Namibia impresses US business community with enabling environment, policies and stability

The US business community is impressed with Namibia's enabling investment environment, including its policies and stability.

However, direct trade levels between Namibia and the US are still not satisfactory as Namibia's exports range in less than US$500 million instead of billions.

In view of these low export volumes, the Namibia Investment Promotion and Development Board held an investment summit on the margins of the UN General Assembly in New York on Thursday.

Unprecedented global debt levels and interest rates limit fiscal space of countries- Geingob

President Hage Geingob has reminded the UN General Assembly that the unprecedented global debt levels and interest rates are limiting the fiscal space of countries, including Namibia.

Dr Geingob delivered Namibia's statement during the General Assembly that is underway in New York. 

The UN members' collective aspirations should remain acutely aware of the vulnerabilities facing developing countries, President Geingob emphasised to the UNGA. This also includes the limitations to resource mobilisation posed by the World Bank's classification.