The domestic economy is expected to expand by 3.7% in 2024 and is forecast to further grow by 4.1% in 2025, indicating a positive trajectory for the country's economic landscape.

Namibia's economy has expanded in the third quarter to 7.2%, compared to 5.4% in the corresponding period last year.

The growth is attributed to the mining and quarrying sector, which posted a phenomenal 51.7% growth in real added value.

In cooperation with the UN in Namibia, the Bank of Namibia, the Ministries of Labour, Industrial Relations, Employment Creation, Industrialization, and Trade intend to conduct a study to comprehend the informal economy and its diversity, pinpoint solutions for related problems, and highlight opportunities for interv

Walvis Bay Mayor Trevino Forbes says the contribution of informal businesses to the economy of the town is valued.