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Wirtschaft

Namibia’s economic recovery ‘disgraceful’

Namibia's low growth trajectory is far short of what it needs to undo the economic damage of recent years, analysts say.

Jo-Mare Duddy Booysen

Vor 3 Jahren 29 July 2021 - 2021-07-29 00:00:00

Jo-Maré Duddy – Dragging vaccine roll-out and the re-imposition of some lockdown measures during the third wave of Covid-19, as well as lower than expected diamond production me

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Katima Mulilo: 24° | 36° Rundu: 19° | 33° Eenhana: 21° | 28° Oshakati: 21° | 27° Ruacana: 21° | 32° Tsumeb: 19° | 23° Otjiwarongo: 18° | 28° Omaruru: 19° | 31° Windhoek: 18° | 28° Gobabis: 19° | 30° Henties Bay: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 13:56, High tide: 07:46, Low Tide: 02:00, High tide: 20:14 Swakopmund: 15° | 16° Wind speed: 24km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:44, Low Tide: 02:00, High tide: 20:12 Walvis Bay: 15° | 22° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:43, Low Tide: 02:00, High tide: 20:11 Rehoboth: 18° | 30° Mariental: 21° | 33° Keetmanshoop: 20° | 35° Aranos: 20° | 33° Lüderitz: 14° | 23° Ariamsvlei: 21° | 36° Oranjemund: 14° | 20° Luanda: 25° | 26° Gaborone: 18° | 27° Lubumbashi: 17° | 33° Mbabane: 14° | 32° Maseru: 14° | 23° Antananarivo: 15° | 31° Lilongwe: 20° | 29° Maputo: 19° | 34° Windhoek: 18° | 28° Cape Town: 16° | 22° Durban: 18° | 27° Johannesburg: 17° | 26° Dar es Salaam: 25° | 31° Lusaka: 19° | 34° Harare: 17° | 32° Currency: GBP to NAD 22.56 | EUR to NAD 18.8 | CNY to NAD 2.44 | USD to NAD 17.45 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.06 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.1 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1680.41 | USD to ZAR 17.45 | USD to ZMW 27.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1878.29 Up +1.09% | Casablanca Stock Exchange (CSE) MASI 14487.67 Up +1.33% | Egyptian Exchange (EGX) 30 Index 31267.47 Up +0.72% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 688.29/OZ DOWN -0.0069 | Copper US$ 4.35/lb DOWN -0.0161 | Zinc US$ 3 040.30/T DOWN -0.72% | Brent Crude Oil US$ 74.99/BBP DOWN -0.0123 | Platinum US$ 985.06/OZ DOWN -0.0121 Sport results: Weather: Katima Mulilo: 24° | 36° Rundu: 19° | 33° Eenhana: 21° | 28° Oshakati: 21° | 27° Ruacana: 21° | 32° Tsumeb: 19° | 23° Otjiwarongo: 18° | 28° Omaruru: 19° | 31° Windhoek: 18° | 28° Gobabis: 19° | 30° Henties Bay: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 13:56, High tide: 07:46, Low Tide: 02:00, High tide: 20:14 Swakopmund: 15° | 16° Wind speed: 24km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:44, Low Tide: 02:00, High tide: 20:12 Walvis Bay: 15° | 22° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:43, Low Tide: 02:00, High tide: 20:11 Rehoboth: 18° | 30° Mariental: 21° | 33° Keetmanshoop: 20° | 35° Aranos: 20° | 33° Lüderitz: 14° | 23° Ariamsvlei: 21° | 36° Oranjemund: 14° | 20° Luanda: 25° | 26° Gaborone: 18° | 27° Lubumbashi: 17° | 33° Mbabane: 14° | 32° Maseru: 14° | 23° Antananarivo: 15° | 31° Lilongwe: 20° | 29° Maputo: 19° | 34° Windhoek: 18° | 28° Cape Town: 16° | 22° Durban: 18° | 27° Johannesburg: 17° | 26° Dar es Salaam: 25° | 31° Lusaka: 19° | 34° Harare: 17° | 32° Economic Indicators: Currency: GBP to NAD 22.56 | EUR to NAD 18.8 | CNY to NAD 2.44 | USD to NAD 17.45 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.06 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.1 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1680.41 | USD to ZAR 17.45 | USD to ZMW 27.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1878.29 Up +1.09% | Casablanca Stock Exchange (CSE) MASI 14487.67 Up +1.33% | Egyptian Exchange (EGX) 30 Index 31267.47 Up +0.72% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 688.29/OZ DOWN -0.0069 | Copper US$ 4.35/lb DOWN -0.0161 | Zinc US$ 3 040.30/T DOWN -0.72% | Brent Crude Oil US$ 74.99/BBP DOWN -0.0123 | Platinum US$ 985.06/OZ DOWN -0.0121