PRIVATE SECTOR CREDIT EXTENSION (PSCE) – MARCH 2025
PRIVATE SECTOR CREDIT EXTENSION (PSCE) – MARCH 2025 Credit Growth Trends Private Sector Credit Extension (PSCE) growth accelerated to 5.0% y/y in March 2025, up from 3.9% y/y in February, marking the strongest expansion since March 2020. This sharp improvement was underpinned by robust growth in corporate credit, while household credit showed a slight uptick. […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING PARCEL SERVICES DRIVE POSTAL INDUSTRY GROWTH Parcel services have become the primary driver of growth in the postal industry. Speaking at the recently held Southern African Postal Operators Association (SAPOA) Postal Forum, NamPost CEO Festus Hangula highlighted the shift, noting that while traditional mail volumes have decreased, parcel […]
TRUMP’S TARIFFS: A NEW STORM FOR SOUTH AFRICA’S ECONOMY
TRUMP’S TARIFFS: A NEW STORM FOR SOUTH AFRICA’S ECONOMY The imposition of tariffs by former President Donald Trump, particularly the 25% duties on imports from Mexico and Canada and the 10% tariff on Chinese goods, has raised significant concerns about the broader economic implications, especially for emerging markets like South Africa. As these tariffs disrupt […]
NAMIBIA, SWEDEN STRENGTHEN MINING SECTOR COLLABORATION
NAMIBIA, SWEDEN STRENGTHEN MINING SECTOR COLLABORATION 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 […]
SUMMIT OF THE FUTURE
calls for renewed international cooperation and private sector engagement In September, global leaders gathered at the United Nations’ Summit of the Future in New York, addressing pressing challenges facing the world. The event provided a platform for world leaders to demonstrate political will and reaffirm their commitment to tackling global issues through enhanced international cooperation. […]
NAVIGATING NAMIBIA’S ECONOMIC CROSSROADS
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 […]
FINANCIAL INDICATORS
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, […]
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 […]