Namibia: 2023 in Review – a Year of Economic Revival

Despite numerous regional and global headwinds, domestic economic activity expanded during the first ten months of 2023, although at a slower pace compared to 2022. According to official figures, notable improvement was observed across many sectors, specifically mining, power generation, livestock agriculture, wholesale and retail trade, tourism, communication and transport.

However, domestic construction activity remained subdued, which remains a thorn in the side of local employment creation and…