Ratings published by Fitch downgraded Namibia in the Long Term Foreign Currency Issuer Default Rating (IDR) from BB+ to BB, which explains the outlook's stability. Key Drivers Of The Ratings As a consequence of declining growth rate and fiscal measurements, these metrics have reflected Namibian ratings' downgrading. With the decline in the macroeconomic environment, Fitch Ratings has decided to...
growth
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 steady economic growth. These calls are aimed at...
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 and government fiscal consolidation. Geremia Palomba...
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 and residential buildings under construction. “It is predicted...
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 more evident in real price changes, which has been in the...