Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
The local annual inflation rate eased to 3.2% in January, continuing its downward trend due to lower costs in key sectors. However, the month-on-month inflation rate saw an uptick, rising to 1.1% from 0.2% in December. Capricorn Asset Management’s Floris Bergh weighs in:
Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen:
In the face of global economic challenges, key financial developments are shaping markets worldwide, from inflation trends to shifting interest rates, and changes in trade policies. Recent updates highlight how Namibia is positioned within these global trends, with a strong focus on inflation, exchange rates, and monetary policies that influence everything from local purchasing power to international trade dynamics. Here’s an overview of the most important financial updates […]
Russia's central bank hiked interest rates to 21 percent, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive triggered rapid price rises at home. The increase takes rates to their highest level since 2003. Despite the high inflation and Western hopes sanctions would cripple the Russian economy, the Kremlin is set to ramp up military spending yet again next year. Analysts say Moscow […]
Sub-Saharan African countries reliant on commodity exports must implement economic reforms to address uneven regional growth, stated Abebe Aemro Selassie, the International Monetary Fund's Africa Director. Reuters reports that the IMF's latest World Economic Outlook reveals that the region's growth is projected at 3.6% this year, consistent with last year's figures and lower than the April forecast of 3.8%. Commodity-dependent economies are notably underperforming compared to their more diversified counterparts.
Following the release of the Consumer Price Index for March 2024, which shows the annual inflation rate stood at 4.5% compared to 7.2% recorded in March 2023, by the Namibia Statistics Agency, we contacted Helena Mboti an economist at FNB Namibia to get the bank's inflation forecasts for April 2024.
Economic and financial research entity, High Economic Intelligence and Bank Windhoek are conducting a comprehensive survey titled "The Implications of SIM Card Registrations on the Namibian Economy" to get the public’s understanding of the ongoing mandatory SIM card registration process. Managing Director at High Economic Intelligence, Salomei Hei.
