Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds ...
Namibia is one of Africa's top five diamond exporters, right behind Angola, Botswana, and South Africa. In 2022, the country exported more than $940 million worth of diamonds. The world's demand ...
"Owing to low international diamond prices and depressed demand, we have cut expected revenues from the diamond sector for FY2024/25 by more than 2.3 billion Namibian dollars. Consequently, sustained ...
WINDHOEK (Reuters) - Namibia has lowered its economic growth forecast for this year, Finance Minister Iipumbu Shiimi said on Wednesday, citing a slump in demand for diamonds and a severe drought.
When new diamond deposits were discovered less than ... Kolmanskop (formerly Kolmanskuppe) is a small, abandoned mining town nestled in Namibia's heart of the Namib Desert, towards the southern ...
Diamond mining giant De Beers has announced a reduction in its production forecast for the year, citing persistent weakness in global diamond demand, particularly in China.
In terms of international trade, Shimuafeni said that South Africa is Namibia's largest export partner, accounting for 20.4 percent of total exports. Botswana follows with 19.2 percent, while China ...