Namibia's economy has remained virtually stagnant for more than five years.

This is owing to a combination of factors that continue to add pressure on households, businesses, and government finances, and warnings are that recovery would take time.

Namibia's cost of living continues to rise, with annual inflation increasing to 5,6% in October, up from 5,4% in September.

Bank of Namibia Governor Ebson Uanguta says the country's economic recovery faces increased pressure from foot-and-mouth disease, rising fuel costs and a widening trade deficit.

This is despite projections of economic growth of 2.1% this year.

Namibia's economic growth is projected to be at 2,3% in 2026, lower than the earlier forecast of 3,1%. 

This reflects weaker-than-expected performance in the first half of the year.

Fuel prices across Southern Africa have surged to record highs this month, driven by a combination of escalating geopolitical tensions in the Middle East, weaker regional currencies and the phasing out of government tax-relief measures.

The Namibian Broadcasting Corporation (NBC) has highlighted its expertise in telling the story of trade and the critical role Namibian ports play in the economy.

This was discussed when NBC Director General Menesia Muinjo paid a courtesy visit to Namport in Walvis Bay.

Namibia's new vehicle market remains robust, with sales during the first eight months of the year reaching their highest level for this period since 2015.

Despite a slowdown in August, the market remains ahead of last year, with more than 10,000 new vehicles sold between January and August.

Namibia’s annual inflation rate accelerated to 5% in August 2026, reaching its highest level since February 2024.

The Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning is probing whether the current lending practices are placing excessive pressure on workers and whether existing laws are sufficient to protect borrowers.

A national budget is the government’s financial roadmap. It sets out how much revenue is expected and how public funds will be allocated to key priorities and sectors.