FINANCIAL INDICATORS

FINANCIAL INDICATORS The December 2024 Inflation Report analyses Namibia’s inflation dynamics, highlighting an environment of relative stability alongside emerging price pressures. Annual inflation increased to 3.4% in December from 3.0% in November, reflecting a marked deceleration from the 5.3% recorded in December 2023. The average inflation rate for 2024 was 4.2%, down from 5.9% in […]

FINANCIAL INDICATORS

Private Sector Credit Extension (PSCE) maintained its upward trajectory for the third consecutive month, rising to 3.0% year-on-year (y/y) in September, compared to 2.1% at the end of August. This marks the second time this year that the PSCE rate has exceeded 3%, refecting sustained growth momentum since April 2023. During Q3 2024, annual credit […]

VEHICLE SALES REACH 6360 IN THE FIRST HALF OF 2024

Article by Business Express In the first half of 2024, a total of 6,361 units were sold, slightly below the 6,441 units sold in the same period of 2023 but surpassing pre-pandemic levels, a report by Simonis Storm reveals. In June 2024, vehicle sales increased to 993 units from 966 units in May 2024, representing […]