BoN expects economic growth of 0.3%

15 April 2019 | Economics

The Bank of Namibia (BoN) expects the economy to grow by 0.3% this year, according to its latest Economic Outlook released today.
The Namibian economy was in recession in 2017 and 2018.
The central bank expects the construction sector to exit its recession, but wholesale and retail trade is likely to remain in the red.
Agriculture, too, is forecast to remain in a recession.

Similar News

 

Inflation slows to 3.3%

6 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...

Pirate products crackdown

1 week 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...

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...

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...

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...

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...

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...

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

3 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...

Latest News

Desert Jewels draw against Singapore

13 hours ago | Sports

The Desert Jewels drew against better-ranked Singapore at the M1 Nations Cup, which is currently underway.The 28th ranked Singapore battled hard to earn a 54-54...

Manifestos vague on thorny issues

13 hours ago | Columns

Swapo has been criticised for its perceived 'half-baked' manifesto, but the opposition has not really done better either.A lot of desperate lies are being told...

All hail the Brave Blossoms!

13 hours ago | Sports

Despite being marred by a devastating typhoon, which sadly claimed lives, the Japan Rugby World Cup has reached the semifinal phase.The host nation qualified for...

Namibia boost rankings

13 hours ago | Sports

SPORT REPORTER Namibia’s 3x3 national basketball team recently competed in Doha, Qatar at the 2019 World Beach Games, also known as the ANOC World Beach...

Chiefs, Pirates squeeze through

13 hours ago | Sports

South African crowd-pullers Kaizer Chiefs and Orlando Pirates, who have been experiencing unprecedented trophy droughts, squeezed into the Telkom Knockout quarterfinals this weekend. Desperate for...

Epukiro All-Stars win Omaheke derby

13 hours ago | Sports

Epukiro All-Stars won the Omaheke football derby under the auspices of the Namibia Rural Sport Development Federation (NRSDF) that was held at the Khomasdal Stadium...

Clubs groom future stars

13 hours ago | Sports

The Namibia Gymnastics Federation national tumbling, double-mini and trampoline competition, which took place in Walvis Bay this past weekend, was a thriller.The competition, which also...

290 000 food insecure

13 hours ago | Agriculture

About 290 000 people in Namibia are experiencing food insecurity during the ongoing drought, resulting in many suffering from malnutrition. Agriculture minister Alpheus !Naruseb said...

Cybercriminals run riot in Namibia

13 hours ago | Crime

Namibia is the African country most targeted by cybercriminals, a new report by Check Point has revealed. The report corresponds with an earlier one done...

Load More