Namibia recorded investment inflows of N$8.8 billion in the third quarter of 2023, a decline from N$10 billion recorded in the second quarter of 2023, official figures show. According to the Bank of Namibia’s Quarterly Bulletin, Q3 investment was primarily driven by equity injections for oil and gas exploration and intercompany debt. “Direct investment liabilities...
Remittances, or money transferred by Namibians working abroad, make a significant contribution to the country’s economy and foreign currency earnings. According to the Bank of Namibia, remittance inflows in the country are estimated to be over N$1.5 billion annually. In Namibia, remittance inflows mostly come from Canada, the United States, and parts of Europe such...