insert_link Business / Economics Private sector credit growth slows Private sector credit extension experienced a sluggish of 1.3% year-on-year in March, reflecting a slowdown from February’s 1.7% year-on-year and a sharp decline from the 3.9% observed in March 2023. This represents the slowest pace of PSCE growth in the last decade. For the first quarter of 2024, the average annual credit growth further softened to 1.8% year-on-year, compared to 3.2% year-on-year in the same quarter of the previous year. […] today7 May, 2024
insert_link Local Nedbank Namibia Windhoek pedal power race series round 3 set for Sunday The 2024 Nedbank Namibia Windhoek Power Pedal Series third leg (WPP3) will take place on Sunday, 14 April at the entrance of Matchless Mine in Windhoek. Registration for the event closed on Wednesday at 17h00, with organisers anticipating between 190 to 220 cyclists to take part in the event. One of the organisers from the Windhoek Pedal Power Cycling Club, Stephanus Feris said preparations are going well. “All […] today11 April, 2024
insert_link Business / Economics Private Sector credit declines in February 2024 Private sector credit extension decreased in February 2024 to 1.7% year-on-year down from 2.4% year-on-year in January 2024 and 3.1% year-on-year in February 2023. The trend reflects a continued slowdown in credit uptake, with growth consistently falling below the six-month moving average. Households were the main contributors to the credit uptake. Simonis Storm Economist, Halleluya Ndimulunde. today4 April, 2024
insert_link Business / Economics February 2024 Vehicle Sales Stable Year-on-Year, Surge Month-on-Month In February 2024, total new vehicle sales remained steady, reaching 1,102 units, almost matching the figures from the previous year, which stood at 1,103 units. This represents a slight contraction of 0.1% year-on-year but marks a significant increase of 16.0% month-on-month. Economist Halleluya Ndimulunde from Simonis Storm provides insights. today20 March, 2024
insert_link Namibia Vehicle sales increase by 17% in 2023 New data shows that vehicle sales increased by 17% in 2023 to 12,775 units compared to 10,919 units sold in 2022. This marks the highest total of new vehicles sold in the country since 2017. December 2023 witnessed a downturn, with a year-on-year decline of 11.7% and a month-on-month drop of 28.2%, totaling 841 units. Halleluya Ndimulunde from Simonis and Storm has more. today22 January, 2024
