The Namibian annual inflation rate increased marginally to 2.4% y/y in December, following the 2.2% y/y increase in prices recorded in November. Prices in the overall NCPI basket remained steady on a month-on-month basis, an indication of the subdued inflationary pressure currently being experienced. The annual average inflation rate for… Continue reading
Overall Private sector credit (PSCE) increased by N$1.09 billion or 1.05% m/m in November, bringing the cumulative credit outstanding to N$104.68 billion. On a year-on-year basis, private sector credit increased by 2.31% in November, compared to 1.65% y/y in October. On a rolling 12-month basis, N$2.37 billion worth of credit… Continue reading
The City of Windhoek approved a total of 271 building plans worth N$237.2 million in November, 35 fewer than in October. In value terms, approvals fell by N$90.5 million to N$237.2 million in November from N$327.7 million worth of approvals in October. A total of 61 building plans worth N$40.4… Continue reading