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Bank Windhoek has disbursed N$50 million since March 2023 to support the Namibian government's Small-Medium Enterprise (SME) Economic Recovery Loan Scheme, which was launched in February.

Namibia has won the bid to host the Africa Youth in Tourism Innovation Summit and Challenge for the next three years. 

The Namibian Ports Authority handled 7,691,781 tonnes of cargo during the year ended 31 March 2023, a record-breaking amount from prior years.

Namibia's trade deficit increased to N$2.2 billion in March this year as exports and imports amounted to N$10.2 billion and N$12.4 billion respectively, latest trade statistics reveal.

 

The Namibia Statistics Agency reported a 26.3% increase in exports from the prior month's value, with Statistician-General Alex Shimuafeni stating that exports rose by 15.3% from N$8.9 billion registered in March 2022.

 

However, the country's trade balance remained in a deficit, worsening by N$1.8 billion (month-on-month) and N$1.7 billion (year-on-year) from N$453 million recorded in February 2023 and N$539 million recorded in March 2022.

 

"Namibia’s trade improved when compared to the month of February 2023. However, certain goods contributed more to the monthly deficit with Petroleum oils recording an import bill of N$2.2 billion and a deficit of N$1.7 billion, in second place was ‘Copper ores and concentrates’ with a deficit of N$1.5 billion.

Namibia has welcomed its first digital nomads, five months after launching the visa programme, which received over 121 inquiries.

The Namibia Investment Promotion and Development Board (NIPDB) has been awarded first runner-up in the Best Foreign Direct Investment (FDI) Project category for its Kelp Blue investment project.

The World Food Programme (WFP) and the Daures Green Hydrogen Village have signed an agreement to support the production of green hydrogen and ammonia-based fertilizer as a sustainable solution to improve food production at community-based agriculture initiatives to be implemented in partnership with local communities in Namibia.

The Ministry of Agriculture has expressed concern over the Meat Corporation of Namibia’s  (Meatco) ability to support its recovery efforts.

Despite making headway in constructing new power generating infrastructure, Namibia's progress remains inadequate in meeting its energy needs and substituting imports, the Institute for Public Policy Research (IPPR) has revealed.

The Ministry of Industrialisation and Trade is targeting to train 1,400 micro, small and medium enterprises (MSMEs) by the end of July, in an ongoing business simulation programme.

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