insert_link Business / Economics Food and housing drive inflation The annual inflation rate was 4.4% in August, down from 4.7% in August 2023. Monthly inflation increased to 0.3% from 0.2% in the previous month. Key contributors to inflation were food and non-alcoholic beverages and housing, water, electricity, gas, and other fuels, each contributing 1%. Namibia Statistics Agency spokesperson, Mirjam Shihepo. today10 September, 2024
insert_link Business / Economics Namibians Need N$36,000 Monthly to Qualify for N$1-Million Home Loan, Reveals Affordability Crisis Salomo Hei, Economist and Managing Director at High Economic Intelligence, has highlighted that Namibians need a monthly income of N$36,000 to secure a N$1-million home loan, exposing the worsening affordability crisis in the country reports The Brief. Hei attributes the steep cost of housing to the sharply rising price of land. He also noted that high interest rates and restricted access to financing have made homeownership increasingly unattainable for many. […] today29 August, 2024
insert_link Namibia Activist Calls for Massive Housing Supply to Address Windhoek’s Housing Crisis In a recent interview, the Activist-in-Chief, Job Amupanda of Affirmative Repositioning highlighted the pressing housing crisis in Namibia, emphasizing that the imbalance between supply and demand is driving up prices. He argued that to counteract exorbitant housing costs in Windhoek, a significant increase in housing units—around 10,000—would be essential to stabilize prices. today30 July, 2024
insert_link World UK’s Sunak to unveil tax-cutting manifesto By James PHEBY British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […] today11 June, 2024
insert_link Namibia Namibia Progressive Party Leader Vows to Prioritize Basic Rights, Including Housing Penda Negonga, leader of the Namibia Progressive Party, pledges to advocate for the fundamental rights of Namibians, particularly in housing, once in office. today21 May, 2024
Local Rwanda to host Shelter Afrique Development Bank’s 43rd AGM in June 2024 Rwanda will host Shelter Afrique Development Bank (ShafDB) 43rd Annual General Meeting (AGM) in June Kigali, the Company has disclosed. This follows the nomination of Rwanda as the next host country at Shelter Afrique Development Bank’s 42nd AGM held in Abuja, Nigeria, and the subsequent signing of the host country agreement between the Company and the Government of Rwanda in Kigali in March. The host country agreement was signed by […] today23 April, 2024
insert_link Namibia Oshikuku Town Council Allocates 23 Residential Plots to Shack Dwellers Federation Beneficiaries The Oshikuku Town Council recently distributed 23 residential plots to beneficiaries of the Shack Dwellers Federation of Namibia as part of their ongoing efforts to tackle the housing shortage in the area. Speaking at the handover ceremony, Town Mayor Julia Endjambi reiterated the council's dedication to providing affordable land to individuals with ultra and low incomes. She emphasized that a portion of land allocations by the council are consistently reserved […] today19 April, 2024
insert_link Africa Africa‘s most populous countries eye private investors to tackle housing challenge By Conrad Onyango, bird story agency A wave of government housing policies is set to change the urban landscape across the continent, in line with a report from the African Development Bank (AfDB). “The public sector is recognizing the link between housing and economic growth, and that not only can good housing contribute to the twin goals of economic growth and poverty alleviation, but that the opposite […] today9 April, 2024
insert_link Namibia 31 Oshakati informal settlement residents receive title deeds A total of 31 residents of Onawa in Oshakati have received title deeds as part of the Council's strategic plan for the 2022/23 - 2026/27 period. Spokesperson Katarina Kamari says the need to avail land to ultra-low-income earners, is to uplift and provide them with a pathway to homeownership. today22 March, 2024
