Goods and services vs Headline inflation (%) - December 2018 to December 2024 Average quarterly annual inflation per year (%) - 2018 to 2024 Annual Inflation 2019-2025 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% [...]
Usakos Secondary School, situated in the Omaruru Circuit of the Erongo Region, started 2025 on a high note thanks to a sponsorship from Debmarine Namibia. The marine mining company generously donated 82 much-needed chairs to the school, addressing a critical shortage of seating. The school’s principal, Ms Christine Tjongarero, expressed heartfelt gratitude during the handover [...]
Namibia is seeking to bolster its mining sector through strategic collaboration with Sweden, focusing on value addition and sustainable mineral processing. Speaking at the 10th session of the Namibia-Sweden Bilateral Working Group meeting, Deputy Minister of International Relations and Cooperation Jennely Matundu highlighted the potential for Sweden’s advanced mining technology and expertise to enhance Namibia’s [...]
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 [...]
Exploration and discoveries Namibia’s offshore oil and gas sector is set for a significant transformation, following a series of major discoveries in recent years which include Graff-1, Venus-1, Jonker-1X, La Rona-1 and Lesedi-1X. These developments have attracted global oil and gas giants such as TotalEnergies, Shell, Chevron and ExxonMobil, alongside energy corporations like Galp Energia [...]
In his first six months in office, President Nangolo Mbumba has navigated Namibia through a period of profound change and challenge following the passing of his predecessor, Dr Hage Geingob, in February 2024. Reflecting on this transition, President Mbumba has demonstrated a steady hand in guiding the nation through mourning and uncertainty, steering the country [...]
The Bank of Namibia's fourth monetary policy announcement of the year took many by surprise, as the central bank opted to reduce the interest rate by 25 basis points, lowering the repo rate to 7.50% and the prime rate to 11.25%. This marks the first rate cut since the hiking cycle began in June 2022, [...]
Article by Business Express The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place this November in Cape Town – will host a series of country-specific spotlights, showcasing investment opportunities across Africa’s leading energy markets including Namibia. Spotlight sessions will highlight projects seeking investment, [...]
Article by: Business Express EMPRETEC Namibia which first trained entrepreneurs on 16 October 2019 has now trained close to 2000 entrepreneurs of which about 30% were vulnerable categories, Minister of Industrialisation and Trade, Lucia Iipumbu has said. EMPRETEC Namibia, is a collaboration between the Ministry and UNDP Namibia with the aim to train MSMEs and larger [...]
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 [...]
