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Namibia Employment Situation: Labour Survey Was Miscalculated

Labour Survey Was Miscalculated

  • Country news
  • 2 days ago
  • by All Africa Global Media

THE 2008 Labour Force Survey , which had showed that the region's unemployment rate was 51 % was a "miscalculation" Director General of the National Planning Commission , Tom Alweendo said on Friday. In the latest survey released recently by the Namibian Statistics Agency recently, the unemployment rate was put at 27 %. Alweendo said there is no way, unemployment would have jumped from 37...

Namibia Trade Statistics: Foreign trade & payments risk

Foreign Trade & Payments Risk

  • Country news
  • 6 days ago
  • by Economist Intelligence Unit

RISK RATINGS Current Current Previous Previous   Rating Score Rating Score Overall assessment B 38 B 38 Foreign trade & payments risk B 21 B 25 Note: E=most risky; 100=most risky. The risk ratings model is run once a quarter. Download the numbers in Excel SUMMARY Exchange controls will remain only partly liberalised so long as Namibia...

Namibia Economic Profile - May 09, 2013

Namibia Country Update - 2013-05-09

  • Country news
  • May 9, 2013
  • by Economist Intelligence Unit

Outlook for 2013-17: Forecast summary Forecast summary ( % unless otherwise indicated)   2012 a 2013 b 2014 b 2015 b 2016 b 2017 b Real GDP growth 5.0 4.5 5.5 6.6 5.3 4.9 Gross agricultural production growth 2.0 2.0 1.7 1.9 2.3 2.3 Consumer price inflation (av) 6.5 5.7 4.5 5.0 5.3 5.6 Consumer price inflation (end...

Namibia Economic Profile - May 09, 2013

Namibia Country Update - 2013-05-09

  • Country news
  • May 9, 2013
  • by Economist Intelligence Unit

Data , charts: Quarterly data   2011       2012         1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Prices                 Consumer prices (Dec 2001=100) 177.3 180.7 182.8 185.0 189.7 191.5 194.1 198.0 Consumer prices ( % change, year on year) 3.5 5.1 5.2 6.4 7.0 6.0 6.2 7.0 Financial i...

Namibia Economic Overview: No Lead, Less Sulphur

No Lead, Less Sulphur

  • Country news
  • May 3, 2013
  • by All Africa Global Media

The Ministry of Mines , Energy announced that Lead Replacement Petrol (LRP 93) will be phased out of the Namibian Industry as Wednesday 01 May 2013 , that there will be no gazetted retail price for it as from 15 June 2013 . LRP 93 was introduced as an intermediate grade with the phase-out only being a matter of time at the time it was introduced. This coincided with the introduction of ...

Namibia Labor Market Data: Tipeeg Moving Too Slowly

Tipeeg Moving Too Slowly

  • Country news
  • May 2, 2013
  • by All Africa Global Media

PRESIDENT Hifikepunye Pohamba yesterday, revealed that the government was running behind schedule to create jobs through the Targeted Intervention Programme for Employment , Economic Growth (Tipeeg). Between April 2011 , February this year only 44 800 jobs were created through Tipeeg, Pohamba told those who attended the national May Day celebrations in Keetmanshoop yesterday. When Ti...

Namibia Economic Overview: Exit 93 Petrol, Enter New Sulphur Diesel

Exit 93 Petrol, Enter New Sulphur Diesel

  • Country news
  • Apr 30, 2013
  • by All Africa Global Media

NAMIBIANS driving older automobiles that use leaded petrol (93) will soon find themselves having to use unleaded petrol (95) for these vehicles. Mines , Energy Minister Isak Katali announced yesterday that the leaded replacement petrol (LRP) will be phased out of the Namibian Industry with effect from 1 May 2013 , there will be no official retail price for it as from 15 June 2013 . "LRP 93 w...

Namibia Economic Outlook: Namibian Economy Resilient - Shiimi

Namibian Economy Resilient - Shiimi

  • Country news
  • Apr 25, 2013
  • by All Africa Global Media

AS global economic conditions remain weak with no clear signs of a significant recovery expected soon, the Namibian economy remains relatively resilient, while inflation remains at tolerable levels. The government's fiscal position improved markedly during the 2012/13 financial year, allowing a large build-up of cash balances with the Bank of Namibia (BoN) , aiding a stronger international...

Namibia Demographic Data: SACU Billions Boost Savings

Sacu Billions Boost Savings

  • Country news
  • Mar 27, 2013
  • by All Africa Global Media

THE just over NUS Dollars 11 billion Namibia received from the revenue-sharing pool of the Southern African Customs Union (Sacu) last year, helped boost savings in the region by percentroughly 80% compared to 2011, the latest figures by the Namibia Statistics Agency (NSA) show. Namibia's Sacu receipts increased from about NUS Dollars 7.9 billion in 2011 to some NUS Dollars 11.2 billion last year. Net savings grew from ne...

Economic Indicators in Namibia: Sanlam Economist Says Weak Rand Good for Trade Balance

Sanlam Economist Says Weak Rand Good For Trade Balance

  • Country news
  • Mar 25, 2013
  • by All Africa Global Media

" South Africa is running a wide current account deficit (-6.5 % of GDP in the 4thquarter of 2012). Hence, the region has insufficient domestic savings to fund investment. Of late, it appears as though these foreign capital inflows may have slowed, causing the Rand , hence the Namibia Dollar to depreciate. But the weaker currency should help improve South Africa (, Namibia's ) trade bala...

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