The Minister of Finance has predicted a GDP growth rate of 4.5% this year and 4.7% in 2026.

Ericah Shafudah said the strong growth is a result of activities in the mining sector, as uranium and gold prices remain broadly favourable.

Finance Minister Ericah Shafudah has tabled a budget of N$106.3 billion for the 2025-2026 financial year, the maiden budget of the new administration of President Netumbo Nandi-Ndaitwah. 

The budget, themed "Beyond 35, for a Prosperous Future", marks an increase of 22.6% from the previous year.