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 […]

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 […]

A MONTHLY WRAP-UP OF NEWS WORTH KNOWING

BON AND DBN FORGE PARTNERSHIP TO BOOST NAMIBIA’S ECONOMIC GROWTH The Bank of Namibia (BoN) and the Development Bank of Namibia (DBN) have signed a three-year Memorandum of Understanding (MoU) to bolster economic growth and development in Namibia. The agreement, signed on Monday, aims to leverage the combined expertise and resources of the BoN and […]