Economy

Economy (712)

Namibian motorists should brace for more fuel hikes in the coming months, with the local pump price expected to breach the N$20 a litre mark, increasing to as high as N$30 per litre if oil prices continue on an upward trend, economic analysts have warned.

The Namibian government says it raised N$567 million from the auctioning of the Governmental Objective Fish Quota in 2021.

If you are wondering how the Russia, Ukraine conflict, which is 13 000 kilometers away, will impact you in Namibia, wonder no further. Simonis Storm Economist, Theo Klein, unpacks the impact. Below is his analysis.

A large contingent of United States-based businesses that was in Namibia to explore investment and commercial opportunities has concluded its visit after meeting with Vice President Nangolo Mbumba, other government leaders and local businesses.

The Namibia Statistics Agency (NSA) has once again cancelled the 2021 Population and Housing Census (PHC), this time citing funding constraints.

The Bank of Namibia (BoN) says the country’s economy is expected to grow by 3.4% in 2022, driven by growth in the extractive sector.

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.”

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