@BankofNamibiaforecasts the domestic economy to grow by 1.4% in 2021
To improve to 3.4% in 2022, from a contraction of 8% in 2020 attributed to growth prospects in the mining sector & recovery in the tertiary sector. This is a downward revision from 2.7% announced in February
Namibia could miss its goal of delivering 20,000 housing units by the end of 2025 with only 29% having been completed to date and two years remaining, a new report has revealed.
The Electricity Control Board (ECB) has issued export licenses totalling 1.2 gigawatts (GW) of electricity to Independent Power Producers (IPPs) using the Modified Single Buyer (MSB) market model for export to the Southern African Power Pool (SAPP).
Namibia’s fishing industry recorded significant growth during the second quarter of 2023 after exports soared to N$4.1 billion compared to N$3.2 billion recorded during the same period last year.