The Swakara Industry is gaining traction after being severely impacted by the COVID-19 pandemic, which resulted in a cash flow crisis.

This was revealed by the Swakara Board Chairperson Julene Meyer during the Swakara Industry Forum annual general meeting held in Keetmanshoop.

New data from First National Bank reveal an increase in household borrowing in March, signaling a modest sign of economic recovery amid ongoing financial pressures on consumers and businesses.

The green hydrogen programme is seen as a game changer in Namibia's quest for economic recovery and inclusive growth.

The chairperson of the Namibia Green Hydrogen Council, Obeth Kandjoze, revealed that the green hydrogen initiative has so far created employment for about 500 people.

The Bank of Namibia (BoN) announced on Wednesday that some of the COVID-19 relief measures will remain in place to support economic recovery.