Economics

Economy loses billions due to shipping constraints

5 days ago - 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 week ago - 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 week ago - 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

2 weeks ago - 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 op Swakopmund. Die instelling van 'n nasionale...

Construction activities picking at the coast

3 weeks ago - 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 basis compared to a decline of 23.1% registered in May...

Bright business prospects in the mining sector

3 weeks ago - 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

1 month - 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

1 month - 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

2 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’

2 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...

Sea transport key in boosting Namibia’s trade

2 months ago - 10 July 2021 | Economics

Windhoek ∙ Phillepus Uusiku For the month of May 2021, sea transport was the main driver of total goods transported, with rail transport coming in...

Consumers making peace with food prices

2 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...

Economics

Savings investment gap deteriorating

3 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

3 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

4 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

4 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...

Economy on life support

5 months 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...

The Dollar-Rand Peg: Time to...

5 months 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...

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