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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Simonis Storm Securities

4 Results / Page 1 of 1

Background

Business / Economics

Household Credit Trends: Mixed Signals in August

Household credit data for August 2024 reveals a mixed trend, with total debt rising by N$125.94 million month-on-month and N$1.3 billion year-on-year, according to official figures. Despite this increase, says The Brief, a report from Simonis Storm Securities indicates that overall credit growth remains subdued. Notably, mortgage loans have declined by 1.1% year-on-year, reversing the 3.1% year-on-year growth seen in August 2023. This decline is largely attributed to the lingering […]

todayOctober 3, 2024 12

Business / Economics

Namibia’s inflation to ease in 2024

Namibia's inflation is expected to moderate in 2024, continuing a trend of slowing inflation rates. Simonis Storm Securities projections suggest a potential easing to 5.1%, indicating a positive step towards economic equilibrium. The  stockbroker and wealth management company notes a steady decrease in inflation rates, fostering a stable environment for businesses and consumers.

todayDecember 12, 2023 9

Namibia

October hotel occupancy rises to 65.5%

Namibia has recorded a national hotel occupancy rate of 65.5% in October, an uptick from the 54.6% rate recorded in October 2022. In its latest report, Simonis Storm Securities revealed that in October 2023, the coastal region emerged with the highest occupancy rate, reaching an impressive 71.9%.

todayNovember 22, 2023 10

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