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 […]
Private sector credit extension August 2018 – strong demand by businesses
The Bank of Namibia has released selected statistical data for August 2018 that cover among others the extension of credit to the private sector (PSCE). We cover some of the highlights: Total credit extended to the private sector rose by 1.5% from NAD93,409 million in July to NAD94,783 million in August 2018. This is the […]
Fuel price increase Oct. 2018 – Large under-recoveries result in price hikes
The Ministry of Mines and Energy announced on 28 September 2018 a fuel price increase of NAD0.50 per litre for petrol and diesel countrywide with effect of 3 October 2018 midnight. Two factors continue to contribute to the upward price pressure: the depreciation of the Namibia dollar against the US dollar and rising global oil […]
Pursue a holistic transport sector strategy
Namibia has been investing heavily in public infrastructure from transport infrastructure to education and health. The investment is necessary to address existing backlogs as well as to accelerate the development of the country and achieve the main objectives of Vision 2030, namely to be a prosperous and industrialised country developed by her human resources. Since […]
Second quarter 2018 Gross Domestic Product growth – strong headwinds prevail
The Namibia Statistics Agency has released the Gross Domestic Product (GDP) figures for the second quarter 2018 on 20 September 2018. GDP in real terms dropped by 0.2% during the second quarter 2018 compared with the second quarter 2017. It is the ninth consecutive quarter of economic contraction. The last positive economic growth was recorded […]
Presentations on Inequality Conference 2018
Key note on Inequality in Namibia by Honourable Tom Alweendo, Minster of Mines and Energy From Poverty to Prosperity By: Ms Esther Lusepani –Permanent Secretary, Ministry of Poverty Eradication and social welfare Public Resources and Services By: Ms. Nangula Uaandja, Country Senior Partner, PWC