The Minister of International Relations and Trade (MIRT), Selma Ashipala-Musavyi, has called on the business community in the Kunene Region to step out of their comfort zones and take advantage of the region's untapped economic potential, particularly in the mining and tourism sectors.
The southern coastal town of Luderitz is getting a new N$220-million Buchter Village Mall that will boost both its retail and hotel accommodation offerings.
Safland Property Group, in partnership with the Luderitz Town Council, held a ceremony for the construction of the mall.
The Ministry of Industries, Mines and Energy has introduced various initiatives aimed at supporting micro-, small-, and medium enterprises (MSMEs) and enhancing economic participation across Namibia.
The European Union has reaffirmed its commitment to supporting Namibia's green industrial agenda.
The EU's Commissioner of International Partnerships said that to achieve this, the EU is committing 1 billion euros in support of Namibia's green industrialisation agenda.
Debmarine Namibia launched a next-generation crawler designed to increase diamond recovery production by 20%.
Two crawlers, valued at N$1.1 billion, were unveiled at the Sturrock Dry Dock in Cape Town, South Africa, earlier this week.
The Minister of International Relations and Trade has expressed appreciation to the European Union for the consistent and tangible support it has extended to Namibia's key programmes over the years.
Selma Ashipala-Musavyi said this at a Namibia-EU Partnership Dialogue held in Windhoek on Monday.
Namibia has been ranked first in Africa and second globally on the 2025 Greenfield Foreign Direct Investment Performance Index.
The country jumped 10 places from last year, attracting nearly eight times more foreign direct investment projects than expected for its economic size.
The Namibian economy is projected to grow by 3.5% in 2025, a slight slowdown from the 3.7% estimated for 2024.
Local entrepreneurs who attended the Ministry of International Relations and Trade's regional engagements at Rundu described it as crucial and long overdue.
The engagement provided a platform for the local business community to give input on how to harness the potential of the Kavango East region.
Kavango West regional leaders welcomed the African Continental Free Trade Area (AfCFTA), describing it as a platform that will greatly benefit the region and its residents.
