The Namibia Statistics Agency (NSA) announced on Thursday that the country’s economy grew by 1.6% in real terms during the second quarter of 2025 (Q2 2025). This represents a slowdown compared to the 3.3% increase recorded in the same period in 2024.
The Kavango East Region is focusing on enhancing its agriculture sector to improve the livelihood of its residents.
This was communicated during the maiden State of the Region address by Governor Hamunyera Hambyuka.
President Netumbo Nandi-Ndaitwah says the upgraded banknotes and coinage series align with the recently unveiled sixth National Development Plan (NDP6).
Dr. Nandi-Ndaitwah launched the upgraded series of banknotes and coinage in circulation, a first since 1993.
Namibia will officially launch trading under the African Continental Free Trade Area (AfCFTA) at a high-level event scheduled for Monday, 30 June 2025, in Walvis Bay.
The Confederation of Namibian Fishing Associations (CNFA) has warned the government against auctioning fishing quotas.
Its Chairperson, Matti Amukwa, said the approach discourages the nationalisation of the industry.
Amukwa was speaking at the annual fishing industry address at Walvis Bay.
Micro, Small, and Medium-sized Enterprises (MSMEs) play a vital role in an economy, particularly in providing necessary goods, services, and employment opportunities for citizens.
Namibia's borrowing and debt levels have been a concern in recent years, but are now under control and are showing a decline since the beginning of this year.
Finance and Public Enterprises Minister, Iipumbu Shiimi, said the country's debt level is still sustainable and within controllable levels.
Higher Education, Training, and Innovation Minister Itah Kandjii-Murangi has said the development of professional and technical human resources, research, science, technology, and innovation infrastructure is the cornerstone of the transformation of the Namibian economy.
Namibia has recorded an increase in inflation during 2022 compared to 2021, posing great pressure on the cost of living.
This was revealed in the Bank of Namibia 2022 Annual Report, launched in the capital on Wednesday.
Overall inflation rose significantly from 3,6% in 2021, to 6,1% in 2022.
