ForeFront

Dangote Industries expands to Angola with major investments

Bathu's First International Store Opens in Namibia.

In anticipation of President Biden’s historic visit to #Angola next month, the U.S.-Africa Business Center hosted the U.S.-Angola Strategic and Economic Partnership Roundtable today. The event featured key insights from Dr. Frances Z. Brown, Special Assistant to the President and Senior Director for African Affairs at the National Security Council, The White House, Thomas Bruns, Deputy Assistant Secretary of Commerce, Africa and Middle East, International Trade Administration, U.S. Department of Commerce, and K. Danae Pauli, Senior Advisor, Partnership for Global Infrastructure and Investment (PGI), U.S. Department of State. The discussions primarily focused on strengthening the dynamic U.S.-Angola economic partnership, including the #LobitoCorridor initiative. This dialogue underscores Angola's role as a strategic partner and highlights opportunities for U.S. businesses in infrastructure, energy, digital economy, trade, and investment. The U.S. Chamber is committed to building on this momentum and fostering a vibrant U.S.-Angola economic partnership. #USAngolaPartnership #EconomicGrowth #GlobalTrade 📷: U.S. Chamber of Commerce

Namibia secures top spot for Best Road Infrastructure in Africa Namibia has once again achieved the top position for the best road infrastructure in Africa. According to the latest survey by Statista, the country attained an impressive 5.57 index rating out of 7. Egypt and Benin followed in the rankings with scores of 5.53 and 5.00, respectively. https://lnkd.in/dsfyGwMv #namibia #roadinfrastructure #africa #statista Roads Authority of Namibia Lutombi Conrad Hileni Fillemon

Halliburton Opens Operations Base in #Namibia in a Boost for Local Content and Contracts   Multinational oilfield services corporation Halliburton officially opened its operational bases in #Namibia with a ceremony spanning two days (November 12-13). Aimed at supporting offshore oil and gas projects, the operational bases are situated in #Windhoek, #WalvisBay and #Swakopmund, and are strategically located in close proximity to port infrastructure. The bases – set to be opened by Namibia's Minister of Energy and Mines Tom Alweendo and Halliburton Area Vice President Antoine BEREL – are set to boost local content in Namibia ahead of first oil production in the Orange Basin. As the voice of the African energy sector, the African Energy Chamber (AEC) commends the proactive drive by Halliburton to establish a presence in #Namibia – one of the world's biggest emerging oil players. Read article here: https://lnkd.in/eRhEMNEb

FNB Namibia launches real-time cross-border payments FNB Namibia has partnered with BankservAfrica to launch real-time cross-border payments across the Common Monetary Area (CMA) of South Africa, Namibia, Lesotho, and Eswatini for amounts up to N$25,000. The development comes as FNB's cross-border payments within the CMA are now processed via EFT, a shift driven by new regulatory requirements. According to FNB Namibia, BankservAfrica's Transactions Cleared on an Immediate Basis (TCIB) system was chosen as an ideal replacement, ensuring compliance while enhancing transaction speed, convenience, and security. https://lnkd.in/d3JbJzRr #namibia #crossborderpayments #southafrica #botswana #eswatini #lesotho Bank of Namibia Howard Ian Erlank, CFA Richard Porter Tebogo Diphoko (MBA) Ruhling Herbst #banking #transecting Nangula Kauluma Sepo L. Haihambo

Hoje, 10 de novembro, marca o primeiro aniversário da inauguração do Aeroporto Internacional Dr. Antonio Agostinho Neto, um marco significativo para a infraestrutura de transporte aéreo em Angola. Desde a abertura, o aeroporto se destaca como um ponto importante para o desenvolvimento econômico, conectando o país ao cenário internacional e fortalecendo o setor de turismo e comércio.

Namibia Ranks as Africa's Top Second Choice for Investors Namibia ranks second in trade attractiveness in Africa, according to Standard Bank’s Africa Trade Barometer. South Africa tops the list, while Tanzania improved to fourth after infrastructure investments. Ghana fell to seventh due to economic challenges. The report highlights trade opportunities and challenges within the African Continental Free Trade Area. Full article: https://lnkd.in/deiy-h8f Source: The Namibian Get all the latest updates on your phone 📲: https://lnkd.in/dGDrnG4B

Exciting news for Southern Africa! The Development Bank of Southern Africa (DBSA) has greenlit a major investment of up to $200 million for part of the Lobito Atlantic Railway (LAR) in Angola valued at $786 million when completed. This infrastructure initiative will create a vital railway link from Lobito Port to the DRC border, transforming regional trade and transportation. It's set to boost cargo transport, support economic growth, and enhance connectivity across Southern Africa. “Our support for the Lobito Corridor Railway Project aligns with our mission to drive sustainable infrastructure development for regional integration and economic growth,” says Mpho Mokwele, DBSA’s Group Executive for Transacting. Discover more about this breakthrough project and how it's set to elevate trade and infrastructure in the region: https://lnkd.in/dYXzC5N8 #LobitoCorridor #Infrastructure #SouthernAfrica #EconomicGrowth #RegionalDevelopment

Namibia's trade deficit widens to N$25.8 billion Namibia's merchandise trade deficit surged to N$25.8 billion in the first eight months of 2024, compared to N$21.2 billion during the same period in 2023, latest data shows. According to Bank of Namibia Governor Johannes Gawaxab, the widening gap was driven by increased imports of machinery and consumer goods, despite a slight rise in export receipts. Inflation, on the other hand, continued to decline, averaging 4.6% year-to-date, down from 6.0% in 2023, with food and transport costs contributing to the decrease. https://lnkd.in/dFS6DU4c #namibia #trade #exports #tradedeficit #consumergoods #imports Ministry of Industrialisation and Trade