Namibia Roundup: Oil and dollar fluctuations, snowfall in Nambia, maize seed imports

Economic impact of oil and dollar fluctuations on Namibia

Namibia's economy is significantly being affected by rising oil prices and a strengthening US dollar, leading to increased imported inflation and widened trade deficits. Simonis Storm Securities estimates that a 10% increase in Brent crude prices can raise Namibia's inflation by 0.8 to 1.2 percentage points, depending on currency stability. The Bank of Namibia faces challenges in balancing inflation control and economic growth amidst external shocks.

Namibia lifts ban on South African maize seed imports

Namibia's Ministry of Agriculture has lifted a temporary ban on maize seed imports from South Africa, initially imposed due to concerns over Goss’s Wilt. The ministry urges compliance with updated phytosanitary requirements to prevent the introduction of harmful pathogens, emphasising the importance of vigilance among stakeholders.

Upcoming Global African Hydrogen Summit in Namibia

The second Global African Hydrogen Summit is set to take place in Windhoek from 9 to 11 September 2025, under the theme ‘Ambition in Action: Fuelling Africa’s Green Industrial Revolution’. As reported, the event aims to gather influential leaders to promote green hydrogen projects and secure strategic investments, building on the success of last year's inaugural summit.

Local authorities in Namibia support alternative building materials

Local authority leaders in Namibia affirm their openness towards alternative building materials, contingent on safety and health compliance. Challenges remain regarding bank financing for these options, although precast slabs are gaining traction. As reported, some towns have successfully piloted the use of clay houses as a low-cost housing solution, indicating a potential shift in building practices.

Snowfall in Namibia: Impending cold front for Pretoria

Recent reports reveal that snow is currently falling in Namibia as a powerful cold front approaches South Africa, expected to affect Pretoria. The Eastern Cape will experience severe cold with snowfall and damaging winds from 25 June 2025. As residents brace for the chill, the South African Weather Service has issued warnings regarding potential disruptions to agriculture and infrastructure.