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Africa Advised to Ditch US Dollar to Reduce Cross-Border Trade Costs
By: Nghiinomenwa-vali Erastus In a recent interview with Bloomberg Africa, a Standard Bank Group analyst highlighted that intra-African trade could see significant improvements if African nations eliminate the US dollar from their cross-border transactions. Tunde Macaulay, head of business and commercial banking for Africa and offshore regions at Africa’s largest bank, suggested that […]
US 2024 Elections: What’s At Stake for Namibia? AGOA’s future hangs in balance US energy investments and green hydrogen
By: Justicia Shipena Namibia’s trade relations with the United States, primarily governed by the African Growth and Opportunity Act (AGOA), face an uncertain future, with AGOA set to expire in 2025. Namibia is one of 35 sub-Saharan African countries benefiting from AGOA, which grants duty-free access to the U.S. market for around 6,700 […]
Locals Entrusted with Steering Rugby Union Ship
By: Hee-Dee Walenga The Namibia Rugby Union (NRU) announced significant staff changes in a press conference held Tuesday at Hage Geingob Stadium, appointing local legends to lead the future of Namibian rugby. NRU President Petri Theron introduced former Welwitschias captain and celebrated Namibian player Jacques Burger as the new Director of Rugby, overseeing […]
BRICS Pushes for De-Dollarisation
By: David Shoombe The inclusion of two more African economic powerhouses in this year’s BRICS annual summit signals a potential shift in African countries’ economic diplomacy and strategic alliances toward this developing institution. The summit, which took place earlier this year, welcomed the United Arab Emirates, Iran, Egypt, and Ethiopia as new members […]
One River, Four Nations: The Orange River’s Economic Lifeline
By: Nghiinomenwa-vali Erastus The Orange-Senqu Basin, spanning over 1 million square kilometers across Southern Africa, supports more than 60% of the region’s economy despite contributing less than 5% of its water resources. This makes the basin one of the most complex and challenging water systems in the world due to its transboundary nature. […]
Namibia Among Countries Acting on IPU Resolutions
By: Hertha Ekandjo Namibia has been recognised as one of the 38% of countries that have enacted legislation, made decisions, or taken specific actions in response to Inter-Parliamentary Union (IPU) resolutions. This recognition was highlighted during the special accountability segment of the General Debate at the 149th IPU Assembly, which reviewed how parliaments […]
Manufacturing Sector Faces Competitiveness Challenges … incentives set to expire by December 2025
By: Justicia Shipena The abolishment of export incentives that favoured companies manufacturing goods in Namibia poses a serious threat to the country’s competitiveness, according to the Namibia Investment Promotion and Development Board (NIPDB). NIPDB Chief Executive Officer, Nangula Uaandja highlighted these concerns during an interview with Eagle FM at the Namibia Green Hydrogen […]
Borders Closed for 10 Fresh Produce Items in October
By: Loise Shiimi Namibia’s horticultural sector continues to meet local demand for various fruits and vegetables, leading to the closure of borders for the importation of 10 out of the 20 products on the special controlled products list from 1 to 31 October. In a notice issued on 24 September by the Namibian […]
Drought Exposes Namibia’s Hydro Dependence
By: Nghiinomenwa-Vali Erastus Namibia imported 331,071 MWh of electricity in August 2024 as local power generation plummeted due to drought conditions, exposing the country’s heavy reliance on hydropower. Several southern African countries, including Namibia, Zambia, and Zimbabwe, are grappling with the consequences of their dependence on hydropower for electricity. Namibia generates over 75% […]
Namibia Hosts CAF African Schools Championship COSAFA Qualifiers
By: Hee-Dee Walenga Namibia hosted the Council of Southern Africa Football Associations (COSAFA) Qualifiers for the Confederation of African Football (CAF) African Schools Championship at Jan Wilken Stadium in Walvis Bay over the weekend. The tournament, aimed at fostering youth football development, featured U15 boys’ and girls’ teams from Namibia, Malawi, Zimbabwe, Zambia, […]