insert_link World India approves $5 billion package to support exporters hit by U.S. tariffs India's Minister for Information Technology Ashwini Vaishnaw (Photo by: REUTERS/Amit Dave) India has approved a $5 billion support package for exporters affected by tariffs imposed by the United States. In August, President Donald Trump raised tariffs on Indian goods to 50%, prompting concerns among businesses reliant on the US markets. The package aims to cushion exporters from the impact of the increased duties and ensure continued trade stability. Rebecca Bundhun […] today13 November, 2025
insert_link Business / Economics BoN Sees Slower Growth, Launches Data Hub The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data. today21 August, 2025
insert_link Business / Economics South Africa to submit revised tariff offer to U.S. South Africa’s Minister of Trade, Industry and Competition, Parks Tau (Photo: engineeringnews.co.za) South Africa’s Minister of Trade, Industry and Competition, Parks Tau, announced that the cabinet has approved the submission of a revised tariff offer to the United States as the foundation for ongoing negotiations. This move comes in response to the recent 30-percent tariff imposed by the US on certain South African imports, which has sparked concerns among exporters […] today12 August, 2025
insert_link Africa SACU revenue at risk as South Africa scrambles to renegotiate with U.S. Namibia is likely to feel the economic aftershocks of the 30% tariff imposed by the United States on South African goods, according to economist Dr. Omu Matundu, who says the move could contract South Africa’s export market and dent Namibia’s revenue from the regional customs pool. South Africa, Namibia’s largest trading partner and the continent’s most industrialised economy, has seen key sectors such as automotive and agriculture directly targeted by […] today1 August, 2025
insert_link South Africa South Africa pushes back on U.S. 30% tariff, faces AGOA threat South African President Cyril Ramaphosa and U.S. President Donald Trump Pretoria, South Africa — President Cyril Ramaphosa on Tuesday denounced the United States’ decision to impose a 30% reciprocal tariff on South African exports, calling it a “contested interpretation” of trade data and warning that it misrepresents existing trade relations. South Africa’s data shows that 56% of all imports enter under zero-rated most-favoured-nation tariffs, while 77% of American goods enter […] today8 July, 2025
insert_link World EU Summit underway in Brussels European leaders. Photo: Euronews Leaders of the European Union convened in Brussels today for a one-day summit to address the escalating crisis in the Middle East and a range of geopolitical challenges. Most heads of state arrived directly from the NATO summit in The Hague, where allies pledged to raise defense spending to 5% of GDP by 2035, aligning with U.S. demands for a stronger collective defense posture. […] today26 June, 2025
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 06 March Morning Biz News Roundup: Banking Fees, Rand Strengthens, Coffee Price Surge, Canada vs. US Tariffs Parliament Debates Investigation Into Unethical Banking Fees and Overcharging Parliament is currently engaged in a discussion over a potential investigation into unethical banking fees and overcharging practices in Namibia. Some Members of Parliament (MPs) have voiced concerns about the negative impact high banking fees have on consumers and small businesses, urging for more financial transparency and possible regulatory reforms to address the issue. The proposed motion aims to ensure that […] today6 March, 2025
insert_link World India-EU to talk trade, investment and defense during VDL-Modi meet India and the European Union say they're eager to mark a new phase in bilateral relations ahead of talks with Prime Minister Narendra Modi today. European Commission President Ursula Von Der Leyen will discuss a free trade agreement and possibly defence and investment deals with Indian officials as China and US tariffs loom large on both Indian and European economies. Ishan Garg has more from New Delhi. today28 February, 2025
