NSA informal cross-border trade study reveals gender disparities

NSA informal cross-border trade study reveals gender disparities

The Namibia Statistics Agency (NSA) has released the findings of a study conducted in November 2023 on informal cross-border trade. According to the report, Namibia exported goods valued at N$9.1 million and imported goods worth N$1.2 million during the period under review. The NSA's Executive for Economic Statistics, Abel Sindano, emphasized the importance of informal cross-border trade in the region. He said that it plays a critical role in sustaining […]

September 18, 2024 38

Business / Economics

AU Member States join MSME forum in Windhoek

The 3rd Annual Micro Small and Medium Enterprises Forum is currently underway in Windhoek. The forum has attracted delegates from 55 African Union member states and presents opportunities for SMEs from different African countries to showcase their products. We caught up with some exhibitors. SME Compete director, Danny Meyer. Thursday is the day last day for exhibitions at the AU MSME Forum. H.E. Amb. Albert Muchanga, the African Union […]

September 12, 2024 44

Science & Technology

Corruption hurts businesses but digital tools offer the hope of fighting it, say manufacturers in Ghana and Nigeria

Just_Super By Samuel Adomako, University of Birmingham; Joseph Amankwah-Amoah, Durham University; Shlomo Tarba, University of Birmingham, and Zaheer Khan, University of Aberdeen Technology has changed the way the world does business. Mobile and digital payment platforms, blockchain, cloud computing and artificial intelligence (AI) tools have all driven innovations in recent years. They allow businesses of all sizes to become more efficient and reach new markets. For […]

July 17, 2024 20

Business / Economics

SWAITEX showcases Namibia’s trade and investment potential

Swakopmund, Namibia - The Swakopmund International Trade Expo (SWAITEX) is currently underway, drawing local and international businesses to the coast. Established in 2013, SWAITEX aims to foster networking opportunities and promote business ventures for Namibian entrepreneurs. Botswana's President Mokgweetsi Masisi and First Lady Neo Jane are esteemed guests of honor at SWAITEX 2024, underscoring the event's regional significance. Obrien Simasiku, the Communications Coordinator for SWAITEX, highlighted the diverse participation at […]

July 3, 2024 82

Local

Bank Windhoek, City of Windhoek celebrate MSME Day with entrepreneurs

Celebrated annually on 27 June is Micro, Small and Medium Enterprises (MSME) Day, designated by the United Nations to highlight the potential of micro, small and medium-sized enterprises to transform economies, foster job creation and promote equitable economic growth. Bank Windhoek’s Head of SME, Financial and Data Analytics, Bianca Janse Van Vuuren, highlighted that SMEs are the backbone of Namibia’s economy, driving innovation, creating jobs, and […]

June 26, 2024 20

Local

The Nedbank Kapana Cook – Off kicks off in Ongwediva this weekend.

Nedbank Namibia is thrilled to announce that the first preliminary round of the 2024 Nedbank Kapana Cook-Off Competition will take place at the Spar Super Market in Ongwediva on Saturday, June 15. The competition which launched in Windhoek in May, is dedicated to celebrating Namibia's rich culinary heritage and foster business opportunities within the small and medium segment of the market. “We are incredibly excited to host […]

June 14, 2024 17

Local

Partnering for prosperity: Nedbank Namibia’s commitment to strengthening Namibia’s agriculture sector

Namibia's agricultural sector is a cornerstone of its economy, yet it faces a myriad of challenges that threaten its sustainability and growth. Agriculture contributes over 8% to Namibia’s gross domestic product (GDP), with about 70% of the population dependent on it for income and food security. Additionally, agriculture is the largest employer in the country, accounting for over a fifth of the local workforce. Despite its economic significance, the […]

June 10, 2024 6

Local

Small businesses big impact: Boosting SMEs to drive economic growth

In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40 000 SMEs in Namibia, supporting the livelihoods of more than 200 000 people and contributing approximately […]

May 28, 2024 11

Local

Namibia Shines at Africa Energies Summit 2024

Managing Director of Monasa Advisory & Associates and Chairperson of the Economic Association of Namibia, Jason Kasuto, attended as a selected speaker the Africa Energies Summit 2024. The summit organised by Frontier Communications, now in its 10th year, is a cornerstone event that brings together leaders and innovators from across the continent to discuss the dynamic energy landscape of Africa. The Africa Energies Summit, hosted annually, serves as […]

May 21, 2024 14