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
Second quarter 2018 trade statistics – some worrying trends
The Namibia Statistics Agency (NSA) has released the trade statistics for the second quarter 2018 on 13 September 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 value of exports increased by 19.6% […]
August 2018 inflation rate – inflation eases slightly
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for August 2018 on 13 September 2018. The CPI is being used to calculate the monthly (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate eased slightly from 4.5% in July […]
Are we in for another perfect storm?
Emerging markets have come under severe pressure recently, partly owing to global events and partly to domestic – mainly policy – issues. The Argentinian peso lost about 50% of its value against the US dollar forcing the central bank to raise interest rates to 60%. The Turkish lira lost 40%. Following suit is the South […]
How do rural people save and invest traditionally?
7 September 2018 From income and expenditure surveys we know quite a lot about what people earn and spend from day to day. The surveys also tell us about sources of incomes. By contrast, less information is collected on what people save or in what they invest. That seems odd. Why should we pay scant […]