insert_link 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. today5 December, 2025
insert_link 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. today4 December, 2025
insert_link 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 […] today1 December, 2025
insert_link 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. today1 December, 2025
insert_link 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 […] today21 November, 2025
insert_link 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 […] today19 November, 2025
insert_link 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 […] today19 November, 2025
insert_link Business / Economics TVET Policy Progress Reviewed in Swakopmund The Directorate of TVET under the Ministry of Education, Innovation, Youth, Sports, Arts and Culture is hosting an inception meeting in Swakopmund to evaluate the implementation of the 2021 National TVET Policy. Deputy Director for TVET, Ndakolute Abraham, provided insights on the meeting, highlighting its goal of ensuring the sector equips youth with future-ready skills while promoting growth, innovation, and sustainable development. today19 November, 2025
insert_link Business / Economics Global Cloudflare Outage Hits Major Websites Several major platforms, including X, ChatGPT, and the Namibian Stock Exchange, went offline yesterday due to a worldwide disruption at Cloudflare. Downdetector was also briefly affected, while Local Digital Expert Nrupesh Soni weighed in on the crucial role Cloudflare plays in managing and securing web traffic. today19 November, 2025
