Economics

Markets await rate hike decision

1 day - 27 June 2017 | Economics

Financial investors' lack of faith in another rise in US interest rates this year kept the dollar pinned back on Monday at the start of a week packed with speeches from Federal Reserve and other...

Economy contracts 2.7%

2 days ago - 26 June 2017 | Economics

Economic growth contracted in the first quarter by 2.7% according to the Namibia Statistics Agency, which released trade data last week.Weaknesses were more noticeable in the construction and manufacturing sectors the NSA said, while some...

Brexit uncertainty hurting investment

5 days ago - 23 June 2017 | Economics

Large amounts of business investment is being postponed because of uncertainty over the outcome of Brexit negotiations so Britain should seek clarity as early as possible over a transition arrangement, finance minister Philip Hammond said.“There...

Fitch rating left unchanged

1 week ago - 21 June 2017 | Economics

Fitch this week affirmed Namibia's long-term and local currency issuer default ratings at BBB- with a negative outlook. According to Fitch, government's commitment to fiscal consolidation was a welcome sign that it had a record...

Safety nets address poverty

2 weeks ago - 14 June 2017 | Economics

A World Bank country assessment has revealed that Namibia has made massive inroads into fighting poverty, showing that the country's social safety nets have been very effective. However, despite the considerable efforts, this has still...

Fed rate hike expected

2 weeks ago - 14 June 2017 | Economics

The US Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labour market and may also provide...

Sterling turns flat

2 weeks ago - 13 June 2017 | Economics

Pound sterling gave back early gains against the dollar to trade flat on Monday, back under pressure after British general elections that yielded no clear...

Scotland's independence hopes dashed

2 weeks ago - 12 June 2017 | Economics

Scotland's bid for a second independence referendum was dealt a blow when Nicola Sturgeon's nationalists lost 21 of its 56 seats to parties that want...

SA crunch a double-edged sword

3 weeks ago - 07 June 2017 | Economics

South Africa's recession mimics local conditions in which consumers are coming under increased pressure while the situation is also likely to affect Southern African Customs...

NDP5 gets mixed reaction

3 weeks ago - 02 June 2017 | Economics

Opposition party leaders and social commentators have lauded the targets set out in the fifth National Development Plan (NDP5) but say it remains to be...

Kwa tulwa miilonga oNDP5

3 weeks ago - 02 June 2017 | Economics

Omupresidende Hage Geingob okwa tula miilonga oNDP5 mEtitatu ndjoka yin a omusholondondo gwoompangela dhepangelo okuya mo-2022.“Ompangela ndjoka oya nuninwa okuyambulapo eliko lyoshilongo shetu miikondo...

NDP5's grand plans

3 weeks ago - 01 June 2017 | Economics

Approximately 7 200 new homes, 6 500 serviced erven, and 40 000 new jobs per year to the end of March 2022 from part of...

Economics

Young Chinese in the red

4 weeks ago - 30 May 2017 | Economics

When Wu Qi and her husband traded in their Mazda 3 for a more expensive Mercedes Benz sedan, they applied for a 200 000 yuan...

Defence budget unjustifiable

1 month - 29 May 2017 | Economics

For Namibia's much-touted state of peace and stability the combined allocation of close to N$11 billion to the military and the safety and security ministry...

NPC commissioners appointed

1 month - 29 May 2017 | Economics

President Hage Geingob last week appointed 17 new commissioners to serve on the National Planning Commission's board.The board will spearhead the social and economic development...

Jobless rate rises

1 month - 26 May 2017 | Economics

OGONE TLHAGE The Namibia Statistics Agency has revealed that about 349 383 people are currently looking for work but are...

Moody's expresses concern

1 month - 26 May 2017 | Economics

While Namibia's Baa3 rating reflects solid medium growth prospects set against credit challenges which include rising public debt, heightened external risks remain which may force...

SA, Namibia to enhance bilateral...

1 month - 22 May 2017 | Economics

South Africa’s Minister of International Relations and Cooperation, Maite Nkoana-Mashabane has said Namibia and South Africa are working towards enhancing bilateral trade.Nkoana-Mashabane, in her capacity...

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