economic recovery

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 […]

21 November, 2025

Business / Economics

Credit Growth Holds Steady at 5.7%

Private sector credit growth stayed unchanged at 5.7% year-on-year in July 2025, the fastest pace since early 2020. Simonis Storm analyst Thazwill Thompson says this stability points to a consolidating credit cycle, with corporate demand easing while household uptake shows modest recovery.

4 September, 2025

Namibia

President Nandi-Ndaitwah Launches Sixth National Development Plan

President Netumbo Nandi-Ndaitwah marked her first three months in office with a national address reflecting on achievements and challenges. She officially launched the Sixth National Development Plan, aimed at economic recovery, inclusivity, and resilience ahead of the Vision 2030 deadline. Dr. Ndumba Kamwanyah is a Political analyst:

22 July, 2025

Business / Economics

NAMCOR Works to Overcome Financial Losses and Governance Issues

NAMCOR says the company is addressing serious financial challenges and governance failures, particularly in its trading division. Spokesperson Paulo Coelho says that despite revenue growth, losses reached N$1.3 billion in 2023, leading to a government bailout and ongoing efforts to strengthen controls, reduce debt, and improve transparency.

7 July, 2025

Business / Economics

31 January Biz News: Key Financial Updates and Market Movements

Bannerman Mining Resources Namibia Invests in Etango Project Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars in the Etango Project. The company has already allocated more than one billion Namibia dollars towards the uranium project in Erongo, signaling a major commitment to the sector. This move will likely boost Namibia's mining industry and contribute to the nation's economic growth. South Africa's Reserve Bank […]

31 January, 2025

Business / Economics

China’s 2024 growth meets official 5% target on stimulus bump

China's economy hit the government's growth goal last year helped by a flurry of stimulus measures. However, the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year. Laura Westbrook has more.

17 January, 2025

Business / Economics

South Africa’s R15-Billion Westown Development Boosts Jobs

South Africa’s R15-billion Westown project near Durban is praised by Public Works Minister Dean Macpherson as a model for economic recovery. Macpherson emphasized the need for similar initiatives nationwide to stimulate growth, create jobs, and improve infrastructure. The development has already created 1,000 construction jobs and is expected to provide 8,500 permanent positions.

14 January, 2025

Namibia

National Assembly postpones Mid-Year Budget Review

Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery.

28 October, 2024

World

UN report suggests Gaza war has set Palestine’s development back nearly 70 years

A new United Nations report released on Tuesday suggests that the impact of the year-long war in Gaza has set development back by about 69 years. The UN Development Programme or UNDP says the Palestinian economy may not be able to restore pre-war levels and advance forward even when the fighting ends. Jody Jacobs has more.

23 October, 2024