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 Business / Economics Namibia’s trade deficit improves in December 2024 Namibia’s trade balance showed a notable improvement in December 2024, standing at a deficit of N$119 million. This marks a significant reduction from the previous month's deficit of N$5.5 billion and December 2023’s deficit of N$969 million. According to the Namibia Statistics Agency's latest Trade International merchandise trade bulletin, South Africa continued to be Namibia’s largest import market, while China remained the top destination for Namibia’s exports. […] today6 February, 2025
insert_link Business / Economics Statistics Agency Reports Major Drop in Trade Deficit The Statistics Agency reports that Namibia’s trade deficit declined drastically from N$5.5 billion in December 2024 to N$119 million in January 2025. These figures are outlined in the latest International Merchandise Trade Statistics Bulletin. Our correspondent is One Africa TV NewsOnOne's Ellen Shihepo: Watch NewsOnOne weeknights on One Africa TV on GoTv channel 84, DSTv 284 or stream on oneafrica.tv today5 February, 2025
insert_link Local Bank Windhoek Partners with Afreximbank on Trade Finance Bank Windhoek’s Chief Treasurer, Claire Hobbs, announced the bank’s excitement in partnering with Afreximbank for the Trade Finance Seminar and Workshop. “We look forward to learning, exchanging views, and ideas with subject matter experts, and exploring areas for collaboration as trade finance is a strategic focus for the Bank,” Hobbs stated. Bank Windhoek’s Head for Investment Banking, Gideon Vos, will be a panellist, discussing the theme: “Sustaining Financing […] today6 November, 2024
