The Namibian Stock Exchange (NSX) demonstrated marginal progress this week, with the Local index inching up 0.01% to 690.7 factors and the Overall Index exhibiting extra substantial momentum, rising 1.33% to 1877.8 factors. As of December 8, 2024, FirstRand Namibia stays the trade’s heavyweight, sustaining a market capitalization of N$12.5 billion, adopted by Capricorn Group at N$10.7 billion, with Namibia Breweries and Mobile Telecommunications finishing the highest 4. Trustco Group Holdings emerged because the week’s standout performer, delivering a 2.9% share worth enhance to shut at N$0.35, whereas Capricorn Group registered a extra modest 0.1% achieve to N$20.53. Trading quantity was led by FirstRand Namibia, which noticed N$1.9 million in shares exchanged, narrowly forward of Namibia Breweries at N$1.7 million. The Namibian Dollar exhibited combined forex efficiency, marginally gaining 0.05% in opposition to the US Dollar to shut at N$18.05, experiencing a slight 0.04% depreciation in opposition to the British Pound at N$23.01, and recording a minimal 0.05% appreciation in opposition to the Euro, settling at N$19.09.

In its ultimate bi-monthly assembly for 2024, the Bank of Namibia’s Monetary Policy Committee (MPC) signaled cautious optimism by decreasing the coverage charge by 25 foundation factors to 7.00 %. The unanimous resolution goals to help home financial restoration whereas sustaining the crucial Namibia Dollar-South African Rand forex peg. Economic indicators reveal a nuanced image of Namibia’s financial efficiency through the first ten months of 2024. Robust progress emerged in a number of sectors, together with mining, electrical energy era, wholesale and retail commerce, tourism, communication, and transport, with the livestock advertising subsector additionally contributing positively. However, the financial panorama was not uniformly shiny, as diamond and crop manufacturing subsectors skilled contractions, and the development sector remained tepid. The MPC’s projections mirror this complexity, revising the actual GDP progress forecast upward to 2.4 % for 2024—a 0.4 proportion level enchancment from earlier estimates. This adjustment stems primarily from stronger-than-expected efficiency in major industries, significantly gold mining. Looking forward, the committee additionally marginally elevated its 2025 progress projection to 4.0 %, suggesting cautious financial optimism for the close to time period.