Economy

Fitch downgrades Namibia, forecasts 2.8% growth in 2022

Fitch downgrades Namibia, forecasts 2.8% growth in 2022

Super User Jun 25, 2022 LatestNews

Fitch Ratings has downgraded Namibia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'BB'. The Outlook is Stable.

Non-ferrous metals Mining Index rises 19.4%

Non-ferrous metals Mining Index rises 19.4%

Super User Jun 23, 2022 Mining

Namibia’s Mining Index for other non-ferrous metal ores increased by 19.4% in the first quarter of 2022 after rising to 185.2 basis points compared to...

Strong economic growth expected

Strong economic growth expected

Super User Jun 22, 2022 Economy

Namibia's economy is expected to have recorded a strong growth on an annual basis in the first quarter on the back of increased mining output and impr...

Namibia's live cattle exports shoot up

Namibia's live cattle exports shoot up

Super User Jun 22, 2022 Agriculture

Cattle slaughtering increased marginally by 3.4% y/y in May 2022, while that of sheep dropped 12.0%, goats down 90.7% and pigs rose 12.8%. Live cattle...

Fewer building plans get nod in May

Fewer building plans get nod in May

Super User Jun 21, 2022 Property

The 146 building plans the City of Windhoek approved in May, represent a 15.6% m/m decrease from the 173 building plans approved in April.

Geingob to rub shoulders with Elon Musk, Dangote at Qatar event

Geingob to rub shoulders with Elon Musk, Dangote at Qatar ev…

Super User Jun 20, 2022 Economy

President Hage Geingob will this week rub shoulders with global business magnates such as Tesla CEO Elon Musk and Africa’s richest man Aliko Dangote i...

Namibia records highest occupancy rate since Covid outbreak

Namibia records highest occupancy rate since Covid outbreak

Super User Jun 20, 2022 Tourism

Tourists are slowly flocking back to Namibia after the country recorded a national hotel occupancy rate of 39.4% in May 2022, latest figures from the ...

Govt will not subsidise Electric Vehicles imports

Govt will not subsidise Electric Vehicles imports

Super User Jun 17, 2022 Technology

Government says it will not subsidise the importation of Electric Vehicles (EV) to cushion consumers amid rising fuel costs.

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