News By Category Economics

Namibians lean hard on loan sharks

3 days ago - 24 January 2022 | Economics

Windhoek Jo-Maré Duddy In 2016, the first year of the ongoing recession, the average payday lender needed N$1 429 from a registered microlender to make ends meet each month. In the second quarter...

MIT Industry Growth Programme

3 days ago - 24 January 2022 | Economics

Windhoek ∙ Elijah Mukubonda The Industry Growth Programme (IGP) is part of the ongoing efforts to reinforce Namibia’s economic growth, to reduce income inequality and to increase employment for its citizens.The strategy forms part...

Developing countries could face rough times

5 days ago - 23 January 2022 | Economics

Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world economic growth slows because of the Omicron variant of Covid-19, the International Monetary Fund (IMF)...

N$8.8 billion gained in export earnings

1 week ago - 21 January 2022 | Economics

Windhoek ∙ [email protected] Namibia gained about N$8.8 billion in exports earnings in November 2021, an increase of 1.3% when compared to N$8.7 billion recorded in October 2021. When compared to November 2020, exports...

Economic agents ‘reluctant’ on credit uptake

3 weeks ago - 04 January 2022 | Economics

Windhoek ∙ [email protected] Statistics released by the Bank of Namibia (BoN) indicated that private sector credit extension (PSCE) growth slowed to 1.7% year-on-year in November 2021 from 2.7% year-on-year in October 2021.Overall credit...

Category

Breather for indebted consumer

4 weeks ago - 30 December 2021 | Economics

Windhoek • Jo-Maré Duddy Debt-ridden consumers, who owe commercial banks about N$62 billion, breathed a sigh of relief when the Bank of Namibia (BoN) said...

Trade misinvoicing: Namibia loses N$3.9bn annually

1 month - 28 December 2021 | Economics

Windhoek ∙ Ogone Tlhage Namibia lost US$152 million in trade invoicing imbalances against the world’s 32 biggest economies in 2018, and on average US$251...

Consumers are shark bait

1 month - 16 December 2021 | Economics

Windhoek • Jo-Maré Duddy Year-on-year (y/y), total debt owed to microlenders skyrocketed by 15.1%. In comparison, credit extended to the household sector by commercial banks...

Steady growth in house prices

1 month - 14 December 2021 | Economics

Staff Reporter The Namibian housing market appears to be at an inflection point, where pent-up demand and low interest rates are expected...

Investors spooked

1 month - 02 December 2021 | Economics

Windhoek • Jo-Maré Duddy If government gets its way, the Investment Promotion and Facilitation Bill will become law this week, giving the trade...

Rental index growth flatlines

1 month - 01 December 2021 | Economics

Although rental markets across most advanced economies are on a path of recovery due to the resumption of “normal life”, improved pace of Covid-19 vaccination...

Renewable energy transition requires investors

1 month - 30 November 2021 | Economics

Windhoek • Phillepus Uusiku Namibia has the world’s second highest solar irradiation regime, high wind power potential and potential for geothermal and bioenergy developments....

Significant improvements in the mining...

2 months ago - 23 November 2021 | Economics

Windhoek • [email protected] The local mining industry underwent significant amount of investment last year in order to expand operations, implement care and maintenance and...

Prices of building materials skyrocketing

2 months ago - 23 November 2021 | Economics

Windhoek • [email protected] Supply disruptions caused by the Covid-19 pandemic has resulted in prices on building materials escalating significantly. The materials that recorded the...

MTC struggles to make the...

2 months ago - 19 November 2021 | Economics

Windhoek • [email protected] Despite pumping more than N$15 million into the broad-based marketing of its initial public offering (IPO), MTC battled to make the...

SACU a key revenue stream...

2 months ago - 15 November 2021 | Economics

Windhoek ∙ [email protected] Finance minister Iipumbu Shiimi tabled the mid-term budget review earlier this month and proposed several policy reforms. Institutions have been analysing...

The cost of living slightly...

2 months ago - 13 November 2021 | Economics

Windhoek ∙ [email protected] there being global supply constraints of goods, which is likely to fuel inflation, demand-pull inflationary pressures remain weak in Namibia due to...

Sea cargo pushed volumes in...

2 months ago - 11 November 2021 | Economics

Windhoek ∙ [email protected] transported through sea mainly dominated by consignments of frozen fish, zinc concentrate and imports of goods mainly of petroleum oil, sulphuric acid...