Economic Growth

BIG Coalition Stresses Stronger Governance to Fight Poverty

Rinaani Musutua of the Basic Income Grant Coalition said that improving governance and accountability is key to addressing socio-economic challenges. She warned that without effective policy implementation and efficient public service delivery, poverty and inequality will continue to hinder development.

5 January, 2026

Business / Economics

Domestic Economy Expands 1.9 Percent in Q3

The domestic economy grew by 1.9 percent in the third quarter, slightly below last year’s 2.1 percent, driven mainly by a 4.1 percent rise in the services sector. Financial services and wholesale and retail trade supported growth, reflecting continued but moderate economic momentum. Economist Almandro Jansen commented on the latest figures.

23 December, 2025

Business / Economics

Q3 Economic Growth Slows to 1.9%

Economic growth for the third quarter slowed to 1.9 percent from 2.1 percent last year, driven by the services sector—including financial services, trade, education, and health—and supported by strong electricity and water output, as per the Statistics Agency. Agriculture and mining fell, investment declined, but household and government spending increased, while faster export growth narrowed the trade deficit, the NSA’s Mirjam Shihepo:

19 December, 2025

Business / Economics

Namibia Launches Convention Bureau

The Convention Bureau was launched in Windhoek to promote our country as a hub for meetings, incentives, conferences, and exhibitions. Coordinated by Environment and Tourism Minister Indileni Daniel and hosted under the Namibia Investment Promotion and Development Board, the bureau aims to attract investment, create jobs, and boost high-value tourism, according to NIPDB Senior Manager Catherine Shipushu.

17 December, 2025

Business / Economics

Namibia-Botswana Rail Project on Track

Namibia and Botswana are advancing the Trans-Kalahari Railway connecting Botswana’s inland network to Walvis Bay port. Feasibility studies are being finalised, investors identified, and joint oversight ensures the project stays on schedule, with Transport ministers urging faster progress. Julius Ngweda, the Ministry of Works and Transport’s Public Relations Officer, confirmed the update.

16 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 Inflation Inches Up to 3.6% in October

Domestic inflation rose slightly to 3.6% in October , up from 3.5% in September and 3.0% a year earlier, marking a modest rise after months of price stability. Monthly prices climbed 0.5%, ending two months of no change. The increase was mainly driven by higher housing and transport costs, while food inflation continued to ease. Simonis Storm economist, Almandro Jansen:

11 November, 2025

Business / Economics

Nandi-Ndaitwah Calls for Assertive Global Partnerships

President Netumbo Nandi-Ndaitwah urged citizens to approach international partnerships with confidence and strength, rejecting a “poverty mentality.” She made the remarks Thursday at the opening of the two-day Namibia Public-Private Forum, organized by the Namibia Investment Promotion and Development Board, as reported by NewsOnOne's Envaalde Matheus.

24 October, 2025

Business / Economics

Shafudah Announces Spending Adjustments in Mid-Term Budget Review

Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen:

22 October, 2025