Namibia’s trade deficit widened significantly to N$3.9 billion in February 2024 compared to January 2024 and February 2023 figures which stood at N$1.8 billion and N$452 million respectively, official data shows. The country’s export earnings plunged 48.9% from N$12 billion recorded in January 2024 to N$6.1 billion, while imports saw a decrease of 27% during...
The trade balance stood at a deficit of N$3.7 billion in July compared to N$1.5 billion and N$2.3 billion recorded in June 2023 and July 2022, respectively, according to the latest figures released by the Namibia Statistics Agency (NSA). During July 2023, Namibia’s export earnings decreased by 3.8% from N$8.6 billion recorded in the previous...
Namibia’s strong mining sector and huge foreign interest in the sector promise the country positive results as the world transitions to clean energy. This, together with the potential of rare earth metals could offer the country a higher export bill. This is according to an analysis of trade statistics for July by Simonis Storm Securities....
Aim-listed Andrada Mining has posted a bigger loss before interest, taxes, depreciation and amortisation for the year ended February 28 at £5.9-million, on the back of a 34% lower tin price. The prior year’s loss amounted to £2.6-million. The average tin price realised by Andrada for the 2023 financial year Source link
Aim-listed Andrada Mining has posted a bigger loss before interest, taxes, depreciation and amortisation for the year ended February 28 at £5.9-million, on the back of a 34% lower tin price. The prior year’s loss amounted to £2.6-million. The average tin price realised by Andrada for the 2023 financial year was $25 000/t, which compares...