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...
September 20, 2024
Tag: Percent
Post
Namibia’s economy grew by 4.2 percent in 2023 – Windhoek Observer
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...
Post
National Assembly achieves 50 percent women’s representation – Windhoek Observer
Niël Terblanché Namibia has positioned itself as a leader in gender equality within its parliamentary ranks, achieving an impressive 50 percent female representation in the National Assembly which is a significant rise from 46 percent the previous year. This achievement was announced by the Speaker of the National Assembly, Professor Peter Katjavivi, who again stressed...
Post
Namibia: Annual Inflation Rate for February Drops to Five Percent
The latest figures released by the National Statistics Agency indicate a notable decrease in the annual inflation rate for February 2024 compared to the same period last year. The annual inflation rate for February 2024 stood at 5%, a considerable decline from the 7.2% recorded in February 2023 according to NSA’s consumer price index. Additionally,...
Post
NWR offers a 60 percent discount to locals – Windhoek Observer
Martin Endjala As of 1 March 2024, all lodges under the management of the Namibia Wildlife Resorts (NWR) will offer a discount of 60 percent for local visitors to make it easier for them to experience the diverse landscapes and unique wildlife that Namibia has to offer. NWR Spokesperson, Nelson Ashipala, stressed the organisation’s commitment...
Post
Supreme court records 93.5 percent case disposal rate in 2023 – Windhoek Observer
Hertta-Maria Amutenja The Supreme Court has recorded a noteworthy 93.5 percent case disposal rate in 2023. Starting from the beginning of last year until late December, out of the 98 matters enrolled, 93 were not only heard but also saw judgments delivered, emphasising the court’s commitment to expeditious resolution. Chief Justice, Peter Shivute, while speaking...
Post
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...
Post
The annual Inflation Rate increased by 3.4 percent – Windhoek Observer
Martin Endjala Namibia’s annual inflation rate for housing, water, electricity, gas, and other fuel components, which account for 28.4 percent of the consumer basket, saw a significant improvement as it registered a 3.4 percent increase in December 2023 compared to the 2.1 percent observed in December 2022. The country’s overall annual inflation rate stood at...
Post
Only 56 percent of Namibians have access to electricity – Windhoek Observer
Hertta-Maria Amutenja In a pivotal moment for Namibia’s digital future, a stark reality emerges as only 56 percent of the population has access to electricity, posing a significant hurdle to the nation’s ambitious digital transformation goals. This is according to the National Digital Strategy of Namibia for 2024-2028. “When disaggregating this national measure, vast disparities...
Post
Namibia’s Economy Expands By 7 Percent
[Namibian] Namibia managed year-on-year growth of 7,2% in the third quarter of 2023, mainly thanks to its well-performing mining and agriculture sectors. Source link