tariffs

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Business / Economics

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 […]

today30 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 […]

today30 June, 2025

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

Business / Economics

Apple announces big investment in US

Apple has announced a huge $500bn investment in the United States as it shifts more business to the US amid the Trump administration's new tariff regime. The tech giant announced it's hiring 20,000 Americans and building a manufacturing factory to produce servers for artificial intelligence. It comes as President Donald Trump imposes a 10% tariff on all products from China, where most iPhones are made. Benji Hyer reports.  

today25 February, 2025

Business / Economics

US inflation hits 3% for first time since June

US President Donald Trump is pressing on with his protectionist agenda, readying reciprocal tariffs on various products from multiple nations, despite fresh inflation data showing prices are still rising in the United States. CPI increased 3% last month compared to a year ago — that's higher than economists predicted, as Benji Hyer reports.  

today13 February, 2025

Business / Economics

Morning Biz News – 12 February 2025

Strengthening Namibia’s Oil & Gas Sector The Petroleum Training and Education Fund (Petrofund) and Single Buoy Moorings Offshore (SBM Offshore) have signed a memorandum of understanding to enhance capacity building in Namibia’s oil and gas sector. This collaboration underscores their commitment to developing a skilled workforce capable of excelling in the upstream petroleum industry. The agreement aims to provide specialized training and knowledge transfer to ensure Namibians benefit from the […]

today12 February, 2025