28
Jan
Chamwe Kaira Namibian Ports Authority (Namport) says changing economic conditions among regional trading partners present both opportunities and competitive pressure for Namibia’s ports as countries adjust to slower global growth, infrastructure limits and commodity price swings. Namport said South Africa’s economy slowed to 0.5% growth in 2024, weighed down by structural challenges, drought, weak performance by state-owned enterprises and ongoing transport and logistics constraints. While improvements in electricity supply offered some relief, growth prospects remain limited, with GDP expected to rise by 0.7% in 2025 and average 1.2% in 2026 and 2027. Despite gradual improvements in South Africa’s logistics network,…
