Given that vehicle import levels edged lower in recent months, Simonis Storm Securities expects shortages of both new and quality second had cars to remain a constraint on vehicle sales in Namibia. Economist at the firm, Theo Klein last week further highlighted that local demand still exceeds supply, despite theContinue Reading
The Southern African Development Community (SADC) Joint Sector Ministerial Dialogue on job creation was held in Lilongwe, Republic of Malawi, from 8th to 9th July 2022 to promote joint sector coordination for job creation through coherent and harmonised action on employment and productivity across macro-economic and sectoral policies and strategies.Continue Reading
Two years ago, the Zambian government banned the felling and transport of a tree known locally as mukula – Pterocarpus chrysothrix, a relative of rosewood – in a bid to curb its rapid loss fuelled by growing demand in Asia. The wood is highly prized on the international market, makingContinue Reading
Necessary arrangements are on-going to recruit the successor to Paulina Mbala Elago, the Executive Secretary of SACU who will be completing her term of office in October 2022, Dr. Mokgweetsi Masisi, President of Botswana and chairperson of the summit of the SACU Heads of State or government has revealed. AlthoughContinue Reading
Communities across Namibia grapple with the problem of acacia bushes that encroach on their land. The invasive acacia reduces pastureland available for livestock, sucks up groundwater, and negatively impacts Namibia’s indigenous plant and animal species as it competes for natural resources. Africa Burns Charcoal, a Namibian firm, is addressing theseContinue Reading
Sinikka Antila, EU Ambassador to Namibia officially handed over Information Technology (IT) Equipment valued at N$4.5 million to the Ministry of Agriculture, Water and Land Reform on Friday, 10 June 2022. The equipment is procured under the Livestock Support Programme in the Northern Communal Areas (LSP) of Namibia funded byContinue Reading
The SACU Secretariat attended the 2nd coordination meeting of the heads of Regional Economic Communities (RECs) on the implementation of the African Continental Free Trade Area (AfCFTA) that was held on 4-7 June 2022, in Arusha, Tanzania. The Meeting deliberated on actionable strategies aimed at enhancing the effective implementation ofContinue Reading
President Hage Geingob has condemned overfishing, particularly Illegal, Unreported and Unregulated fishing, commonly known as IUU as major causes of loss of biodiversity. Speaking on the occasion of the world oceans day celebration, Geingob highlighted that Namibia must endeavour to close down on all possible avenues for illegal fishing inContinue Reading
Dunlop Tyres manufacturer and distributor Sumitomo Rubber South Africa (SRSA) says it is the first tyre manufacturer in South Africa to launch truck tyre insurance. As of April, the company extended its Dunlop Sure value-added tyre insurance – previously available for only certain passenger tyres, all sport utility vehicle tyresContinue Reading
Namibia’s trade deficit exacerbated to N$3.3 billion from the revised deficit of N$619 million recorded in March 2022 and far worse from a surplus of N$365 billion witnessed in April 2021, the Namibia Statistic Agency (NSA) has said. In a trade bulletin released today, NSA noted that on the contraryContinue Reading
