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Manufacturing sector growth to slow down – BoN

The Bank of Namibia (BoN) has projected growth in the manufacturing sector to slow down in 2020 and 2021. This is mainly due to being compared to a high base from 2019 that the central bank predicts will result in the sector to grow by 0.9% and 1.3% in 2020 and 2021, respectively.

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EPZ Policy: Rise and fall in the diamond industry

The Export Processing Zone (EPZ) Act (Namibia) was implemented to meet the country’s industrialization goals. The policy is currently in the process to be phased out and replaced by the Special Economic Zone Act (SEZ) which might take another year before being fully implemented.