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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic Forecast

8 Results / Page 1 of 1

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Africa

World Bank Lowers Sub-Saharan Africa Growth Forecast to 3% Amid Sudan Crisis

The World Bank announced on Monday that it has reduced its economic growth forecast for sub-Saharan Africa this year to 3%, down from 3.4%, largely due to the impact of Sudan's civil war on its economy. Reuters says, nevertheless, growth is anticipated to exceed last year's 2.4% rate, driven by increased private consumption and investment, according to the bank's latest regional economic outlook report, Africa's Pulse. Andrew Dabalen, the World […]

todayOctober 15, 2024 9

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Business / Economics

FNB Namibia expects inflation to reach 4.7% in September

FNB Namibia expects headline inflation to increase to 4.7% year-on-year in September from 4.4% in August, mainly driven by rising food and non-alcoholic beverage prices because of the ongoing drought, while transport costs continue to decline. Core inflation is expected to slightly decrease from 3.8% in August to 3.7% in September. This small drop suggests that, even though overall inflation might temporarily rise, inflationary pressures in the economy are gradually […]

todayOctober 2, 2024 31

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Business / Economics

IMF projects Namibia’s GDP growth to slow to 3.6% in 2024

The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture.

todayJuly 17, 2024 34

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Science & Technology

South Africa’s internet space is getting hotter

    By Bonface Orucho, bird story agency   A surge in internet connectivity and speeds will amplify opportunities within South Africa's already flourishing digital economy, executives in the sector believe. Africa-focused news platform Innovation Village reported the 2Africa subsea cable project is expected to be operational in the Rainbow Nation in 2024. “We expect 2Africa West and 2Africa East to be live by the end of the year,” David […]

todayFebruary 6, 2024 29

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Africa

Somalia’s rekindled aviation industry

  By Conrad Onyango, via bird story agency   The recent opening of Somalia’s first plane maintenance, repair and overhaul (MRO) facility is the latest indicator of the country’s efforts to revive a civil aviation industry that collapsed more than 30 years ago. Christened the Blue Hangar, the facility in Mogadishu is a key step towards an independent industry, according to local officials, as it offers local flight maintenance capabilities. […]

todayFebruary 6, 2024 36

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Business / Economics

GDP growth to slowdown to 3.3% in 2023

FNB Namibia Economist, Ruusa Nandago has revealed that the country’s Gross Domestic Product growth is expected to moderate to 3.3% in 2023 and 2.8% in 2024, from 4.6% in 2022, mainly due to the dry weather conditions which will be compounded by a slowdown in consumption. Nandago explains how inflationary pressures have impacted consumers.

todayNovember 27, 2023 34

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Business / Economics

South Africa’s consumer inflation increases to 5.9-percent in October

South Africa’s annual consumer inflation increased for a third consecutive month in October, bordering on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5.9 percent, up from 5.4 percent in September. The consensus among economists before the inflation number was that the Reserve Bank will keep rates on hold when it announces its decision tomorrow.

todayNovember 22, 2023 6

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