Economy (494)

 Namibia is an African country that offers several attractive investment opportunities for investors. Some of the reasons for investing in Namibia include:

The Business and Intellectual Property Authority (BIPA) is collaborating with the Namibia Revenue Agency (NamRA) to curb cross-border violations or infringements by enforcing Intellectual Property Rights protection (IPRs) laws.

Namibia's trade deficit has widened by a staggering 129.9% in January 2023, according to the latest trade figures released by the Namibia Statistics Agency (NSA).

The Namibia Statistics Agency (NSA) has announced that the 2021 Population and Housing Census (PHC) will finally be conducted in August this year.

 Namibia has been warned against an over-reliance on Southern African Customs Union (SACU) revenues, with the country set to rack in N$24.3 billion for the FY2023/24,a 71.6% increase from N$14.2 billion in the FY2022/23. 

The Southern African Customs Union (SACU) Council of Ministers has appointed Thabo David Khasipe as the new Executive Secretary, effective from the 1st of February 2023.

Minister of Labour, Industrial Relations and Employment Creation Utoni Nujoma says the government resolved 3,108 labour cases out of 4,378 laid with the Ministry, translating to 68% of complaints presented to the Labour Commissioner in the first three quarters of the financial year 2022-2023.

Prime Minister Saara Kuugongelwa-Amadhila has urged local authorities to make use of Public-Private Partnerships (PPPs) to accelerate service delivery amid the reduction in public revenue caused by a downturn in the economy.

The Social Security Commission (SSC) has announced that it has disbursed a total of N$147 million towards community development and employment creation, bursaries and study loans, and training schemes, since the inception of its Development Fund in 2011.

Illegal fishing by Angolan companies in Namibian waters is drowning the local industry, research firm Simonis Storm has said.