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Namibia Upgrades Economic Outlook After Oil and Mining Boom

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Will McBain

African markets specialist and editor at 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.

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