The global credit rating agency Moody's has upgraded Namibia's sovereign rating outlook from 'stable' to 'positive'. This notable improvement reflects the successful implementation of economic reforms and a conducive external environment that has fostered economic growth.
Brazil would like to deepen its cooperation and economic and trade relations with Namibia.
Its Ambassador to Namibia, Vivian Loss Sanmartin, says possibilities to increase trade between Brazil and Namibia are almost without a limit.
The Bank of Namibia (BoN) is worried about the risks posed to the positive economic outlook by challenges such as water supply disruptions, looming droughts, and infrastructure constraints.
Deputy Prime Minister Netumbo Nandi-Ndaitwah emphasised the need to expedite economic recovery in order to accelerate the country's economic growth.
She made these remarks during the 13th edition of the Eenhana Expo Fundraising Gala Dinner, which took place in Eenhana.
The Chairperson of the Africa Union (AU) has called on African countries to play their role by contributing to the African Continental Free Trade Area (AfCFTA) for the continent to gain economic independence.
