Economy

Faced with both rising food prices and shortages, the government has agreed on a three-year plan from 2009 to increase the budget of the Ministry of Agriculture from 4% of the total... 2008-06-23

With unemployment still very high despite impressive economic growth, the IMF is set to approve the granting to Namibia of the second of two Development Policy Loans (DPL). Valued... 2008-06-19

We see scope for short-term depreciation in the kwacha towards ZMK3,500/US$, following a drop in copper's price from US$4.03/lb on April 17 to US$3.56/lb on June 5. Over the last... 2008-06-05

BMI View: We see real GDP growth leaping to 7.2% this year, up from 6.3% in 2007, driven by investment inflows into the burgeoning mining sector. In 2009, we anticipate growth ticking... 2008-06-02

BMI View: Some local analysts believe that the true rate of inflation is now at least 1,000,000,000% and spiralling. As ever, the propelling force is massive state overspending... 2008-06-02

BMI View: We have revisited our standing forecasts and still feel they are valid, although our forecast for end 2009 inflation is the one indicator that may prove optimistic, but... 2008-06-02

BMI View: Despite strong growth - which we see coming in at 7.0% in 2008 and accelerating to 7.5% in 2009, inflation should continue its downward trend, posting 7.3% this year followed... 2008-06-02

BMI View: We see the exchange rate ending 2008 near its current position around ZMK3,400/US$, as appreciatory pressure from FDI inflows and depreciatory pressure from a potentially... 2008-06-02

BMI View: We see real GDP growth accelerating to 5.9% in 2008 on the back of strong performances from the financial, tourism and textile industries. Combined with our forecast appreciation... 2008-06-02

BMI View: We are forecasting real GDP growth of 17.0% in 2008, followed by a still-strong 13.4% in 2009. The export sector will remain a key driver of growth over the medium term,... 2008-06-02