Fuel increases hit consumer pockets hard – The Namibian
THE increase in fuel prices is driving up the prices of basic goods and services at a time Namibians are also being confronted by increased municipal rates and taxes, straining already stretched incomes even further. According to the latest figures of the Namibia Statistics Agency (NSA), annual inflation stood at 4% in June 2018, up […]
June 2018 inflation rate continues upward trajectory
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for June 2018 on 12 July 2018. The CPI is being used to calculate the monthly (compared to the previous month) and year-on-year (compared to the same month last year) inflation rates. The inflation rate continued its upward trajectory increasing from 3.8% in May […]
Increase in exports positive – The Namibian
Economic Association of Namibia research associate Klaus Schade says the minor surge in the value of exports is a good sign for Namibia, as imports steadied…
Opportunities for new value chains
Electric bikes (e-bikes) have become a common sight in Europe and encourage those who do not feel fit enough to cycle longer distances or do not want to arrive in the office or at meetings sweaty to use the bike instead of other modes of transport. Likewise, e-scooters, e-cars etc. are more and more often […]
EAN reiterates call for income specific inflation rates – New Era 17May2018
WINDHOEK – The Economic Association of Namibia (EAN) has once again called for the calibration of additional inflation rates catering specifically for low, middle and high-income households. This, says Klaus Schade, the Director of the EAN would provide more detailed information that could for instance guide employers and trade unions during wage and salary negotiations. […]
Inflation expected to surge – EAN The Namibian 17May2018
THE Economic Association of Namibia has predicted that annual inflation could go up during the remainder of the year as a result of the price of maize products increasing, thus exerting upward pressure on food prices. In a report on inflation for April 2018, Economic Association of Namibia research associate Klaus Schade said prices of […]
Govt increases pensions and grants by N$50 – The Namibian 3July2018
ALWONIA IZAAKS THE poverty eradication ministry has increased pensions and grants by N$50, to be implemented next month. In a statement yesterday, the ministry’s permanent secretary, I-Ben Nashandi, said the increase will be backdated to April this year. Nashandi said all beneficiaries will receive N$1 450 in August, which includes a N$200 back pay for […]
First quarter 2018 trade statistics – trade deficit widening
The Namibia Statistics Agency (NSA) has released the trade statistics for the first quarter 2018 on 19 June 2018. The trade statistics refer to trade in goods only and exclude the trade in services. Namibia usually achieves a surplus in the trade of services. Herewith a few highlights: The trade deficit increased further in the […]
First quarter 2018 Gross Domestic Product figures – slight improvement in economic activities
The Namibia Statistics Agency has released the Gross Domestic Product (GDP) figures for the first quarter 2018 on 19 June 2018. GDP in real terms dropped slightly by 0.1% during the first quarter 2018. While this is an improvement compared to the decline by 0.4% during the first quarter 2017, economic growth remained weaker than […]
Continental integration – The role of free movement of labour
Recent policy initiatives on the African continent can contribute to higher economic growth and a reduction of poverty. The Single African Air Transport Market initiative (SAATM), the African Continental Free Trade Agreement (AfCFTA) and the abolition of visa requirements for Africans are a few examples. The AfCFTA includes not only a protocol on trade in […]