October 2018 inflation rate – transport inflation pushes up overall inflation
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for October 2018 on 15 November 2018. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate rose from 4.8% in September 2018 […]
Strengthen regional cooperation to stimulate economy
After the financial and then economic crisis in 2008, Governments and Central Banks of some developed countries have tried to coordinate policy responses in order to avoid a further downfall of the global economy. It had helped stabilizing the economies, even though the cooperation was rather short-lived and limited in extent. However, there were hardly […]
Fuel price increase November 2018 – The upward trend continues
The Ministry of Mines and Energy (MME) announced on 5 November 2018 a fuel price increase of NAD0.50 per litre for petrol and NAD0.70 per litre for diesel countrywide with effect of 7 November 2018 midnight. According to the MME statement, the price of refined petrol and of refined diesel remained stable compared to September […]
Mid-year Budget Review – Fiscal consolidation on course despite economic headwinds
The Minister of Finance presented the fourth Mid-year Budget Review on 24 October 2018. The review serves two purposes, namely to propose internal re-allocation of approved funds and to provide some first hints about the next Medium-term Expenditure Framework. It is not a proposal for the allocation of additional funds. Herewith a few highlights. Revenue […]
Private sector credit extension September 2018 – demand by businesses remains strong
The Bank of Namibia has released selected statistical data for September 2018 that cover among others the extension of credit to the private sector (PSCE). Herewith some of the highlights: Total credit extended to the private sector rose by 7.3% compared to September 2017- the fastest pace on an annual basis since May 2017 –to […]
Doing Business Report – Namibia down one place to 107
The World Bank has released its annual Doing Business Report 2019 on 31 October 2018. The World Economic Forum’s Global Competitiveness Report, released just a fortnight ago, and the World Bank’s Doing Business Report provide among others governments, investors and financial institutions with information on factors crucial for investors. The Doing Business Report covers ten […]
Going the extra mile
The prevailing global economic climate is not in our favour – rising interest rates in the USA turn financial investor sentiments against emerging markets, trade wars disrupt global trade, Brexit adds further to economic policy uncertainties that all weigh on investor sentiments and their run for safe havens. Namibia can therefore not rely on or […]
Global Competitiveness Report – Namibia ranked 100 out of 140
The World Economic Forum has released its Global Competitiveness Report (GCR) 2018 on 17 October 2018. The GCR 2018 uses a new approach to capture the countries’ readiness for the 4th Industrial Revolution. The new Global Competitiveness Index 4.0 (GCI 4.0) therefore focuses on factors that are relevant for being at the forefront of the […]
September 2018 inflation rate – high oil prices start to bite
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for September 2018 on 11 October 2018. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate rose from 4.4% in August 2018 […]
Why not creating farmworker villages?
The Second Land Conference held last week in Windhoek has covered a vast array of different land-related topics. Access to urban land, title deeds in communal areas, flexible land tenure systems, and the plight of farmworkers were just some of them. Farmworkers and their families often face uncertainties regarding a place to stay when they […]