Namibia’s export earnings recorded an increase of 9,4% in January this year – now standing at N$12 billion. This is up from N$10,9 billion recorded in December 2023. According to the Namibia International Merchandise Trade Statistics Bulletin issued by the Namibia Statistics Agency (NSA), the import bill for the month under review increased by 16,3%...
Namibia’s export earnings recorded an increase of 9,4% in January this year – now standing at N$12 billion. This is up from N$10,9 billion recorded in December 2023. According to the Namibia International Merchandise Trade Statistics Bulletin issued by the Namibia Statistics Agency (NSA), the import bill for the month under review increased by 16,3%...
Martin Endjala Uranium exports for January 2024 stood at N$3.8 billion, which is the highest value ever recorded Uranium prices it is expected to boom given its increased global demand. According to a Namibia Statistics Agency report, uranium was Namibia’s largest exported commodity in January 2024, accounting for 31.7 percent of the total export of...
During January 2024, Namibia imported ‘Bread and Biscuits’ valued at N$22.9 million which was mostly sourced from South Africa, India and United Arab Emirates. Over the entire period (January 2023 to January 2024), the value of ‘Bread and Biscuits’ imported averaged N$29.6 million with the largest value of N$37.9 million recorded in October 2023 and...
Europe continues to dominate Namibia’s beef export market, capturing an impressive 79.6% share of the total 640,650 kilograms shipped in January 2024. Meanwhile, China emerged as a key player in the ‘rest of the world’ category, securing 25,122 kilograms of Namibian beef. African nations, led by South Africa, accounted for 16.5% of the exports, importing...
Namibia’s corporate credit surged to N$46.5 billion in January 2024, marking a 2.1% increase compared to the previous year, surpassing December 2023’s 0.4% expansion, signaling changing trends in corporate lending, latest data shows. According to the Bank of Namibia, the credit growth in the corporate sector was primarily driven by increased demand from manufacturing, energy, and...
In January 2024, credit extended to corporates reached N$46,4 billion, an increase of 2.1% y/y as compared to 0.4% y/y growth reported in December 2023. According to the Bank of Namibia, the credit growth in corporate sector was primarily driven by increased demand from manufacturing, energy, and agriculture sectors. Conversely, households experienced a slowdown in...
In January 2024, livestock marketing activities surged to 66,897 head, showing a significant rise from the previous year and a slight dip from December 2023, according to Simonis Storm Securities (SSS) analysis. Cattle marketing notably rose, with 20,398 head marketed, compared to 12,659 in December 2023. The Livestock and Livestock Products Board of Namibia attributes...
Staff Reporter THE northern Kunene and most of the north-eastern quadrant of the country received rainfall ranging from 40 millimetres (mm) to 200 mm or more during January 2024. This data comes from the Ministry of Works and Transport’s latest Climate Watch Report, which highlighted that the northern Kunene, Ohangwena, Oshana, Oshikoto, parts of Omusati,...
950 new vehicles were sold in January, marking a 13% month-on-month and 17.7% year-on-year increase from December 2023 and January 2023, respectively according to latest data shared by Simonis Storm. “Given this consistent upward trend, there is an optimistic outlook for vehicle sales in 2024, with expectations of further improvements,” said Simonis Storm. Toyota emerged...