Browsing: Repo rate predictions in Namibia

• The credit growth in Namibia has surpassed the average annual credit growth over the past few years, largely driven by corporate entities.
• The private sector credit uptake has reached a remarkable N$118 billion in 2022, which reflects a 3.6 per cent average growth compared to the 3.4 per cent predictions.
• The 4.2 per cent year-on-year credit growth in December 2022, as opposed to the 3.7 per cent growth recorded in November 2022, has been instrumental in this upward trend.

The financial landscape in Namibia has undergone a significant shift as the private sector’s credit uptake surpasses the N$100 billion mark. Analysts at Simonis Storm Securities have reported that credit growth in 2022 exceeded expectations, reaching N$118 billion with an average growth rate of 3.6 per cent, compared to the predicted 3.4 per cent.

December 2022 saw a year-on-year credit growth rate of 4.2 per cent, a significant increase from November’s …