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News
Resource boom could trigger generational construction cycle
50+ min ago (361+ words) Namibia’s emerging oil and gas industry, green hydrogen developments and expanding mining activity could create a multi-decade construction and infrastructure pipeline that significantly exceeds what is currently reflected in monthly building approval statistics, according to Simonis Storm. In its latest…...
Inflation holds at 4.4% in July, transport costs surge
1+ week, 37+ min ago (466+ words) The headline annual inflation rate for July, stood at 4.4% compared to 3.5% registered in July 2025. On a monthly basis, the inflation rate was 0.1%, lower than 0.3% registered during the preceding month. Core inflation stood at 3.7%, slightly below the headline inflation rate. The…...
Simonis Storm expects October hike
1+ week, 1+ day ago (511+ words) The Bank of Namibia (BoN) has kept its repo rate unchanged at 6.75%, in line with expectations, while maintaining the prime lending rate at 10.50%. The decision follows the central bank’s 25-basis-point rate increase in June, which was implemented ahead of the…...
Serviced land shortages constrain Namibia???s housing market recovery
1+ week, 2+ day ago (535+ words) Structural challenges, particularly delays in land servicing and the limited delivery of serviced plots, continue to constrain housing supply, while broader economic conditions hinder a more inclusive recovery in housing market participation. This is according to the latest FNB House…...
Port of Walvis Bay handled N$6.9 billion exports in June
1+ week, 4+ day ago (363+ words) The Port of Walvis Bay remained Namibia’s leading trade gateway during June, handling exports worth N$6.9 billion. Eros Airport followed with exports valued at N$1.6 billion, while the Katima Mulilo border post facilitated exports worth N$1.5 billion. On the import side, Walvis Bay…...
FNB Namibia forecasts 3.9% average inflation in 2026
2+ week, 1+ day ago (391+ words) FNB Namibia has forecast that Namibia’s average inflation rate will moderate to 3.9% in 2026, although persistent services inflation, administered price pressures and global oil market volatility remain key upside risks. According to FNB Namibia economist Cheryl Emvula and market research manager…...
BoN expected to keep interest rates unchanged
2+ week, 3+ day ago (454+ words) Simonis Storm has said it believes the balance of economic indicators supports the Bank of Namibia keeping interest rates unchanged at its next Monetary Policy Committee meeting. The firm said while persistent inflation reduces the likelihood of an interest rate…...
More than half of adults earn N$2 000 or less per month
4+ week, 1+ hour ago (544+ words) More than half of Namibia’s adult population (54.1%) earns N$2 000 or less per month, highlighting continued income pressures and financial vulnerability among households, according to the 2025 Namibia Financial Inclusion Survey (NFIS) released by the Namibia Statistics Agency (NSA). The survey, presented…...
Reliance on credit and borrowing increased to 49% in 2025
4+ week, 1+ day ago (610+ words) Namibians’ reliance on credit and borrowing has increased significantly, with nearly half of adults reporting that they borrowed money in 2025, mainly to meet essential household needs such as food, education and transport, according to the latest Namibia Financial Inclusion Survey…...
Trade deficit narrows to N$3.1 billion in May
1+ mon, 1+ week ago (319+ words) Namibia’s trade deficit narrowed to N$3.1 billion in May 2026 as export earnings increased to N$12.4 billion against imports of N$15.5 billion, according to the latest trade statistics released by the Namibia Statistics Agency (NSA). The May deficit represents an improvement from…...