Economics

Inflation slows to 3.3%

3 days ago - 15 October 2019 | Economics

Annual overall inflation in Namibia in September was 3.3%, down from 3.7% the previous month and significantly below the 4.8% of September 2018.Figures released by the Namibia Statistics Agency (NSA) this morning show annual overall...

Pirate products crackdown

4 days ago - 14 October 2019 | Economics

The ministry of finance says it will intensify the enforcement of the law on the clearance of imports to ensure compliance with intellectual property rights and payment of the applicable duties and taxes.The ministry was...

Driving investment (away)

1 week ago - 09 October 2019 | Economics

Jo-Maré Duddy To rekindle economic growth and drag Namibia out of its prolonged recession, the country needs “a dramatic change of policy, away from inward looking, nationalistic and redistributive measures, towards investment attracting measures”.Elaborating on...

UN may run out of money by month-end

1 week ago - 09 October 2019 | Economics

The United Nations is running a deficit of US$230 million, secretary general Antonio Guterres has said, and may run out of money by the end of October.In a letter intended for the 37 000 employees...

UK firms in last Brexit stretch

1 week ago - 09 October 2019 | Economics

Ben Perry - British companies are ramping up preparations ahead of Brexit, spearheaded by the food and drink sectors stockpiling extra ingredients and bottles."Get ready for Brexit" is the UK government's slogan ahead of the...

Economy starts to shows cracks

1 week ago - 09 October 2019 | Economics

LONDON - Britain's economy is increasingly showing signs of strain as the Brexit crisis and the global slowdown intensify, with the loss of momentum appearing...

Who's betting against the pound?

1 week ago - 09 October 2019 | Economics

Véronique Dupond - Britain's opposition parties are hitting out at currency speculators betting against the pound while also bankrolling the leadership campaign of pro-Brexit prime...

Fitch downgrade simplified

2 weeks ago - 04 October 2019 | Economics

Independent economist and co-founder of Cirrus Capital Rowland Brown speaks on Namibia's further sub-investment downgrade by Fitch Ratings this week.Implications“There are a number of implications....

Namibians third richest in Africa

2 weeks ago - 02 October 2019 | Economics

Despite a struggling economy, Namibia is still ranked as one of the wealthiest countries in Africa per capita. Namibians are the third wealthiest individuals on...

Military spending despite economic crisis

2 weeks ago - 30 September 2019 | Economics

Despite the current economic woes, the ministry of defence's N$12 billion project to expand existing army bases and build new ones is in progress and...

Trapped in the middle

3 weeks ago - 25 September 2019 | Economics

Jo-Maré Duddy – Experts at the Bank of Namibia’s annual symposium recently differed on whether Namibia has fallen into a middle-income trap, but they agreed...

Definitions of middle-income trap

3 weeks ago - 25 September 2019 | Economics

Absolute definitionsSpence, 2011The absolute MIT definition shows that Namibia is above the MIT identified threshold. This study provides fixed level of income as a threshold...

Economics

Small change to cope with...

3 weeks ago - 25 September 2019 | Economics

Megan Rowling - The world's poorest people, increasingly buffeted by storms, floods and droughts, have been getting less than 1% a day each in international...

Recession tightens grip

4 weeks ago - 19 September 2019 | Economics

The latest gross domestic product (GDP) figures released by the Namibia Statistics Agency (NSA) this morning show the economy grew by -2.6% in the second...

Economy needs reboot

1 month - 16 September 2019 | Economics

Historically Namibia has had huge amounts of surplus cash and a fast-growing economy; now for the first time it is experiencing the “uneasy feeling of...

Once bitten, twice shy

1 month - 13 September 2019 | Economics

The Government Institutions Pension Fund says it cannot guarantee the success of its unlisted investment scheme but has taken precautions to ensure that it does...

Inflation edges upwards

1 month - 12 September 2019 | Economics

Annual inflation in Namibia was 3.7% in August, up slightly from 3.6% the previous month, but still below the 4.4% of a year ago.Data released...

China's N$10bn loan still on...

1 month - 12 September 2019 | Economics

The government is yet to take up the Chinese government offer to borrow up to N$10 billion through the Export-Import Bank of China. ...

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