Namibia: Private Credit Extension Moves to Highest Level

With a resurgence largely driven by a surge in overdraft lending across both households and corporates, Namibia’s Private Sector Credit Extension (PSCE) has shown its strongest expansion since the start of the year and the highest level seen since September last year.

This is as PSCE increased to 4.8% year-on-year (y/y) in April 2026, from 4.3% y/y in March 2026.

In an analysis of the latest figures, FNB Namibia Graduate Analyst Ndateelela Amukuhu pointed out that while aggregate credit growth has…