A total of 276 building plans were approved by the City of Windhoek in July, 42 more than the 234 approvals in June. The value of building plans approved in July was N$214.7 million, which is only the second month this year in which approved plans surpassed the N$200 million… Continue reading
Overall Private sector credit extension (PSCE) increased by N$292.8 million or 0.3% m/m in July. Cumulative credit outstanding currently amounts to N$93.4 billion. PSCE growth slowed to 6.3% y/y in July from 6.4% y/y in June. This slowdown was driven by slower growth in credit extended to corporates at 3.4%… Continue reading
The Namibian annual inflation rate increased to 4.5% in July, following the 4.0% y/y increase in prices recorded in June. Prices increased by 0.5% m/m, a notable acceleration from the 0.2% increase recorded in June. On an annual basis prices in five of the twelve basket categories rose at a… Continue reading