Trade (16)

Total trade between Namibia and the United Kingdom (UK) reached a high of N$2.4 billion in the 12 months to March 2022, an increase of 7.3% (N$161.4 million) from the previous corresponding period, latest figures show.

The country has exported fish worth N$6.2 billion in seven months, a 1.3% increase from N$6.1 billion recorded the same period last year, latest statistics show. 

Namibia’s contentious classification as an upper-middle-income nation by the World Bank will result in the country missing out on a new deal to export goods duty free to the United Kingdom, The Brief has established.

The Namibia Investment Promotion and Development Board (NIPDB) has deployed five Investment and Export Promotion Attachés (IEPA) to strategically selected markets as it seeks to attract more investment into the country.

India is now Namibia’s second largest source market, with trade between the countries coming in at N$4.3 billion, the Ministry of International Relations has revealed.

Namibia’s total merchandise trade during May 2022 increased by 50.4 % to N$15.9 billion, up from N$10.6 billion recorded in the same month last year, the latest official figures show.

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.

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