Economics

Namibian economics to the point - September 2020

Warmer spring weather prevailed during September with a few cool days in southern Namibia at month-end.

Namibian economics to the point – August 2020

The cold winter weather prevailed during August with a short stint of slightly warmer temperatures in the third week and a few rain showers brushing over the southern parts of Namibia.

Namibian economics to the point – July 2020

Cold winter weather prevailed in the Namibian interior throughout July, while the coastal areas experienced warm east wind weather.

Namibian economics to the point – June 2020

Due to the difficult economic situation, companies started retrenching employees. The Bank of Namibia lowered its repo rate. Inflation at the end of May was 2.1 percent. The Fitch Ratings agency changed Namibia’s outlook from stable to negative.

Namibian economics to the point - May 2020

Some parts of Namibia received their final rain showers in the first few days of May as winter slowly approached towards month end. The news Finance Minister Ipumbu Shiimi tabled the budget for the financial year 2020-21 in Parliament.

Namibian economics to the point - April 2020

Good and widespread rains fell in April, even in some areas of southern Namibia. Most dam levels increased, with dams around Windhoek now being filled to over 80 percent capacity. Due to the Covid-19 pandemic, Namibia has also been under lockdown since 28

Namibian economics to the point -March 2020

Good rains fell in many parts of Namibia in March, increasing the water levels of the dams, especially in the central parts of the country.

Namibian economics to the point – February 2020

Namibia has received widespread good rains in the second half of February, which also improved water levels of several dams.

Namibian economics to the point - January 2020

Many parts of Namibia received good rains in the first half of January, including the northwestern Kunene Region and southern Namibia, with seasonal flows of several rivers.

Namibian economics to the point - December 2019

Widespread rains covering most parts of Namibia started in early December 2019 and continued over Christmas, causing several rivers to flow and replenishing low dam levels.

Namibian economics to the point - November 2019

After a five-year pause, Namibia will start exporting game meat in due course targeting the Netherlands, Germany, Italy, France and the United Kingdom as markets.

Namibian economics to the point – October 2019

The first measurable rains in the new rainy season fell in the first half of October with several thundershowers in the northeast later in the month.

Namibian economics to the point – August 2019

The winter month of August was unusually mild and also provided long spells of hot east wind weather for the coastal areas, including sand storms.

Namibian economics to the point – September 2019

September saw the departure of winter weather except for a short cold spell at month-end. The first few rain clouds appeared, raising hopes for the rainy season to start soon.

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