Namibia’s chamber of commerce and industry

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Business / Economics

20 August 2024 Morning Biz News: Namibia’s Trade Imbalance with Brazil, MTN Group’s Losses, NNPC’s Profit Surge, and Currency Market Updates

Namibia’s Trade Imbalance with Brazil Namibia imported goods worth N$789 million from Brazil in 2023, predominantly poultry meat and raw sugar, according to recent data from the Namibia Chamber of Commerce and Industry (NCCI). In contrast, Namibia’s exports to Brazil amounted to only N$13 million, indicating a substantial trade imbalance. NCCI Vice President Patty Karuaihe-Martin emphasized the stark disparity in trade figures, which highlights the need for more balanced trade […]

today20 August, 2024