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Economy sees 4.7% growth in 2024 first quarter

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The gross domestic product for the first quarter of 2024 indicates exceptional growth in most economic sectors. 

This was highlighted in the capital by the Namibia Statistics Agency at the release of GDP for the first quarter of 2024.

Bank of Namibia expects economic growth

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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.

Local authorities in southern Africa struggle financially  

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Financial instability, compounded by low economic growth, is the biggest challenge facing municipalities in southern Africa. 

The South African Local Governance Association President, Stofile Bheke, said this while addressing attendees at the Local Economic Development Indaba held at Luderitz. 

Positive economic growth recorded in 2022

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Namibia recorded positive economic growth in 2022, despite the impact of adverse economic conditions.

This, according to Economist Ruusa Nandago, is largely due to a 22% increase in the mining sector.

MTC reports N$52,9 million in 2022 revenues

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The Mobile Telecommunications Company (MTC) achieved profitable growth and increased its infrastructure investment during 2022 as its customer-centric digital transformation strategy delivered value.

The company's revenue has grown from N$25,6 million in 2021, to N$52,9 million in 2022.