Namibia’s July Trade Data Shows N$1 Billion Deficit Amid Strong Mineral Exports and Rising Re-exports According to the Namibia Statistics Agency (NSA) in its latest International Merchandise Trade Bulletin, Namibia recorded intra-African imports of N$6.1 billion, resulting in a trade deficit of N$1 billion. Trade Overview Intra-African exports: 40.7% of total exports Imports from Africa: 48.7% of total imports Main export destinations: South Africa, Botswana, Zambia, Democratic Republic of Congo
Author: Constance Makungu
EU–US Delegation Presents $6 Billion Lobito Corridor Study in Kinshasa
Lobito Corridor Project: EU and US Experts Present $6B Pre-Feasibility Study to Boost Africa Trade A joint delegation of experts from the European Union (EU) and the United States (US) presented the conclusions of pre-feasibility studies for the Lobito Corridor project, an initiative estimated at over $6 billion and financed by the US. The meeting, chaired by Jean-Pierre Bemba, Deputy Prime Minister and Minister of Transport of the Democratic Republic
Bestfly Expands Fleet with Gulfstream G450 and G550 Long-Range Jets in Angola
Bestfly Boosts Global Executive Aviation Fleet with New Gulfstream G450 and G550 Jets Luanda — Bestfly, a leading name in the executive aviation sector, has announced the expansion of its fleet with the addition of two new long-range aircraft: a Gulfstream G450 (P4-BFX) and a Gulfstream G550 (P4-BFRS). Both jets are registered in Aruba under the “P4” registration prefix. The acquisitions mark a major milestone for the company, following a
Massive Port of Hamburg Warehouse Fire Extinguished After Explosions
Port of Hamburg Fire Extinguished After Explosions Force Highway Closure Hamburg, Germany — Authorities confirmed on Tuesday afternoon that the massive fire which broke out at the Port of Hamburg on Monday has been fully extinguished, following a large-scale emergency response. The blaze began on August 25 inside a warehouse on Müggenburger Straße in the Veddel district after a vehicle caught fire. While speculation continues over whether an electric vehicle
One Air Expands Cargo Fleet with First Boeing 777 Freighter Delivery
UK’s One Air Adds First Boeing 777 Freighter to Boost Asia and Middle East Cargo Operations British cargo airline One Air has taken delivery of its first Boeing 777 Freighter at Boeing’s Everett facility in the United States, marking a major milestone in its fleet expansion and strengthening its long-haul cargo operations. A subsidiary of AIR ONE International Holdings, One Air operates out of London Heathrow (LHR) and currently serves
Global Air Cargo Demand Rises 5.5% in July Despite U.S. Trade Policy Uncertainty
IATA Reports 5.5% Growth in Global Air Cargo Demand for July 2025 Global air cargo demand increased by 5.5% in July 2025, according to the latest figures from the International Air Transport Association (IATA), marking a strong month for the sector despite growing uncertainty over U.S. trade policy. Total demand, measured in cargo tonne-kilometres (CTKs), rose 5.5% compared to July 2024, while available capacity increased 3.9%. IATA Director General Willie
Transnet Narrows Annual Loss to R1.9 Billion as Rail Volumes Improve
Transnet Cuts Losses to R1.9 Billion on Higher Rail Volumes and Revenue Growth State-owned logistics giant Transnet has reported a significantly reduced loss of R1.9 billion for the financial year ending March 2025, compared to a R7.3 billion loss in the previous year. The debt-laden group has long battled to provide reliable freight rail and port services, hampered by equipment shortages and a backlog of critical maintenance. These shortcomings have
Transnet Moves to Open Rail Network as Private Operators Prepare to Join
Transnet Opens Rail Network: LeaseCo Plan to Fast-Track Private Train Operators in South Africa Transnet CEO Michelle Phillips says negotiations are advancing with the first 11 private train operating companies (TOCs) approved to access the state-owned rail network. However, the companies have indicated it could take 12 to 36 months before operations begin. Speaking at Transnet’s 2024/25 results presentation, Phillips said access to rolling stock remains a key barrier for
Mozambique Creates State-Owned Consortium to Rescue National Airline LAM
Mozambique Sets Up Special-Purpose Vehicle for $130M Rescue of National Airline LAM Mozambique will establish a special-purpose vehicle (SPV) to enable a consortium of state-owned companies to acquire shares in its struggling flag carrier, Linhas Aéreas de Moçambique (LAM), the cabinet announced in a statement. The new entity will be jointly owned by hydropower producer Hidroeléctrica de Cahora Bassa, railway operator Caminhos de Ferro de Moçambique, and insurer Empresa Moçambicana
US Threatens Trade Penalties Over UN-Backed Shipping Emissions Deal
US Warns of Tariffs and Port Levies Against Nations Backing UN Shipping Emissions Pact The United States has warned countries to reject a United Nations-backed agreement to cut marine fuel emissions, threatening to impose tariffs, visa restrictions, and port levies on those who support the accord, according to US and European officials. The Trump administration, which has frequently used tariffs as leverage in trade disputes, is seeking to expand Washington’s