be avoided. Beijing announced the tariffs last week in response to a US decision to impose an additional 10 per cent levy on Chinese products. Laura Westbrook has more. today10 February, 2025
insert_link Business / Economics United States has released its monthly jobs growth data The United States has released its monthly jobs growth data, with some analysts arguing it's another sign of a softening job market in the world's strongest economy. The President has criticized his predecessor, Joseph Biden, for the weaker-than-expected numbers. Mitch McCann reports from New York: today10 February, 2025
insert_link Business / Economics 07 February 2025 BIz News Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […] today7 February, 2025
insert_link Business / Economics US & Mexico strike deal to pause tariffs The US and Mexico have struck a deal to delay Washington imposing 25% tariffs on Mexican goods. It follows a phone call between the two leaders. Tariffs on Canadian and Chinese goods are still due to come into effect on Tuesday. Nick Harper reports from Washington. today4 February, 2025
insert_link Business / Economics Presidential advisor calls for better industry security in the wake of Namdia robbery Namib Desert Diamonds head office, Windhoek Presidential Economic Advisor James Mnyupe says that he does not believe the robbery at Namib Desert Diamonds will have a significant impact on the economy. He said the incident shows the value of Namibia's commodities, such as diamonds, which are highly sought after globally. Mnyupe called for improvements in security concerns within the industry. today21 January, 2025
Business / Economics Namibia reports trade deficit of N$5.5 billion The Namibia Statistics Agency has released the Namibia International Merchandise Trade Statistics Bulletin for the month of November 2024 which indicates that the country’s exports stood at 12.2 billion and imports at 17.7 billion resulting in the country's trade deficit of 5.5 billion. NSA spokesperson, Mirjam Shihepo. today16 January, 2025
