Economy

Economy (202)

The Ministry of Mines and Energy on Monday announced a huge fuel price increase for the month of March, with petrol increasing by N$1.20/litre and diesel by N$1.30/litre effective Wednesday, 2 March,2022.

Representatives from several major U.S. companies will begin a visit to explore investment and commercial opportunities in Namibia starting Monday, the US Embassy has announced.

The Ministry of Mines and Energy is set to announce the March fuel price for Namibia on Monday.

Finance minister Ipumbu Shiimi on Thursday announced a N$61.556 billion budget under the theme “Reimaging, a Better Future for the Youth.”

Finance minister Ipumbu Shiimi is projecting Namibia’s economy to grow by 2.9% this year before accelerating further to 3.7% in 2023.

Namibia’s mining sector has invested N$14.1 billion in the domestic economy over the past three years, statistics from the Bank of Namibia (BoN) have revealed.

The country is eagerly waiting to hear what Finance minister Ipumbu Shiimi will present in the 2022-23 National Budget on Thursday, at a time Namibia’s economy is slowly recovering from the negative effects of the deadly coronavirus pandemic.

Namibia’s economy is expected to grow by 3% this year, the Bank of Namibia (BoN) Governor Johannes !Gawaxab has said.

Namibia’s annual consumer price inflation hit a high of 4.6% in January 2022 compared to 2.7% recorded in January last year.

There cannot be a dispute about the wide-ranging implications of the ongoing Covid-19 pandemic. Lives have been lost and livelihoods have been ravaged over the past two years.