The Namibian annual inflation rate slowed down to 6.8% in August, down from 7.0% in July. On a month on month basis, prices continued to rise, up 0.2% after the 0.6% uptick seen last month. On a year on year basis, five of the basket categories increased at a faster… Continue reading
A total of 177 building plans were approved in August to the value of N$269.4 million. On a year-to-date basis, the City of Windhoek has approved 1,141 building plans, a significant decrease when compared to the 1,759 plans approved over the same period last year. However, the dollar value of… Continue reading
The below press release is from the Fitch Ratings website: Fitch Ratings-London-12 September 2016: Fitch Ratings has revised the Outlooks on the Long-Term Issuer Default Ratings (IDR) and National Long-Term Ratings of four Namibian corporates to Negative from Stable. A full list of rating actions is below. KEY RATING DRIVERS… Continue reading