The month of May has recorded an inflation rate of 6,3% – but the Khomas region is where the rise in the prices of goods and services is not that steep.
Early this year, Anderek Shigwedha, a poultry farmer in northern Namibia, was hoping for growth in his small-scale venture. But now, rampant inflation and price spikes are straining the production capacity to rear chickens. Shigwedha is one of the many small-scale poultry farmers in Namibia facing tougher challenges as commodity…
With the relatively recent proposal in the British parliament to ban the import of wildlife trophies, the issue has once again taken center stage among factions of the global conservation community. Despite the potential ban’s limited impact on its own trophy hunting industry, Namibia is often raised as a case study to make a strong […]
Business booming at Walvis Bay - The Southern Times southerntimesafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southerntimesafrica.com Daily Mail and Mail on Sunday newspapers.
Namibia economy on the mend
Tiri Masawi
YOU MAY ALSO LIKE
However, the tourism is still limping as international travel remains curtailed by the COVID-19 pandemic.
Briefing the local media this week, Bank of Namibia Governor Mr Johannes !Gawaxab said full economic recovery would be hinged on vaccinations, investments and financial sector stability.
“In terms of the country’s economic challenges, which were exacerbated by the COVID-19 epidemic, Namibians, along with the rest of the world, have been through unprecedented and tough circumstances since the pandemic’s outbreak.
“As a result, Namibia’s GDP shrank by eight percent in 2021, eliminating jobs and hobbling businesses while also putting pressure on the government debt. The country cannot afford another hard lockdown since it would jeopardise more jobs and businesses,” he said.