Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Banner Left
Banner Right

Namibia urged to consider Brics market

TOP TABLE … From left: Salomo Hei, the managing director of High Economic Intelligence, and Bank Windhoek’s Jacquiline Pack and James Chapman. Photo: Contributed.

Economist and managing director of High Economic Intelligence, Salomo Hei, says the market space provided by the Brics group of countries (Brazil, Russia, India, China and South Africa) could be a conducive destination for Namibian products.

Brics aims to promote south-south trade cooperation.

Speaking at a stakeholder engagement on Friday, Hei said Namibia needs to improve trade facilitation, streamline customs procedures, and guarantee product quality and safety to realise the benefits of trading with Brics.

“The term was initially created as Bric, without South Africa, by Goldman Sachs economist Jim O’Neill in 2001. He believed that by 2050, the four Bric economies would dominate the global economy. In 2010, South Africa joined,” he said.

Speaking at the same event, Bank Windhoek executive officer of retail banking services and specialist finance, James Chapman, said the bank has withered the challenges faced in the past.

“We have almost seen the perfect storm in recent years – stagflation, a liquidity crunch, severe droughts, and a global pandemic. We do, however, believe we have emerged more robust each time,” he said.

“The heart of the Brics partnership lies in resilience and collaboration in facing challenges, adapting and prospering in an ever-changing world,” Chapman said.

“We take this role seriously and continuously invest in our people, the organisation, and the communities we operate in, because we are an integral part of Namibia and its economic landscape,” he said.

– email: matthew@namibian.com.na

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!

Latest News