As Namibia approaches the end of a decade marked by stagnant GDP growth, we invite you to reflect with us on the present economic climate, the factors that have brought us here, and where we might be headed. While we make no predictions, we aim to extrapolate some loosely held expectations about the future from [...]
Tourism in Namibia has traditionally exhibited a distinct cyclicality, with the peak season running from July to October. This pattern seems to be waning with a higher than usual number of visitors gracing Namibia during this latest January to April period. Below we explore the changing landscape of tourism in Namibia in more depth. The [...]
Economic Pulse Namibia’s annual budgetary process is a crucial aspect of the country’s economic planning and fiscal management. In previous years, the government has presented comprehensive budgets aimed at addressing key national priorities, fostering economic growth and ensuring the wellbeing of its citizens. This year, the Namibian FY2024/25 budget is anchored on three policy pillars: [...]
Economic Pulse – March 2024 His Excellency Dr Hage Geingob embarked on his presidency in 2015 amidst a wave of public support, having secured 86% of the presidential vote in 2014. However, with Geingob’s inauguration as the third president of Namibia, he inherited an overheated economy rapidly running out of steam. While Namibia had been [...]
Global economic normalisation, electoral crossroads, and Namibia’s path to recovery With 2024 well underway, now seems to be an opportune time to look at what the year is expected to have in store in terms of the larger global economic outlook and what it means for Namibia. Looking at current forecasts for the year, it [...]
Entering 2023, Namibia’s economic landscape was characterised by cautiously optimistic projections, underpinned by strong commodity performance, a surge in government spending, the expected validation of prior oil discoveries and the emerging interest in green hydrogen initiatives. However, as the year unfolded, the optimism was somewhat offset by the reality of an economy still grappling with [...]
Economic Pulse - June 2023 The largest global banking crisis since 2008 emerged in March this year, resulting in US regulators shutting down and selling three small- to mid-sized banks over the span of five days. In the same month, in Europe, troubled Swiss giant, Credit Suisse was take-over by a rival bank in a [...]
Economic Pulse - May 2023 2023 was off to a flying start, with the first quarter of the year being a generally positive one for Namibia in terms of economic and financial developments. On the economic front, preliminary National Accounts data from the Namibia Statistics Agency show that Namibia recorded real GDP growth of 4.6% [...]
Economic Pulse - March 2023 The advent of new technologies has often raised concern that new, often more efficient ways of doing things, will lead to job displacement. This fear has not been limited to blue-collar jobs, as white-collar jobs have been equally "threatened" by the introduction of technologies such as calculators on computers. In [...]
Economic Pulse - February 2023 Digital nomad visas have been rising in the popularity as the number of people working remotely has increased in recent years. Remote working became a necessity during the pandemic-induced lockdowns and most of us have had to adapt to getting the job done outside of the customary office environment. This [...]
