{"id":79240,"date":"2024-10-27T15:15:00","date_gmt":"2024-10-27T15:15:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent"},"modified":"2024-10-27T15:15:00","modified_gmt":"2024-10-27T15:15:00","slug":"namibia-is-second-best-country-to-invest-in-on-continent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent","title":{"rendered":"Namibia is second-best country to invest in on continent"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span><b>Namibia has maintained its second position in overall attractiveness for trade in Africa.<\/b><\/p>\n<p>This is according to Standard Bank\u2019s fourth edition of the Africa Trade Barometer (ATB), released this week.<\/p>\n<p>The ATB trade attractiveness rankings measure trade standings among 10 African nations.<\/p>\n<p>\u201cSouth Africa, Namibia and Angola retained their rankings, at positions one, two and 10, respectively,\u201d according to the report.<\/p>\n<p>The 10 countries covered by the ATB are African Continental Free Trade Area (AfCFTA) agreement signatory nations, representing 66% of Africa\u2019s gross domestic product (GDP) and 45% of the continent\u2019s population.<\/p>\n<p>Tanzania was ranked fourth, an increase from its eighth position last year.<\/p>\n<p>\u201cIts [Tanzania\u2019s] leap in the rankings was boosted by the country\u2019s substantial investments in infrastructure and better access to finance, enabling businesses to engage more actively in cross-border trade.<\/p>\n<p>According to the report, Ghana experienced a decline, moving from third to seventh position.<\/p>\n<p>Ghana is one of the most stable and democratic countries in West Africa.<\/p>\n<p>\u201cIts decline in the trade rankings is mainly due to a worsening macroeconomic environment and falling trade confidence. As economic volatility intensified in Ghana, its ability to facilitate seamless trade came under strain,\u201d notes the report.<\/p>\n<p>The report further states that this made it harder for businesses to access foreign currency, especially United States dollars, which is required to pay for imports and engage in cross-border activities for small and medium-sized enterprises.<\/p>\n<p>Other countries included are Mozambique (4 to 3), Nigeria (6 to 5), Zambia (9 to 8), Uganda (7 to 9) and Kenya (5 to 6).<\/p>\n<p>Philip Myburgh, group head of trade at Standard Bank Business and Commercial Banking, says the report helps African nations move towards integration in light of the AfCFTA.<\/p>\n<p>\u201cAs Africa moves towards greater integration under the AfCFTA, the SB ATB offers critical insights into the opportunities and challenges faced by African businesses and stakeholders in facilitating trade,\u201d said Myburgh.<\/p>\n<p>He added that the shifts detailed in the report further reflect changing macroeconomic conditions, infrastructure challenges and access to finance.<\/p>\n<p>The ATB covers seven broad thematic categories of data that impact on Africa\u2019s trade, and upon which the barometer scores each country.<\/p>\n<p>These categories are: trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance and economy, as well as traders\u2019 financial behaviour.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Namibia has maintained its second position in overall attractiveness for trade in Africa. This is according to Standard Bank\u2019s fourth edition of the Africa Trade Barometer (ATB), released this week. The ATB trade attractiveness rankings measure trade standings among 10 African nations. \u201cSouth Africa, Namibia and Angola retained their rankings, at positions [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":79239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-79240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Namibia is second-best country to invest in on continent - Namibia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia is second-best country to invest in on continent\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Namibia. Namibia has maintained its second position in overall attractiveness for trade in Africa. This is according to Standard Bank\u2019s fourth edition of the Africa Trade Barometer (ATB), released this week. The ATB trade attractiveness rankings measure trade standings among 10 African nations. \u201cSouth Africa, Namibia and Angola retained their rankings, at positions [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-27T15:15:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia is second-best country to invest in on continent\",\"datePublished\":\"2024-10-27T15:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/10\/Hazrati1730029528.226682.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent\",\"name\":\"Namibia is second-best country to invest in on continent - 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The ATB trade attractiveness rankings measure trade standings among 10 African nations. \u201cSouth Africa, Namibia and Angola retained their rankings, at positions [&hellip;]","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-10-27T15:15:00+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Namibia is second-best country to invest in on continent","datePublished":"2024-10-27T15:15:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent"},"wordCount":391,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/10\/Hazrati1730029528.226682.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-is-second-best-country-to-invest-in-on-continent","name":"Namibia is second-best country to invest in on continent - 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