A total of 116 building plans were approved in December and represents a 50.6% m/m decline from the 235 building plans approved in November. In value terms approvals decreased by over N$70 million, registering approvals worth N$100 million in December. The 2017 calendar year saw the City of Windhoek approve… Continue reading
The Namibian annual inflation rate remained unchanged at 5.2% y/y for a third consecutive month. Prices increased by 0.2% m/m. Prices for food and non-alcoholic beverages, which was largely the driving force behind the moderation in annual inflation, continued to increase at slower pace in December. On a year on… Continue reading
Overall Private sector credit extension (PSCE) increased by N$584.5 million or 0.7% m/m in November, bringing the cumulative credit outstanding to N$89.4 billion. On a y/y basis, private sector credit extension increased by 4.5% in November, slowing from the 5.1% growth recorded in October. From a rolling 12-month basis, total… Continue reading