insert_link Business / Economics 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 […] today21 November, 2025
insert_link Namibia Namibia tables Petroleum Amendment Bill to strengthen oversight of oil and gas sector Interim Minister of Industries, Mines and Energy, Frans Kapofi, has tabled the Petroleum (Exploration and Production) Amendment Bill of 2025 in Parliament, seeking to modernise the country’s petroleum laws and tighten oversight of its growing oil and gas industry. The bill proposes the creation of an Upstream Petroleum Unit under the Office of the President to oversee exploration and production activities. According to Kapofi, the proposed reforms aim to support […] today13 November, 2025
insert_link Business / Economics Domestic Inflation Inches Up to 3.6% in October Domestic inflation rose slightly to 3.6% in October , up from 3.5% in September and 3.0% a year earlier, marking a modest rise after months of price stability. Monthly prices climbed 0.5%, ending two months of no change. The increase was mainly driven by higher housing and transport costs, while food inflation continued to ease. Simonis Storm economist, Almandro Jansen: today11 November, 2025
insert_link Business / Economics Shafudah Announces Spending Adjustments in Mid-Term Budget Review Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen: today22 October, 2025
insert_link Business / Economics Inflation Rises to 3.5% in September The annual inflation rate increased to 3.5% in September from 3.2% in August, mainly driven by higher transport and housing costs. Simonis Storm economist Almandro Jansen noted that transport inflation rebounded to 1.3% after months of decline, largely due to rising vehicle prices, while food prices grew at a slower pace. today14 October, 2025
insert_link Business / Economics Local Vehicle Sales Dip in August. Domestic Vehicle sales fell 3.7% in August to 1,261 units but remain 26.7% higher than last year. Dealerships dominate with 93% of year-to-date sales, while rental companies mainly support mid-to-premium brands, says Simonis Storm economist Almandro Jansen. today1 October, 2025
insert_link Namibia Inflation Drops to 3.2% in August Simonis Storm office, Windhoek The annual inflation eased to 3.2% in August, compared to 4.4% in the same month last year and 3.5% in July. The August figure is the lowest recorded so far in 2025. The main contributor to inflation was food and non-alcoholic beverages. Simonis Storm economist Almandro Jansen said the slowdown reflects easing price pressures but cautioned that household budgets remain under strain. today17 September, 2025
insert_link 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. today4 September, 2025
insert_link Business / Economics Private Sector Credit Growth Accelerates to Pre-Pandemic Levels . Private sector credit grew by 5.7% year-on-year in June, up from 4.1% in May—the fastest pace since early 2020. Corporate credit surged 10.6%, fueled by strong activity in mining, energy, retail, and manufacturing sectors. Overdrafts jumped 17.4%, driven largely by real estate development and rising consumer demand, explained Simonis Storm economist Almandro Jansen. today5 August, 2025
