Economics

Construction sector recovery to take a while

22 hours ago | Economics

Windhoek ∙ [email protected] For the past five years, the construction sector continued with a downward trend. The sector recorded negative growth rates of 41.1%, 23.1%,10.7%, 4.4% and 9.8% in 2016, 2017, 2018, 2019 and...

National Consumer Protection Policy launched

3 weeks ago - 05 October 2021 | Economics

Windhoek ∙ [email protected] The National Consumer Protection Policy 2020-2025 and the Namibia GS1 License was launched on Wednesday in Windhoek.According to the Minister of Industrialisation, Trade and SME Development, Lucia Iipumbu, this is a...

Economy loses billions due to shipping constraints

1 month - 21 September 2021 | Economics

Windhoek ∙ [email protected] For the month July 2021, the Namibian economy lost about N$4.6 billion in potential export earnings. Statistics released by the Namibia Statistics Agency (NSA) indicated that the value of exports...

Sea freight grapples with container shortage

1 month - 18 September 2021 | Economics

Benoit Pleegrin Global sea freight was severely disrupted by the Covid crisis but is now recovering and prompting a boom new container ship orders as the industry grapples with a shortage of vessels.Shipping companies,...

New global opportunities fund for locals

1 month - 14 September 2021 | Economics

Arysteq Asset Management recently launched a first of its kind global equity fund for Namibia.The Arysteq Global Opportunities Fund was established late in 2020 and obtained approval from the Namibia Financial Institutions Supervisory Authority...

Minimumloon vandag in die kollig

1 month - 07 September 2021 | Economics

Swakopmund Die ministerie van arbeid voer vandag samesprekings oor die voorgestelde nasionale minimumloon in die ouditorium van die ministerie van visserye en mariene hulpbronne...

Construction activities picking at the coast

1 month - 02 September 2021 | Economics

Windhoek ∙ [email protected] The composite index of building plans completed (Windhoek, Swakopmund, Walvis Bay and Ongwediva) for June 2021 increased by 10.0% on monthly...

Bright business prospects in the mining sector

1 month - 31 August 2021 | Economics

Windhoek ∙ [email protected] In 2020, it was only the mining and quarrying sector that registered positive growth in terms of investment increasing by 15.9%...

Rail cargo transportation slipped into a decline

2 months ago - 10 August 2021 | Economics

Windhoek ∙ [email protected] During June 2021, Namibia transported 975 708 tonnes of cargo through rail, road, air and sea, compared to 810 940 tonnes and...

Namibia’s construction sector still on mute

2 months ago - 31 July 2021 | Economics

Windhoek ∙ [email protected] delivery was one of the challenges pointed out in the recently released First National Bank (FNB) residential property report.According to the report,...

Namibia's mining environment remains favourable

3 months ago - 27 July 2021 | Economics

Windhoek ∙ [email protected] Diamond, zinc and uranium production were the main drivers of mining output for the month of May 2021.According to the Namibia...

‘Namibia’s rental market in a coma’

3 months ago - 13 July 2021 | Economics

Windhoek ∙ Phillepus Uusiku As the domestic economy remain in a recessionary state, which appears to have been prolonged by the third wave of...

Economics

Consumers making peace with food...

3 months ago - 03 July 2021 | Economics

Windhoek ∙ Phillepus UusikuOverall inflation rose to 2.8% during the first quarter of 2021 from 2.3% during the corresponding quarter of 2020.According to the Bank...

More billions spent on foreign...

4 months ago - 07 June 2021 | Economics

Windhoek ∙ [email protected] Due to Covid-19 trade restrictions last year, spending on foreign goods was relatively less. With the easing of restrictions, a significant...

Savings investment gap deteriorating

4 months ago - 03 June 2021 | Economics

Windhoek ∙ [email protected] For the past 7 years, except for 2020, Gross Fixed Capital Formation (GFCF) or investment was consistently higher than gross savings.According...

New targets for vaccinating poorest

4 months ago - 29 May 2021 | Economics

Stephanie Nebehay The Covid-19 pandemic is being perpetuated by a "scandalous inequity" in vaccine distribution, the head of the World Health Organisation (WHO) said...

Meat prices keep escalating

5 months ago - 21 May 2021 | Economics

Windhoek ∙ [email protected] For the past five months, meat inflation which is one of Namibia’s staple food averaged 12.56%. On an annual basis, meat...

Price monster guzzles fuel

5 months ago - 18 May 2021 | Economics

Windhoek ∙ [email protected] Rising fuel prices since the beginning of the year have taken its toll on annual transport inflation, which jumped from...

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