For the month of May 2022, Namibia’s exports earnings stood at N$5.7 billion, down by 5.2% on monthly basis, while the imports bill amounted to N$10.2 billion, up by 1.9% on monthly basis resulting in a trade deficit of N$4.6 billion. This is up 12.3% when compared to 4.1 billion observed in April 2022.
Mines minister Tom Alweendo has reiterated his stance that the presence of oil in Namibia can be beneficial, and does not automatically need to lead to the dreaded oil curse.
An impending deal with the European Union to jolt Namibia’s ambitious green hydrogen sector and at the same time reduce the economic bloc’s own dependence on Russian energy
means the fruits of recent economic diplomacy efforts, as witnessed over the past few months, are becoming visible.
Duits!hūb di ǂHanub ge a ǁaxa ǁaupexa N$256 miljunsa ǀhaohaos ǀkha, Namibiab nî hui!nâ-ūse, Covid-19 ǁōs ge hā-ū ǁgoaǂuidi, !aub!ûi!gâdi tsî !narisarimas !âkha !nâde oresa hōbatsâs !aroma.
The agriculture, forestry and fishing sector has not been spared from the pressure of market distortions resulting from the Covid-19 calamity.
The domestic economy’s performance continued an upward trend, recording a growth of 5.3% in the first quarter of 2022 when compared to a decline of 4.9% registered in the corresponding quarter of 2021.
A N$15.2 million tax refund scam uncovered by the Namibia Revenue Agency and revealed at the end of March this year, has now more than doubled to N$36 million.
The German Federal government mobilised additional resources of approximately N$256 million as grant aid to support Namibia in mitigating the challenges of the Covid-19 pandemic in the conservation and tourism sector.
The Namibian government is concerned over the negligible level of trade and investment between Namibia and Angola.
Metrology, or the the scientific study of measurements, is important in daily lives of consumers and businesses as it reinforces quality in manufactured goods and processes through accurate and credible measurements.