Growth in key mining industries in Namibia is estimated to decrease in 2024 mainly due to a myriad of issues including low production, water interruptions and declining international prices. According to the Bank of Namibia, growth for diamond mining is estimated to decrease significantly in 2024, partly dampened by low production on the back of...
September 20, 2024
Tag: decline
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Namibia’s GDP decline of 4.2 percent a huge margin – Economist – Windhoek Observer
Martin Endjala The decline of the country’s Gross Domestic Product (GDP) by 4.2 percent in 2023 has been described as a huge margin compared to 5.3 percent in the previous years. This is according to Independent Bank Researcher and Economist, Josef Sheehama, who said that despite the economic recovery in 2022, the socio-economic situation did...
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Nedbank home and personal loans decline
Nedbank Group’s annual financial results show there has been a decline in the uptake of personal and home loans in the 2022/23 financial year. According to the group’s results, which were released last week, the group received 153 000 new home loan applications, compared to 183 000 received in the previous financial year. In terms...
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Construction sector faces 30,6% decline in building completion
Namibia’s construction sector faced a decline in December 2023, with the composite index for buildings completed experiencing a monthly decline of 30,6%. According to the report by the Namibia Statistics Agency (NSA) on buildings completed, this comes as a 60,6% decrease in the previous month. In December 2023, a total of 126 permits for completed...
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Decline and fall of Test cricket? Don’t tell West Indies or England
A few years ago, an award-winning film “Death of a Gentleman” drew attention to what appeared to be the steady decline of Test cricket as it struggled to ward off the popularity of the shorter game. On Sunday, however, Test match cricket, which has been on the scene since Australia and England first locked horns...
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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...
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MTC queus decline | nbc
The extension of SIM card registration has resulted in a decline in individuals’ queuing up to register their numbers at mobile homes. The deadline initially set for December 31, 2023, saw long queues as people rushed at the last minute to register their SIM cards. However, since the announcement of the extension by the Minister...
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Heavy commercial vehicles in Namibia suffer 37% decline in sales – Business Express
Amid a rebounding automotive market in Namibia, the heavy commercial vehicles (HCV) sector faced a pronounced downturn, recording a steep 37.5% y/y decrease in units sold. This is according to a report by Simonis Storm which further highlights that in a striking contrast, the light commercial vehicles (LCV) segment emerged as the dominant growth driver,...