Trade (10)

Namibia Investment Promotion and Development Board (NIPDB) says it currently has N$ 94.72 billion active prospective investments being facilitated, with a potential of creating 122 000 jobs.

Namibia’s trade increased by 50% to N$15.3 billion in February this year compared to N$10.2 billion recorded in February 2021, latest official figures show.

 The Namibia Investment Promotion and Development Board (NIPDB) has called for patience while it converts investment leads secured from the just ended Expo 2020 Dubai into tangible investments.

Namibia’s participation at the Dubai Expo is bearing fruit after it generated a total of 187 investment leads, well above the targeted 10 leads a month, President Hage Geingob has revealed.

President Hage Geingob has held a meeting with Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Port of Walvis Bay has taken delivery of its maiden breakbulk consignment of sugar stuffed in 50kg bags, with a total consignment volume of 20 800 tonnes originating from Brazil.

Namibia’s trade with the rest of the world increased by 23.8% to N$19.3 billion in January this year compared to N$15.6 billion recorded in January 2021, latest government figures show.

The United Kingdom and Namibia traded goods and services worth N$2.5 billion, an increase of 5.4%, in the period between the second quarter of last year and Q2 2021, figures released by the UK’s Department of International Trade show.

The Southern Africa Customs Union (SACU) and the Southern Common Market (MERCOSUR) have reaffirmed their commitment towards the full implementation of the SACU-MERCOSUR Preferential Trade Agreement (PTA) signed in 2016.

The port of Walvis Bay has facilitated the export of 8500 metric tonnes of copper cathodes loaded onto Unisea vessel destined for the Port of Panama.