Economics

Namibia's hunger pangs lessen

1 day - 17 October 2017 | Economics

Good progress has been made over the past 25 years to reduce Namibia's hunger levels by 27%, the Global Hunger Index shows.According to the latest index released this year, Namibia's score is 25.7 compared to...

Income gap widens

2 weeks ago - 02 October 2017 | Economics

Namibia is the third most unequal country in the world and the second most unequal country in Africa, a study on income inequality trends released by the United Nations Development Programme (UNDP) has found. ...

Mother of all bailouts

2 weeks ago - 29 September 2017 | Economics

Close to N$9 billion has been transferred to Air Namibia, the Namibia Airports Company (NAC) and TransNamib over the past decade, estimates based on national budget documents show.Air Namibia was the main recipient, with more...

Weak Swiss demand hurts copper exports

3 weeks ago - 26 September 2017 | Economics

Jo-Maré Duddy - Namibia's export earnings from copper cathode tumbled by N$645 million year-on-year in the second quarter of 2017 due to weaker demand from Switzerland.The country exported N$867 million worth of copper cathode in...

Will Nam follow in SA's footsteps with downgrade?

3 weeks ago - 26 September 2017 | Economics

Namibia risks being downgraded to junk by Fitch too if Government is not able to address the concerns raised during the Moody’s review, says Duval van Zijl, an analyst at Bravura.Although Namibia’s gross domestic product...

Nuclear power an option for Namibia

3 weeks ago - 26 September 2017 | Economics

Africa needs to be encouraged to explore other alternatives such as nuclear energy to complement its current energy supply. - Martin Fairclough, IAEA

Construction slaughtered in second quarter

3 weeks ago - 25 September 2017 | Economics

About N$25.6 billion flowed into the Namibian economy in the second quarter this quarter, the least in three years.The past quarter's gross domestic product (GDP)...

Viva, Nambia!

3 weeks ago - 25 September 2017 | Economics

US Pres. Donald Trump’s gaffe last week when he referred to Namibia as “Nambia” hosting a lunch for African leaders, Pres. Hage Geingob included, sparked...

Zim can only billions in arrears when ‘economy is...

3 weeks ago - 25 September 2017 | Economics

HARARE - Zimbabwe's Finance Minister has said the southern African nation would not be able pay US$1.8 billion in arrears to the World Bank and...

Getting ­infrastructure back on track

3 weeks ago - 25 September 2017 | Economics

Namibia has a backlog of N$255 billion in infrastructure development and a lot has to be done if the goals of the Fifth National Development...

Recession holds firm

3 weeks ago - 22 September 2017 | Economics

Namibia is in a renewed recession, based on statistics for the three months ending June 2017.The construction sector has shown negative growth for the sixth...

Close to 130 000 job losses

3 weeks ago - 21 September 2017 | Economics

A total of 129 644 Namibians have lost their jobs since 2014 due to the drought and global financial recession, according to Economic Association of...

Economics

Swiss act on cyptocurrency

4 weeks ago - 20 September 2017 | Economics

Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud...

SA rate cut expected

4 weeks ago - 19 September 2017 | Economics

A shallow interest rate cutting cycle seems likely on Thursday with at least one 25 basis-point (bps) interest rate cut expected in September 2017, according...

Vehicle sales fall 18.7%

4 weeks ago - 18 September 2017 | Economics

New vehicle sales of 1 094 units were recorded in August, with sales falling by 19.9% from the 1 366 new vehicles sold in August...

BoN positive about Namibian growth...

1 month - 15 September 2017 | Economics

The Namibian economy is showing signs of modest recovery and could perform better this year than the 1.1% growth recorded in 2016.This is according to...

Slight deceleration in inflation

1 month - 15 September 2017 | Economics

The annual inflation rate for the month of August 2017 decelerated to 5.4%, down from 6.8% recorded in August of the preceding year, a slowdown...

SA flirting with junk

1 month - 15 September 2017 | Economics

Moody's has reiterated its warning that recent attacks on the independence of the South African Reserve Bank (SARB) and judiciary, if not contained, might move...

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