Global demand and drought impact GDP

The Bank of Namibia has released the Economic Outlook update for December 2024. The domestic economy is estimated to expand by 3.5 percent in 2024 and 4.0 percent in 2025. However, GDP growth is expected to slow in 2024 due to weaker global demand for minerals and drought-related impacts. Here is Josefina Oskar from the Bank of Namibia.

Written by: Tonata Kadhila

Bank of Namibia Business Drought Economic development Economic Forecast Economic Outlook GDP Global Demand Minerals Market

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Namibia and China strengthen ties during high-level talks

Swakopmund, Namibia – President Nangolo Mbumba hosted Chinese Foreign Minister Wang Yi in Swakopmund during a meeting aimed at reinforcing the long-standing partnership between the two nations. The talks focused on advancing Namibia and China’s Comprehensive Strategic Partnership and exploring new avenues for cooperation in key development areas. Speaking […]

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