Namibia’s diamond exports decreased by N$1.2 billion for October as diamond prices in the country have been declining in recent months, official figures show. According to the Bank of Namibia (BoN), the rising demand for synthetic diamonds has led to softening prices for diamonds. “Diamond prices continued to decline since the last Monetary Policy Committee...
On a month-on-month basis live exports saw a 27.80% decline from the 13 899 heads exported in September to 10 035 heads exported in October. According to the Meat Board of Namibia, live exports are 36.0% lower than a year ago and 41.94% lower than the 5-year average. “Cattle live exports were dominated by South...
The Meat Board of Namibia recently reported that the FAO meat price index, which is comprised of the weighted average of poultry, pork, bovine, and ovine (likely including goat), averaged 114.2 points in September, down 1.2 points (1%) from August and 6.1 points (5%) from its value a year ago. This is according to information...
Diamond prices showed a more moderate decline in October amid holiday demand and a reduction in rough supply. The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 2.2 percent, less than September’s 5.2 percent slump. The index for 0.30 carats dropped by 1.6 percent, 0.50 carats by 1.3 percent, and 3 carats by 0.4 percent....
African airlines saw their air cargo volumes decline by 0.1 percent in September, despite the strong growth of demand on the Africa-Asia trade lane (+12.8 percent). This was an improvement in performance compared to August (-3.5 percent). Capacity was 2.7 percent above September 2022 levels. This was contained in International Air Transport Association’s (IATA) latest...
The manufacturing industry, which makes up 48,6% of total exports, experienced a decrease in exports of N$894 million in September. According to the Namibia Statistics Agency’s latest figures, the industry took the lead in exports, with goods valued at N$3,8 billion, despite the decrease of N$894 million, compared to the previous month. This was followed...
African airlines had the weakest performance in August 2023, with a 4.7% decline in cargo volumes compared to August 2022, according to the International Air Transport Association (IATA) Air Cargo Market Analysis released this week. According to the analysis, for Africa, this was a significant decrease in performance compared to July (+2.3%). Notably, Africa–Asia routes...
Martin Endjala The Namibia Financial Institutions Supervisory Authority (NAMFISA) has announced a year-on-year decline of 7.8 percent in the value of its loan book at the end of 2022, amounting to N$6.7 billion. This is largely attributed to the value of the loan book being dominated by the stock for term lenders, which accounted for...
…as South Africa cools its demand for Namibian weaners Namibian weaner prices struggled to recover during the second quarter of 2023 and averaged N$24.97/kg by the end of the period. According to the Meat Board of Namibia, this is a decline of 31.7 percent compared to the 2022 level of N$36.58/kg. “The situation is attributed...