Economy

Economy (235)

There cannot be a dispute about the wide-ranging implications of the ongoing Covid-19 pandemic. Lives have been lost and livelihoods have been ravaged over the past two years. 

Deputy Prime Minister and Minister of International Relations and Cooperation Netumbo Nandi-Ndaitwah will this month lead a Namibian trade mission to Angola to scout for trade and investment opportunities.

Namibia recorded a N$33.4 billion trade deficit in 2021 after exporting goods valued at N$95 billion against total imports of N$129 billion, latest figures released by the Namibia Statistics Agency (NSA) show.

Simonis Storm has warned Namibian motorists to brace themselves for another fuel price hike in the coming weeks due to a weakening Rand and rising global oil prices.

Environmental Investment Fund of Namibia (EIF) has called for the early utilization and adaptation of relevant tools that would enable the capture and dissemination of accurate information in order to manage extreme climate risks.

The Ministry of Mines and Energy has announced a 30 cent increase in the price of petrol and 40 cents for diesel for the month of February.

The Namibian Pavilion at the Expo 2020 Dubai hosted in the United Arab Emirates has recorded a visitor count of 146,855 since it began in October 2021.

Namibia has been ranked 58 out of 180 countries, dropping one place over the last year, on the Corruption Perceptions Index (CPI) 2021 by Transparency International.

Titus Ndove has been appointed as the new Executive Director in the Ministry of Finance, with effect from the 1st of February 2022, a development which has been confirmed to The Brief by officials in the ministry.

Namibia’s economic is expected to slow despite a significant improvement in global growth, analysts have predicted.