China’s economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened. According to official data, gross domestic product (GDP) expanded by 5.3% in the first three months of 2024, compared to a year earlier. That beat expectations the world’s second largest economy could see growth slow to 4.6%...
Niël Terblanché President Nangolo Mbumba took strides towards advancing Namibia’s green economy and economic independence during engagements in Lüderitz over the weekend. He initiated several projects aimed at promoting renewable energy and local development. This included the inauguration of the Hyphen Meteorological Mast to measure wind potential for renewable energy generation, and a visit to...
Omaheke’s Regional Governor Pio Nganate says the region is banking on upcoming exploration endeavours in copper and uranium mining to drive economic revitalisation and diversification. He stated that upcoming mining activities signify a significant change in the region’s economic focus. This shift aims to lessen dependence on agriculture, the traditional economic driver, as Omaheke contends with...
Business Reporter THE Namibian economy continued to demonstrate growth during the fourth quarter of 2023, with a real GDP expansion of 4.4%, exceeding the growth rate observed in 4Q2022 (3.3%). According to analysts from Simonis Storm Securities, Halleluya Ndimulunde, this positive growth expansion suggests that underlying economic momentum remained solid. “On an annual basis, 2023...
Erasmus Shalihaxwe The Namibia Statistics Agency (NSA), has announced that the Namibian economy continued to stride in a positive direction, posting a growth of 4.2 percent in 2023 relative to a growth of 5.3 percent recorded in 2022. The growth rate indicates the pace at which the economy is expanding and serves as a barometer...
Namibia’s domestic economy slowed to record a growth of 4.2% in 2023, relative to a growth of 5.3% recorded in 2022, according to national accounts figures released by the Namibia Statistics Agency on Tuesday. The Namibia Statistics Agency (NSA) stated that the size of the domestic economy, as measured by nominal GDP, grew by N$22.3...
Standard Bank Namibia (SBN) Holdings Limited says Namibia’s economic performance is expected to continue on a positive trajectory with stable growth expected over the remainder of the forecast period to 2027. SBN said growth will be supported by a broader and more sustained recovery across most sectors of the economy, while structural reforms implemented by...
Konga Microfinance, formerly known as Kongalend Financial Services, says it has made N$285 million available in loans, impacting more than 25 000 direct loan customers. Trading as Kongalend Financial Services for the past 14 years, the company said in a statement on Monday that it provided productive finance to the micro, small and medium enterprise (MSME)...
Higher Education, Training, and Innovation Minister Itah Kandjii-Murangi has said the development of professional and technical human resources, research, science, technology, and innovation infrastructure is the cornerstone of the transformation of the Namibian economy. Kandjii-Murangi made the remarks during a high-level tertiary education funding budget review dinner held in the capital on Thursday. She said...
