Local analyst examines economic outlook amid rate cut predictions

Local analyst examines economic outlook amid rate cut predictions

South Africa's Standard Bank chief economist Goolam Ballim expects four 25 basis point cuts in 2024 starting in the second quarter, and taking the repo rate to 7.25% by year-end. He forecasts economic growth to rebound moderately in 2024 to 1.2%. We asked local Research Analyst at IJG Research, Angelique Bock if she agrees with him.

February 13, 2024 18

Business / Economics

Bank of Namibia expected to cut repo rate by 25bps as inflation cooling

By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […]

February 13, 2024 39

Business / Economics

Building Workers Pension Fund optimistic on construction sector prospects

The Namibia Building Workers Pension Fund is optimistic about the year ahead. The principal officer of the NBWPF, Enwich Kazondu, says several projects in the pipeline will impact the construction sector positively. Although, not all will materialise at once, at least the prospects of what lies ahead, create optimism, which is always important from a macroeconomic perspective. Here is Enwich Kazondu.

January 22, 2024 53

Business / Economics

Salomo Hei of High Economic Intelligence tackles Davos talks, and their impact on Namibia

The World Economic Forum's Annual Meeting takes place in Davos from today until 19 January 2024. Key sessions and reports at Davos will look at how climate change affects health, how to close the women's health gap, and how digital tools can transform healthcare. We asked the Managing Director of High Economic Intelligence, Salomo Hei whether talks in Davos would affect middle-income countries like Namibia.

January 15, 2024 46

Business / Economics

The Year of Expectations: Converting uncertainty into opportunity

By Josef Kefas Sheehama This time of year is always a welcome opportunity to reflect on what is most important. His Excellency Dr Hage G. Geingob, the President of the Republic of Namibia has declared 2024 as “The Year of Expectations”. As Namibia approaches the general elections in 2024, there is immense pressure on political leaders to tackle these economic challenges and implement policies that will deliver an inclusive […]

January 11, 2024 12

Business / Economics

United Kingdom inflation rates fall

Inflation in the UK has dropped to under 4% - the lowest it's been in more than two years. UK Chancellor (finance minister) Jeremey Hunt says he's cautiously optimistic.

December 20, 2023 12

Opinion Pieces

China’s high-quality development presents new opportunities for Namibia’s modernization

By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […]

December 15, 2023 38

World

Beijing hits back at Moody’s gloomier outlook

Beijing says it was "unwarranted and flawed" for the credit rating agency Moody's to give a gloomier outlook on China. Here's Andrew Wood in Hong Kong.

December 6, 2023 14