Economy easing out of negative growth – The Namibian
FINANCE minister Calle Schlettwein is optimistic that the country’s economy will improve in the second quarter of the year, and move out of the current contraction. Speaking at a press conference on Monday, Schlettwein attributed this to the fact that the economy had recorded growth of -0,1% during the first quarter of 2018, up from […]
Extent of the public sector not fully known
Health Minister, Hon. Bernhard Haufiku, introduced amendments to the health professions laws in Parliament in order to reduce the number of council members. The announcement has shed light on an area of the public sector that is often overlooked, when talking about a leaner public service. There are not only five different health profession councils […]
Escalating fuel prices push inflation rate on upward trajectory – New Era
WINDHOEK – The Namibia Statistics Agency released Consumer Price Index (CPI) for June 2018, indicating that the inflation rate continued its upward trajectory, increasing from 3.8 percent in May to 4.0 percent in June 2018 compared to a year ago. This upward tick reflects the strongest price increases so far this year, but the inflation […]
Focus on tax evaders and not the informal economy – PDM Youth League New Era
WINDHOEK – The Popular Democratic Movement (PDM) Youth League (YL) has condemned government’s intention to step up efforts to tax the informal sector. The youth wing of PDM has called the directive “worrisome and misguided’’. “It is our view that the Namibian informal sector has not developed at the economic and technical level required to […]
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 […]