Search

Namibia Upgrades Economic Outlook After Oil and Mining Boom

Allen dreyfus Logo
© Allen Dreyfus
  • Namibia increases its economic growth forecasts for 2023 and 2024.
  • Strong performance in the natural resources sector, particularly in uranium production fuels optimism.

 

Namibia has revised its economic growth forecasts upward for 2023 and 2024, after robust activity in its oil and mining sectors, Finance Minister Ipumbu Shiimi said during his budget speech on Wednesday.

Recent Business

A section of a factory or manufacturing entity. Photo by Peter H @ Pixabay
Morocco’s industrial output accelerates in Q3 as manufacturing and power lead
Read More »
Iron ore mining site. Photo by Bishnu Sarangi @ Pixabay
South Africa mining rebounds in Q3 as iron ore, PGMs lift output and sales
Read More »
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
PayPal targets Africa with cross-border digital wallet in 2026
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights