EU-Namibia trade ties strengthens.edited
EU-Namibia trade ties strengthens.edited

EU, Namibia strengthen trade ties

New study highlights importance of EU trade
EU ambassador Ana Beatriz Martins underlined that the EU's partnership with Namibia is about fostering long-term sustainable growth, creating jobs and building a resilient economy for the future.
Elizabeth Kheibes
The European Union (EU) and Namibia are set to deepen their trade and investment relations, as a new independent study commissioned by the EU Delegation in Namibia reveals encouraging developments in their partnership.

The findings were presented at a stakeholder workshop held in Windhoek recently.

The study, conducted by economist Robin Sherbourne, focuses on Namibia's trade data and foreign direct investment (FDI) flows between Namibia and the EU over the past decade.

The findings highlight the growing importance of the EU as Namibia’s largest export market, particularly in sectors like agriculture, fisheries, and minerals.

During her opening remarks, Ana Beatriz Martins, EU ambassador to Namibia, emphasised the significance of the economic partnership agreement (EPA) between the EU and Namibia, which has granted Namibia duty-free and quota-free access to the EU market since 2004.

“This will help us better understand the evolution of Namibia’s exports to Europe, trends by destination, sectors and investments,” she said of the study.

She further highlighted that such data strengthens policy analysis, identifies growth opportunities and supports economic planning.

“It can also underpin more efficient resource allocation, for instance, identifying where investment in infrastructure, such as ports and logistics, is most needed. This is particularly important within the context of the EPA and the strategic partnership on raw materials value chains and renewable hydrogen between the EU and Namibia."

Key investments

The study also outlines the key sectors that have seen significant investment from the EU, including mining, renewable energy, infrastructure, manufacturing and green hydrogen.

The EU revealed that the private sector in Europe has shown a strong commitment to Namibia’s economic diversification, particularly in the transition to green energy and industrialisation.

“Trade is not just about exchanging goods; it is an instrument for development,” Martins added. “Our partnership with Namibia is about fostering long-term sustainable growth, creating jobs and building a resilient economy for the future.”

Strategic ally

Martins also noted that future collaboration would focus on improving critical infrastructure, such as ports and logistics networks, which are key to facilitating trade and attracting further investment.

She further announced that the EU and Namibia are working together as part of the Global Gateway initiative, which aims to support the development of green technologies and renewable energy across the continent.

“The EU is not just a trading partner; it is a strategic ally in Namibia’s journey towards prosperity and sustainability,” she said.

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Namibian Sun 2025-02-14

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Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 10:40, High tide: 04:44, Low Tide: 22:43, High tide: 16:54 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:42, Low Tide: 22:41, High tide: 16:52 Walvis Bay: 18° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:41, Low Tide: 22:41, High tide: 16:51 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Currency: GBP to NAD 23.04 | EUR to NAD 19.24 | CNY to NAD 2.53 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 883.41/OZ DOWN -0.0163 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.96/BBP DOWN -0.0093 | Platinum US$ 1 001.40/OZ DOWN -0.0361 Sport results: Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Weather: Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 10:40, High tide: 04:44, Low Tide: 22:43, High tide: 16:54 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:42, Low Tide: 22:41, High tide: 16:52 Walvis Bay: 18° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:41, Low Tide: 22:41, High tide: 16:51 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Economic Indicators: Currency: GBP to NAD 23.04 | EUR to NAD 19.24 | CNY to NAD 2.53 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 883.41/OZ DOWN -0.0163 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.96/BBP DOWN -0.0093 | Platinum US$ 1 001.40/OZ DOWN -0.0361