Overall Total credit extended to the private sector increased by N$937.1 million or 1.1% in February, bringing the cumulative credit outstanding to N$87.21 billion. This is a slight uptick in the annual growth rate which has increased to 9.0% from 8.5% in January. The increase was driven by increases in… Continue reading
A total of 57 building plans were approved in February with a value of N$30.2 million, while 7 buildings with a value of N$27.4 million were completed. Thus far 2017 is off to a slow start, 231 plans were approved in the first two months while 48 were completed, the… Continue reading
The Namibian annual inflation rate declined slightly to 7.8% in February, 0.4% lower than the 8.2% y/y figure seen in January. Prices increased by 0.2% m/m. Annual inflation was mainly driven by housing, water, electricity and other fuel category which increased at a rate of 9.6% y/y and the food… Continue reading