Business / Economics

Inflation Slows as November Shows Price Stability

Headline inflation eased to 3.4% in November from 3.6% in October, approaching the 3.0% recorded a year ago. Month-on-month prices remained unchanged following a 0.5% rise in October due to temporary utility hikes. For the year, inflation averages 3.9%, higher than 3.3% in 2024, driven by cost pressures in housing, utilities, and food. Economist Almandro Jansen of Simonis Storm comments on the trends.

9 December, 2025

Business / Economics

MTC Posts Strong 2025 Revenue Growth

MTC reported robust results for 2025, with revenue up 14.4% to N$3.7 billion, driven by demand for data, devices, and enterprise services. Prepaid users grew 4.3%, ARPU rose 14.6%, and enterprise revenue jumped 38.3%. The company rolled out over 1,600 km of fibre and plans further expansion in 2026. Roaming revenue improved thanks to business travel and tourism recovery, while handset and accessory sales increased 16%. MTC spokesperson Erasmus Nekundi:

9 December, 2025

Business / Economics

Inflation Inches Up to 3.4 Percent

The Namibia Statistics Agency’s Mirjam Shihepo reports that headline inflation in November 2025 rose to 3.4 percent from 3 percent in November 2024. Monthly inflation stayed at 0 percent, with Zone 1 recording the lowest annual rate at 3.3 percent, while Zone 2 and Zone 3 both registered 3.4 percent. Shihepo has more.

5 December, 2025

Business / Economics

Repo Rate Held at 6.50% to Support Stability

The Bank of Namibia has kept the Repo rate unchanged at 6.50% following its final MPC meeting of the year earlier this week. The committee said the decision helps maintain the Namibia Dollar–Rand peg while supporting the domestic economy. Moderate economic growth, contained inflation, slower credit extension, a narrower trade deficit, and sufficient international reserves all shaped the decision.

4 December, 2025

Business / Economics

Domestic Growth Slows Amid Manufacturing and Mining Weakness

The domestic economy is forecast to slow to 3.0% for this year before recovering to 3.9% in 2026, hindered by a 4.6% contraction in manufacturing and a 0.1% decline in primary industries. Persistent drought, reduced livestock and diamond output, and falling SACU and diamond revenues pose additional risks, according to Josefina Oskar from the Bank of Namibia. Adding that, on the global front, growth is slowing: advanced economies remain stagnant at 1.6%, emerging markets show slight moderation, while Sub-Saharan […]

1 December, 2025

Business / Economics

December Fuel Prices Set to Rise

The Ministry of Industries, Mines and Energy has confirmed a 21-cent-per-litre increase for petrol and both diesel types starting later this week. In Walvis Bay, petrol will cost N$20.58 per litre, 50ppm diesel N$20.13, and 10ppm diesel N$20.23. Diesel under-recoveries will be absorbed by the National Energy Fund. The Ministry’s Anna Salkeus stressed the importance of balancing cost recovery with consumer protection while ensuring steady fuel supply, wishing residents a safe and prosperous holiday season.

1 December, 2025

Business / Economics

Domestic Car Sales Slow in October

The domestic vehicle market softened at the start of the fourth quarter, with 1,267 units sold in October — a 2.8 percent drop from September. The decline follows a modest rebound in September, when sales climbed by just over 3 percent. Despite the monthly dip, overall momentum remains positive. Year-on-year, domestic vehicle sales rose 10.7 percent, sustaining the recovery that began after the sharp fall in March. Simonis Storm economist […]

21 November, 2025

Business / Economics

Bank of Namibia Governor Johannes !Gawaxab to step down at year-end

The Bank of Namibia has announced that Governor Johannes !Gawaxab will step down on 31 December 2025, concluding more than five years in office. Appointed initially in June 2020 and later for a full five-year term, Gawaxab steered the bank through a turbulent period for the economy. Under his leadership, the bank executed a sharp 400-basis-point increase in interest rates during the 2022–2023 cycle and successfully managed inflation averaging 3.6 […]

19 November, 2025

Business / Economics

Government denies claims of plan to buy stake in De Beers

De Beers store (Photo by: Financial Times) The government has rejected reports suggesting that the Cabinet approved a plan for the country to acquire a stake in the De Beers Group. The rumoured transaction claimed Namibia would purchase a 10–15% share in the global diamond company, valued at roughly N$14.5 billion, together with Botswana and Angola. In a statement, the Ministry of Industrialisation, Mines and Energy clarified that the Cabinet […]

19 November, 2025