insert_link Africa Zambia becomes first in Africa to accept mining taxes in yuan A China yuan note is seen in this illustration (Photo by REUTERS/Thomas White) Zambia has become the first African country to allow Chinese mining companies to pay taxes in yuan, a move aimed at reducing reliance on the US dollar and reflecting the country’s deepening economic ties with China. The policy shift was confirmed by the Bank of Zambia, according to News24. According to Bloomberg Law, the change comes amid […] today20 January, 2026
insert_link Business / Economics Fuel Prices Review Complete for January The Ministry of Industries, Mines and Energy’s Anna Salkeus announced that the review of fuel prices for January next year has been finalised. She said international oil prices fell in November 2025 due to oversupply, weak demand growth, a softer US dollar, increased US shale production, and the easing of OPEC+ output cuts. today22 December, 2025
insert_link Business / Economics 30 January-6 February 2025 Weekly Economics Wrap: Tourism, Telecommunications, and Global Economic Trends The local hospitality industry in Namibia is undergoing a significant shift as several major hotels transition from fixed rates to dynamic pricing. This move, influenced by international trends and increasing operational costs, has raised concerns about the impact on domestic tourism, already facing economic challenges. A recent survey by The Brief revealed that fluctuating rates could affect local tourism, making it difficult for many Namibians to access affordable accommodations. This […] today6 February, 2025
insert_link Business / Economics Morning Biz News Update – 27 January 2025 Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […] today28 January, 2025
insert_link South Africa South Africa’s says it cannot yet determine its stance on a common BRICS currency South Africa's Deputy president Paul Mashatile says his country cannot yet determine its stance on a common BRICS currency. Highlighting the country’s reliance on the US dollar, Mashatile emphasised the need for caution in trade decisions. He noted that while discussions continue, South Africa must prioritise its economic stability before committing to such significant shifts: today22 January, 2025
insert_link Africa BRICS nations would suffer under a 100 percent tariff from Trump The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer. Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […] today3 December, 2024
insert_link Business / Economics SA’s Ramaphosa responds to Donald Trump’s threats South Africa’s President, Cyril Ramaphosa says the country will facilitate diplomatic talks with US president-elect Donald Trump, rather than engage in social media clashes over bilateral matters. This comes after Trump threatened to impose 100 percent tariffs on BRICS countries if they were to create a currency rival to the US dollar. Ramaphosa says the G20 presidency will see South Africa work closely with the US. today2 December, 2024
insert_link Business / Economics Donald Trump threatens 100% tariffs on BRICS US President-elect Donald Trump has warned BRICS nations against creating a new currency to replace the US dollar, demanding commitments to maintain the dollar's dominance. He also repeated threats to levy a 100% tariff. Bloomberg reports that Saturday’s threat on Truth Social took on new relevance as the president-elect prepares to retake power in January. In response, South Africa’s former Public Protector Thuli Madonsela criticized Trump’s position on X, saying […] today2 December, 2024
insert_link Business / Economics Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy. today21 November, 2024
