Owning a bakkie in Namibia is an emotional endeavour. This is because, for many Namibians, a bakkie is more often than not used to put bread on the table as it is utilised either as a farming workhorse or a reliable cargo and people carrier to tow and load goods for big and small businesses. ...
Despite higher interest rates that might have deterred credit demand, corporate appetite has actually increased as Private Sector Credit Extension (PSCE) for May reached the highest level recorded so far this year. This is the highest level since the 3.9% year-on-year (y/y) increase seen in March 2023. “This implies that companies think now is a...
Looking for work in Namibia can not only be a nightmare, but is also a mammoth and expensive exercise. Namibia’s overall unemployment rate last year was estimated at 34%, while youth unemployment had surpassed the astronomical 45% mark. It is a situation described by late president Hage Geingob as a ticking time-bomb. However, local employment...