Namibia's economy expected to grow 3.8 pct in 2025: central bank


  • World
  • Tuesday, 29 Apr 2025

WINDHOEK, April 28 (Xinhua) -- Namibia's economy is projected to grow 3.8 percent in 2025 and 4.0 percent in 2026, driven by improvements in crop farming, uranium production, and expansion in the electricity and water sub-sectors, according to figures released by the country's central bank on Monday.

The gradual recovery is expected to be supported primarily by growth in the primary industries, particularly agriculture and mining, while secondary industries, notably electricity and water, are forecast to provide additional momentum, the Bank of Namibia said in its latest Economic Outlook.

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