A total of 1,535 new vehicles were sold during May, up 3.8% from the April sales of 1,479, however, 4.2% less than May 2015, driven by a slowdown in both passenger and commercial vehicle sales. At this point of the year, 7,278 vehicles have been sold so far in 2016,… Continue reading
The Namibian annual inflation rate increased further to 6.6% in April. On a month on month basis, prices continued to rise, up 0.6% after the 0.8% uptick seen last month. On a year on year basis, eight of the twelve basket categories grew at a quicker rate in April than… Continue reading
Overall Total credit extended to the private sector increased by N$241.8 million or 0.29%, in April, taking total credit outstanding to N$83.9 billion. On an annual basis PSCE growth increased by 12.4% in April compared to 13.0% in March. A total of N$9.3 billion worth of credit has been approved… Continue reading