Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Housing backlog headache
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Housing backlog headache

As Namibia’s urban population is expected to increase from 52% to 60% by 2030, the country’s demand for formal housing is increasing with urbanisation and offers a key economic opportunity. 

EU commits N$627 million for Namibia until 2024
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EU commits N$627 million for Namibia until 2024

The European Union has officially adopted its multi-annual indicative programme for Namibia for 2021 to 2017. Through this programme, the EU commits to provide N$627.3 million (37 million euro) for the initial period of the programme, running from 2021 to 2024.

Namibia’s May exports high
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Namibia’s May exports high

For the month of May 2022, Namibia’s exports earnings stood at N$5.7 billion, down by 5.2% on monthly basis, while the imports bill amounted to N$10.2 billion, up by 1.9% on monthly basis resulting in a trade deficit of N$4.6 billion. This is up 12.3% when compared to 4.1 billion observed in April 2022.