Namibia’s GDP hits N$59.5 billion in Q2

Namibia’s GDP hits N$59.5 billion in Q2

The Namibian economy grew by 3.5% year-on-year in Q2 2024, down from 4.3% in Q1 and slightly below the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since a contraction in Q1 2021. Nominal GDP reached N$59.5 billion, with real GDP at N$39.1 billion for the quarter. Simonis Storm Economist, Halleluya Ndimulunde has more.

September 24, 2024 36

Local

Bank Windhoek, City of Windhoek celebrate MSME Day with entrepreneurs

Celebrated annually on 27 June is Micro, Small and Medium Enterprises (MSME) Day, designated by the United Nations to highlight the potential of micro, small and medium-sized enterprises to transform economies, foster job creation and promote equitable economic growth. Bank Windhoek’s Head of SME, Financial and Data Analytics, Bianca Janse Van Vuuren, highlighted that SMEs are the backbone of Namibia’s economy, driving innovation, creating jobs, and […]

June 26, 2024 20

Namibia

Namibia’s Oil and Gas have potential to improve overall economy without adverse on other sector

By Josef Keas Sheehama Although Namibia's oil and gas industry has the potential to boost the country's economy, careful management and diversification are essential to ensuring that this potential is realized without detrimental effects on other industries. Namibia, along with other African countries, is emerging as an attractive oil and gas opportunity due to legislative changes that make the market more appealing. Namibia's […]

June 19, 2024 35

Business / Economics

Economist warns of impact as SIM card registration survey begins

Following the announcement of a comprehensive survey titled "The Implications of SIM Card Registrations on the Namibian Economy" by High Economic Intelligence in partnership with Bank Windhoek, we spoke to Salomei Hei, the Managing Director at High Economic Intelligence, for an update.

March 12, 2024 61