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Namibian Economics to the Point – April 2018

27. April 2018, inke - Economics

In April very good rains were recorded across most parts of the country, much to the relief of the agricultural sector. President Hage Geingob travelled to China for a state visit and was accompanied by a large business delegation of seventy people. Government has scrapped the 25 percent clause for black economic empowerment (BEE). Another economic highlight was the visit of a large business delegation from Iran. Namibia’s inflation for March remained at 3.5 percent, the same as February, according to the latest data from the Namibia Statistics Agency.

Namibian Economics to the Point – April 2018

Namibian Economics to the Point – March 2018

29. March 2018, inke - Economics

Late rains were welcomed in many parts of Namibia in March, though rain fell almost too late for crops like maize, wheat and mahangu (sorghum). Finance Minister Calle Schlettwein, tabled the new government budget of N$64.2 billion (about 4.4 billion Euros) in Parliament. Inflation for February stood at 3.5 percent according to the National Statistics Agency, down from 3.6 percent in January. Namibia’s central bank announced that crypto-currencies like bitcoin are not legal tender in the country.

Namibian Economics to the Point – March 2018

Namibian Economics to the Point – February 2018

02. March 2018, bernd - Economics

February 2018, similar to January, was another month of little rainfall in most parts of Namibia. Government announced austerity measures for the next three years, while a long-awaited Cabinet reshuffle took place. Inflation in January dropped to 3.6%, compared to 5.2% in December 2017 and 8.2% January 2017 according to the National Statistics Agency (NSA).

Namibian Economics to the Point – February 2018

Namibian Economics to the Point – November 2017

01. December 2017, inke - Economics

It was a month of mixed fortunes for Namibia’s economy, with improved rankings in two international ratings but a downgrade by Fitch. Parliament approved an additional budget of N$4.1 billion (about 61.5 million Euros). Inflation for October dropped to 5.2 percent compared to 5.6 percent in September. Only a few rainfalls were recorded in November, after good rains a month earlier. 

Namibian Economics to the Point – November 2017

In Namibia encroaching bush is turned into charcoal

13. November 2017, inke - Economics

Pillars of smoke rise from the bush, but the farmer remains surprisingly calm. Namibia’s farmers used to react with immediate alarm when they detected a whiff of smoke somewhere on their land. These days the almost sole cause of smoke is charcoal production. Strict regulations are in place to prevent grass fires, which can also be devastating for neighbouring farmers. Charcoal production is still a rather young industry in Namibia, but it is already internationally recognised and also well regulated and organised. 

In Namibia encroaching bush is turned into charcoal

Namibian Economics to the Point – October 2017

02. November 2017, inke - Economics

Several Namibian Regions received the first good rainfall at the end of October, while the meteorological authority predicts a normal to just below normal rainfall this rainy season. Petrol and diesel prices remained unchanged this month. The Bank of Namibia kept its repo rate unchanged at 6.75 percent in October. Inflation for September increased slightly to 5.6 percent.

Namibian Economics to the Point – October 2017

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