In its unaudited results for the 6-month period ended 31 December 2023, Oryx Properties has increased its asset base to N$3.78 billion following the acquisition of Dunes Mall in Walvis Bay. The property group also posted a staggering 98% increase in profits, reaching a whisker shy of N$67 million. “Despite the challenging micro- and macroeconomic...
November 7, 2024
Tag: December
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Namibia’s Airports see over 80 000 passengers in December – Business Express
At least 80 000 passengers used Namibian airports in the month of December, statistic provided by the Namibia Statistics Agency (NSA) have revealed, highlighting that Hosea Kutako International Airport (75%) accounted for a greater chuck of these numbers. These numbers consist of regional, international, and domestic arrivals and departures of passengers at airports. Numbers registered...
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Trade deficit narrows significantly in December 2023
The trade balance witnessed a notable improvement during December 2023, with the deficit standing at N$299 million, according to the latest trade statistics released by NSA. This marks a stark contrast to the deficits of N$4 billion and N$1.4 billion recorded in November 2023 and December 2022, respectively. According to NSA statistician-general Alex Shimuafeni, Botswana...
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Namibia exported beer valued at N$98 million in December – Business Express
During December 2023, Namibia exported Beer valued at N$98.1 million which was mostly destined to South Africa, Angola and Zambia. Over the entire period (December 2022 to December 2023), the value of Beer exported averaged N$62.6 million with the largest value of N$119.2 million recorded in December 2022 and the lowest value recorded in August...
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Occupancy rates increase to nearly 40 percent in December – Windhoek Observer
Martin Endjala According to Simonis Storm Securities’ December 2023 hospitality statistics report, the month, characterized by festivities, offered a total of 51,192 rooms, of which 19,942 were occupied, resulting in a nationwide occupancy rate of 38.9 percent. The report indicated that December of the previous year witnessed significant activity in the hospitality sector, with 69...
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December car sales drop as rental agencies buy three units
Vehicle rental agencies, of which the main business focus is the tourism sector, purchased only three new units in December 2023 – a month during which a total of 841 new vehicles were sold. The 841 units represent a decline from the 1 169 recorded in November 2023 and the 952 sold in December 2022....
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57 drinking and driving arrests at Walvis and Swakop during December
Local authorities at Swakopmund and Walvis Bay have grappled with traffic issues related to irresponsible behaviour on the roads during the festive season. Data obtained by The Namibian shows that 57 motorists were arrested for drinking and driving at both towns during December, with 28 arrested at Swakopmund and 29 at Walvis Bay. Swakopmund chief...
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Transport Annual Inflation Slows Down in December 2023 – Windhoek Observer
Martin Endjala The annual inflation rate in the transport category exhibited a significant slowdown, recording 4.0 percent in December 2023. This was a notable decrease from the 5.1 percent recorded in November 2023 and a sharp deceleration from the 14.8 percent reported in December 2022. According to Simonis Storm Economist Halleluya Ndimulunde, this slowdown can...
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December inflation records deflation – The Namibian
Namibia’s annual inflation rate stood at 5,3% in December 2023, compared to 6,9% recorded in December 2022. According to the monthly Namibia Consumer Price Index Bulletin released by the Namibia Statistics Agency (NSA), the inflation rate for December 2023 recorded a deflation of 0,1% compared to 0,3% the preceding month. The bulletin said the major...
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Namibia records decline in food, transport, recreation prices in December
Namibia’s annual inflation recorded a noteworthy moderation, settling at 5.3% year-on-year (y/y) in December 2023, latest data reveals. The 5.3% marked a deceleration from the 5.7% recorded in November 2023 and a more substantial drop from the 6.9% recorded in December 2022. According to Namibia’s Consumer Price Index (NCPI) by the Namibia Statistics Agency, the...