insert_link 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
insert_link Business / Economics New Bank of Namibia bonds expected to improve financial access The Bank of Namibia is preparing to introduce the country’s first retail bonds, allowing low to medium-income earners to invest in government debt. According to Max Rix, Head of Investments at Simonis Storm Securities, this initiative could broaden financial inclusion and promote financial literacy among Namibians. todayAugust 29, 2024 94
insert_link 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
insert_link 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