finance news

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

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

Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets.

The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA:

26 September, 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

Business / Economics

Weekly Economics Wrap 17-22 February 2024: A Snapshot of Global and African Economic Developments

Puma Energy Namibia Halts EV Charging Station Initiative Puma Energy Namibia has temporarily suspended its initiative to install electric vehicle (EV) charging stations nationwide. The decision is attributed to the low adoption of electric vehicles and the high associated costs. Adell Samuelson, General Manager of Puma Energy Namibia, highlighted challenges such as affordability and limited range, contributing to a lack of interest among potential buyers. Namibia Faces Grey Listing for […]

22 February, 2024