economic expansion

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Business / Economics

Domestic Economy Grows to N$62.4 Billion in Q1 2025

The local economy expanded to N$62.4 billion in the first quarter of this year, up by N$4 billion compared to the same period last year. The Statistics Agency attributes the growth to a strong performance in the tertiary sector, which saw a 5.1% increase in real value added. This marks an improvement from the 4.8% growth recorded in Q1 2024, according to spokesperson Mirjam Shihepo.

today27 June, 2025

Local

Bank Windhoek Partners with Afreximbank on Trade Finance

    Bank Windhoek’s Chief Treasurer, Claire Hobbs, announced the bank’s excitement in partnering with Afreximbank for the Trade Finance Seminar and Workshop. “We look forward to learning, exchanging views, and ideas with subject matter experts, and exploring areas for collaboration as trade finance is a strategic focus for the Bank,” Hobbs stated. Bank Windhoek’s Head for Investment Banking, Gideon Vos, will be a panellist, discussing the theme: “Sustaining Financing […]

today6 November, 2024

Business / Economics

Primary industries drive Namibia’s Q1 GDP growth

The Namibia Statistics Agency has released Q1 GDP numbers, showing a 4.7% expansion compared to 5.3% in Q1 of 2023. Year-on-year GDP in real terms rose to N$38.9 billion from N$37.2 billion, reflecting a N$1.7 billion increase. Statistician-General Alex Shimuafeni attributes the growth mainly to a 5.1% increase in real value added in the Primary industries sector.

today20 June, 2024

Opinion Pieces

Building Trust in Business Transactions

    Opinion Piece by Thabo Molefe, Head of Africa Regions at TransUnion for consideration   Operating a business today is almost impossible without the insights and understanding provided by data. Data enables informed decision- making, problem solving, deeper business and customers insights, and enhances operational efficiency and agility. Data, in the context of a credit bureau, has become integral to the success of many financial services organisations across the […]

today15 April, 2024