• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

Govt proposes single importation point to curb soaring import prices

by editor
January 9, 2024
in Business & Economy
11
A A
23
SHARES
4k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Ministry of Mines and Energy has proposed the introduction of a single importation point for goods as a means to curb rising import prices.

You might also like

Women now lead over 70% of Namibian SMEs

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

Minister of Mines and Energy Tom Alweendo said the approach is set to potentially offer relief to sectors heavily impacted by elevated costs, such as transportation and agriculture.

He said a single importation point seeks to centralise the country’s import needs, creating a unified channel for all incoming goods. The strategy is aimed at allowing the government to take advantage of bulk purchasing and potentially drive down importation costs.

“One way of doing that is to create perhaps a single importation point where we can aggregate all the import needs for the country and you can then take advantage of the economies of scale,” he said.

The Minister also said by joining import activities through a single point, the government aims to streamline the distribution process. Rather than multiple importing companies managing their supply chains, a centralised approach could lead to more efficient and cost-effective operations.

“Instead of each importing company selling to their customers, the importation can be done by a single point and then that means that it might have an effect on the cost and probably lowering the cost,” he said

Alweendo, however, emphasised the need for thorough consultations with all stakeholders before implementation can happen, adding that the government aims to ensure that the proposed single importation point is not only sustainable but also receives input from businesses, industry representatives, and the public.

“We believe that [this initiative] will help decrease some of the importation costs that we have encountered so far,” Alweendo said.

Namibia imports food products; petroleum products and fuel, machinery and equipment and chemicals.

South Africa is Namibia’s major import partner (66% of total imports), followed by the Netherlands, the United Kingdom and China.

author avatar
editor
See Full Bio
Tags: companiesCompaniesLatesteconomyimportsnamibianamibia newssouth africa
Share96Tweet60Share17
Previous Post

MTC partners TASA on tourist connectivity

Next Post

Dundee processes 188,800 tonnes of complex concentrate in 2023

Recommended For You

Women now lead over 70% of Namibian SMEs

by reporter
July 8, 2025
0
Women now lead over 70% of Namibian SMEs

More than 70% of Namibia’s small and medium enterprises (SMEs) are led by women, according to First National Bank (FNB) Namibia, highlighting a shift towards more inclusive entrepreneurship...

Read moreDetails

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails
Next Post
Dundee processes 188,800 tonnes of complex concentrate in 2023

Dundee processes 188,800 tonnes of complex concentrate in 2023

Related News

Govt averts major fuel crisis

Govt averts major fuel crisis

July 29, 2022
Puma Energy Namibia to develop 5 rural service stations

Puma Energy Namibia to develop 5 rural service stations

January 26, 2024
SARB reforms will not impact Namibia’s monetary policy decisions – BoN

SARB reforms will not impact Namibia’s monetary policy decisions – BoN

June 14, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.