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News Namibia Commodities: Here’s Why Commodities Present The Biggest Opportunity Since 2008
Gold prices have now risen for a second straight quarter in a row – up over 28% from the November lows of $1,600 an ounce – scoring their biggest back-to-back quarterly gain ever in history – the rally might not stop there!
News Namibia Commodities: US Ambassdor makes harbour call to talk trade and investment
The United States Ambassador to Namibia, HE Randy Berry, visited the harbour in Walvis Bay to familiarise himself with its operations and to explore ways how the US Government can support its operations as a key component of international trade.The ambassador met with the Chief Executive of the Namibian Ports Authority, Mr Andrew Kanime to explore investment and trade relations between the two governments through their respective agencies and...
News Namibia Commodities: Namibia: Mining Threatens Daures Farming - Residents
Farmers in the Daures constituency said their main source of income, farming, is being threatened by the increasing mining activities in the constituency.The farmers are of the opinion that mining only benefits a selected few while the inhabitants of the region are left out when it comes to the millions generated through mining.The Daures constituency, initially known for its abundant semi-precious stones has seen a surge in rare earth mineral...
News Namibia Commodities: Combined Water-Saving and Nuclear Techniques Help Improve Farmers’ Productivity and Income in Namibia
Namibia is one of the driest countries in Africa. It is home to the world’s oldest desert, the Namib, as well as the Kalahari Desert, whose name derives from the Tswana word for “great thirst”.
News Namibia Commodities: Nigeria's Economy to Grow By 3 Percent in 2023 - - UN
Commodity exporters in Africa will likely face weaker market conditions given the expected global economic slowdown, it said ...
News Namibia Commodities: Namibia Chamber optimistic about industry’s 2023 prospects
Mining industry organisation Namibia Chamber of Mines (NCM) states that it is “very positive” on the trajectory of the local mining industry, stressing that it expects it to grow on the back of increased output from the diamonds and uranium sectors. “In the short term, growth in the mining sector remains promising. Primarily because of the improving minerals commodity market supporting increased capital inflows into exploration activity worldwide. Namibia, being politically stable jurisdiction with a relatively favourable policy environment, remains a competitive destination for investment into exploration activity, which is evidenced by increased investments into exploration over the last few years.”
News Namibia Commodities: Namibia: Fruits, Nuts Annual Export Bill At N$1,4 Billion
India, Italy and the United States also formed part of Namibia's top five import markets. The analysis of exports by commodities revealed that diamonds had the largest share of 30,3% in Namibia's ...
News Namibia Commodities: Squeezed mining companies face growth dilemma
By Clara Denina and Helen Reid JOHANNESBURG (Reuters) - High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired balance sheets from past over-spending,
News Namibia Commodities: Namibia reports outbreak of foot and mouth disease
Vehicles wait to be checked to prevent the spread of foot-and-mouth disease at a checkpoint north of Grootfontein in the northern part of Namibia on May 6, 2016. (Xinhua/Wu Changwei) Namibia has been hit by another outbreak of foot-and-mouth disease (FMD) in the Zambezi region in the extreme northeast of the country. WINDHOEK, Oct. 16 (Xinhua) -- Namibia has been hit by another outbreak of foot-and-mouth disease (FMD) in the Zambezi region,...
News Namibia Commodities: Namib Mills price hikes to have 'devastating impact' on poor
THE pending food increases announced by Namib Mills will have a devastating effect on Namibians, especially the poor who will be pushed further into extreme poverty.
News Namibia Commodities: Namibia, EU reach provisional deal on rare earth minerals
Namibia has provisionally agreed on a deal with the European Union to sell its rare earth minerals, critical to the renewable energy sectors, mines and energy minister Tom Alweendo said on Thursday.
News Namibia Commodities: Sri Lanka rallies with a big win; Netherlands beats Namibia
If the Sri Lankans beat the Netherlands and Namibia beats the UAE in their last group games, three teams would be tied on points and net run rate would come into the equation to determine who advances ...
News Namibia Commodities: Higher mineral exports mitigate current account balance
Namibia’s current account shortfall narrowed in the second quarter of 2022 as increased fuel imports were mitigated by higher mineral exports and travel services earnings.According to the Bank of Namibia, the current account deficit tapered to N$438 million in the period under review from N$485 million in the first quarter of 2022.The goods trade deficit narrowed to N$633 million from a deficit of N$666 million in the first quarter. Export...
News Namibia Commodities: Revival of nuclear power puts uranium in spotlight on the commodity market
Talk of nuclear power – and uranium – has increased substantially with the rising price of oil and natural gas ...
News Namibia Commodities: Namibia's economy on track for growth
ALTHOUGH 60% of all industries included in the GDP calculation have not recovered to fourth quarter 2019 pre-pandemic levels, Namibia's economy is reportedly on track to perform better than it did in the last two years.
News Namibia Commodities: Botswana fruit, veg ban backfires
A SHORT supply of fresh produce in Botswana has left traders pleading with their government to allow them to get produce from South Africa and others again, following the government's decision to ...
News Namibia Commodities: China’s trade with Africa gets boost from rising commodity prices despite impact of Covid controls
The increase was fastest in the early part of the year before the Shanghai lockdown and supply chain disruptions hit Analysts say the rise in the price of oil and other commodities helped African countries, but warn the rest of the year may see slower growth Trade between China and Africa grew by 16.6 per cent to US$137.4 billion in the first half of this year, boosted by a recovery in commodity prices, especially oil. China imported goods worth...
