Economy

Economy (712)

More and more Namibians are expected to feel the pain of the forecasted 100bps hike in the repo rate before the end of 2022.

The mooted multi-million-dollar Biomass Industrial Park project is expected to boost Otjiwarongo's economy through the creation of 300 jobs, while unlocking business markets for locals.

Finance Minister Iipumbu Shiimi says the government has no appetite to reduce its workforce as a means to meet rising civil servants' demands.

Namibia's creditworthiness continues to slide following Fitch's decision to downgrade the economy's sovereign credit rating, the second downgrade from the ratings agency in three years.

Namibia and Germany signed a cooperation agreement on Friday and here’s what you need to know:

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

Economic processes impact the lives and livelihoods of people who frequently have little or no voice. The economic development and social justice by encouraging economic transformation that increases material opportunity in ways that promote open and prosperous Namibians.

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 improved tourist arrivals. 

The Businessman arrested by the Anti-Corruption Commission on Monday has been identified as Chinese national, Guo Yunhai, owner of ABC Investments CC.

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 in Doha at the second annual Qatar Economic Forum.

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