According to Acting Statistician-General of the NSA, Lina Ndafewayo Kafidi, the broadly defined unemployment rate fell to 28.1% in 2014 versus 29.6% reported in 2013. The Labour Force Survey indicated that there was an increase in labour force participation of 10 217 persons, bringing the total labour force to 990 998… Continue reading
The Namibian Monetary Policy Committee (MPC) decided to leave the repo rate unchanged at 6% today (12 December 2014). This is the first meeting of the MPC since the South African Reserve Bank (SARB) kept the SA repo rate unchanged at 5.75% in November. According to the Bank of Namibia “The decision was taken to support domestic economic activities, while monitoring the effects of recent monetary policy decisions”. Please see the full report below.
Private sector credit extension growth remained unchanged in September, at an elevated level of 16.3 percent year on year. This growth was driven by strong uptake in credit to businesses, which expanded by 20.2 percent year on year, while credit extension to individuals saw lesser growth of 12.9 percent year… Continue reading