Moody’s Downgrades Namibia to Sub-Investment Grade On Friday 11 August Moody’s Investors Service downgraded Namibia from Baa3 to Ba1, sub-investment grade. While the timing was unexpected, the downgrade was not. At the start of the year we voiced our concern that Namibia would lose its investment grade rating. We thus… Continue reading
Overall Total credit extended to the private sector increased by N$180.6 million or 0.2% m/m in June, bringing the cumulative credit outstanding to N$88.13 billion. On a year on year basis, credit extended grew by 7.96% in June, compared to 8.24% recorded in May. Growth in private sector credit extension… Continue reading
Annual inflation declined to 6.1% y/y in June, 0.2% y/y lower than in May, while prices increased by 0.1% m/m, similar to the price level increase witnessed in May. The slowdown in annual inflation was caused mainly by moderation in the price inflation levels of transport and alcoholic beverages and… Continue reading