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Fast growing African economies

Fast growing African economies

To many people around the world, Sub- Sahara Africa is a no-go region especially when one thinks in investment and entrepreneurship lines of thought. However to informed business minded people this region has endless great investment opportunities. Efforts have started to play off in African countries to diversify the economy in order to maintain a […]

Namibia suffered recession in 2017, but growth expected in 2018

Namibia suffered recession in 2017, but growth expected in 2018

International monetary fund (IMF) visited Namibia and found that the domestic economy has grown drastically. However, due to many adjustment phases, it might experience a slight negative decline in 2017 after growing by 1.1 percent in 2016. The negative rate of growth is attributed to the completion of many construction projects like mining in 2017 […]

Opuwo’s economic growth helped by construction sector

Opuwo’s economic growth helped by construction sector

The construction sector in Opuwo has really helped for growth of the town as well as for an amelioration in the local economy of that town. Local Economic Development officer Sean Makono said Opuwo said that the local economy “is booming”. He added that the construction sector is steadily improving. There are also many commercial […]

House price growth slows down

House price growth slows down

FNB Namibia’s Housing Index revealed yesterday that in June the average house in Namibia cost 6,4 per cent more than a year ago. Disposable income is under pressure and macro-economic challenges continue aggravating the Namibian housing market that saw the annual price growth slowing down to 6,4 per cent in June. This substantial decline is […]