Logistics sector takes stock

Staff Reporter


Namibia continues to build on ambitions for recognition as the number one logistics hub in southern Africa, as attested last week at the ninth logistics hub forum sponsored by the Walvis Bay Corridor Group (WBCG).
At an event held at the Hilton Hotel in Windhoek, Minister of Works and Transport Alpheus !Naruseb commended progress made in upgrading the country’s ports and roads, saying his ministry would next shift its attention to improving the railways.
“I believe determination and hard work will see our envisioned logistics nation become a reality,” !Naruseb said, citing a list of competitive advantages enjoyed by Namibia to this end.
These include the country’s favourable business environment, custom clearance with shorter duration than many other nations, low fraud risk and its modern financial sector.
These, the minister said, were essential for consideration in international logistics.
Other news shared at the latest WBCG forum was Zambia’s recent emergence as Namibia’s leading trade partner in terms of road traffic.
An appeal was made to the private sector to take up opportunities presented by the country’s improved standing in logistics circles.
“Although the road ahead is long and filled with many challenges, it holds multiple opportunities,” the minister said.

STAFF REPORTER

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Namibian Sun 2024-05-03

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Premier League: Chelsea 2 vs 0 Tottenham Hotspur European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town English Championship: Coventry City 1 vs 2 Ipswich Town Katima Mulilo: 12° | 32° Rundu: 13° | 32° Eenhana: 13° | 32° Oshakati: 15° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 13° | 29° Omaruru: 13° | 31° Windhoek: 12° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 21° Wind speed: 20km/h, Wind direction: SW, Low tide: 05:43, High tide: 12:02, Low Tide: 17:54, High tide: 00:23 Swakopmund: 16° | 19° Wind speed: 19km/h, Wind direction: W, Low tide: 05:41, High tide: 12:00, Low Tide: 17:52, High tide: 00:21 Walvis Bay: 16° | 25° Wind speed: 28km/h, Wind direction: W, Low tide: 05:41, High tide: 11:59, Low Tide: 17:52, High tide: 00:20 Rehoboth: 14° | 29° Mariental: 17° | 31° Keetmanshoop: 19° | 31° Aranos: 16° | 31° Lüderitz: 15° | 25° Ariamsvlei: 18° | 33° Oranjemund: 14° | 22° Luanda: 25° | 28° Gaborone: 14° | 27° Lubumbashi: 12° | 26° Mbabane: 12° | 26° Maseru: 11° | 25° Antananarivo: 13° | 24° Lilongwe: 13° | 27° Maputo: 19° | 28° Windhoek: 12° | 27° Cape Town: 15° | 19° Durban: 17° | 28° Johannesburg: 16° | 25° Dar es Salaam: 24° | 28° Lusaka: 15° | 27° Harare: 13° | 28° Currency: GBP to NAD 23.17 | EUR to NAD 19.91 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.62 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.3 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13322.85 Up +0.03% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI 9146.09 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 - 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