News By Category Economics

Economy on life support

2 weeks ago - 08 April 2021 | Economics

Windhoek ∙ [email protected] The impact of the Covid-19 pandemic, coupled with the ongoing recession, sucked more than N$5 billion out of the economy last year.Preliminary data released by the Namibia Statistics Agency (NSA)...

The Dollar-Rand Peg: Time to Decouple?

3 weeks ago - 31 March 2021 | Economics

Windhoek • Carel Jordaan, RMB Trader Namibia’s sophisticated and liquid foreign exchange market plays a crucial role in its economy. Notwithstanding the country’s size, we have a very liquid market. Banks, like FirstRand...

Light at the end of the tunnel

3 weeks ago - 28 March 2021 | Economics

Africa is set to recover from its worst recession in half a century. Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in 2020, mainly due to Covid-19...

Public debt to raise to N$140bn

1 month - 18 March 2021 | Economics

Windhoek ∙ [email protected] Namibia’s public debt is expected to raise to N$140 billion - or 76.25% of the gross domestic product, finance minister Iipumbu Shiimi said yesterday during the tabling of the budget...

Arandis Council acquires stake in charcoal company

2 months ago - 13 February 2021 | Economics

Arandis The Arandis Town Council recently acquired a 10 percent stake in Unoo Investments CC, a charcoal processing plant established in January 2020.Unoo Investments is a Namibian-owned company that employs 53 people of which...

Category

New strategy for economic trajectory

2 months ago - 09 February 2021 | Economics

As Namibia advances towards becoming an important transit route for cargo into southern Africa, the country continues to develop and transform itself into a logistics...

Thousands resort to bribery

2 months ago - 06 February 2021 | Economics

Windhoek ∙ [email protected] Namibia is among the top five countries in Africa where citizens believe corruption is on the increase.74% of Namibians surveyed in...

Namibia’s current account deteriorating

3 months ago - 15 January 2021 | Economics

Windhoek ∙ [email protected] A recovery in imports following the easing of local and global Covid-19 restrictions, as well as a bounce-back in oil prices...

Reshaping realities

5 months ago - 25 October 2020 | Economics

The Covid-19 pandemic has undoubtedly eroded the overall improvement in risk-reward scores seen across Africa in recent years, but this should not deter investors. Africa’s...

Covid’s real impact on the Namibian economy

5 months ago - 23 October 2020 | Economics

The Covid-19 pandemic is a crisis like no other, and there was a substantial degree of uncertainty around its impact on lives and livelihoods. “Governments...

Property prices: Swakop, Walvis under pressure

2 years ago - 24 December 2018 | Economics

Jo-Mare Duddy - Uncertainties in the uranium, fishing and tourism sectors are pushing average house prices at the coast down. Releasing the FNB House Price...

Trade by sea surges in past quarter

2 years ago - 24 December 2018 | Economics

Jo-Maré Duddy - The key role assigned to Walvis Bay in Namibia’s aspirations to become a logistics hub in the Southern African region is evident...

A million Namibians are broke

2 years ago - 20 August 2018 | Economics

Jo-Maré DuddyFor Agnes B*, like the rest of the nearly one million Namibians now part of a new official statistic, it is tough to keep...

Millions roll in for Windhoek

2 years ago - 18 August 2018 | Economics

Ronelle Rademeyer Apart from the prestige of hosting the Southern African Development Community (SADC) summit in Windhoek, the capital will receive a much-needed cash...

Husab critical for economy

3 years ago - 29 March 2018 | Economics

Adolf KaureSTANLIB Namibia held a client engagement at the Strand Hotel on Tuesday to point out key signs that will drive markets in 2018 and...

Inequality plagues MICs

3 years ago - 23 February 2018 | Economics

Adolf KaureAn experience sharing forum for the middle income countries (MICs) Botswana, Lesotho, Namibia, South Africa and Swaziland (BLNSS) concluded at a local hotel in...

Corridor volumes destined for Zambia...

3 years ago - 27 October 2017 | Economics

Contributed Transit volumes reached a new high of more than 40 000 tonnes for September 2017 while import and export volumes for the...

Namibian economy on the up

3 years ago - 31 August 2017 | Economics

Finance minister Calle Schlettwein says that against the backdrop of a severe drought impacting on the agricultural sector and all wet industries, subdued commodity prices...