Namibia’s tourism sector, which continues showing signs of recovery, has spurred the second quarter of 2023’s vehicle sales to be the best performing quarter since the second quarter of 2017. Using the second quarter of 2019 as the pre-pandemic level, the second quarter of 2023 outperformed that benchmark by 11,6%, giving a positive indication that...
Martin Endjala Amid financial constraints, the sale of vehicles in Namibia is on a year-on-year upward trajectory. Vehicle sales increased from 872 units in June 2022 to 1,320 in June 2023 which represents an increase of 51.4 percent. According to a Simonis Storm Securities report, in prior months, sales were declining since March 2023, with...
Despite the global surge for sustainable lab-grown diamonds, Namibia currently has no regulations that prevent synthetic diamond manufacturers from marketing and selling lab-produced diamonds as natural diamonds. This was revealed by Minister of Mines and Energy Tom Alweendo during the inauguration of the Diamond Board of Namibia here on Monday. The board of 12 members...