… edit growth slowed slightly to 4.3% in March 2026, but underlying data points to a shifting credit cycle, with household borrowing strengthening sharply while corporate lending reflects largely seasonal fluctuations, according to Simonis Storm Securities economist Almandro Jansen …
Namibia credit growth slows, but household lending gains momentumNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Almandro Jansen
Also known as: economist Almandro Jansen
Almandro Jansen — economist arguing that Namibia's oil, gas and mineral wealth could drive long-term economic transformation depending on governance and institutional reform.
In coverage
Verbatim sentences from the source article.
- May 2026
Staff Reporter NAMIBIA faces a pivotal moment as emerging oil, gas and mineral wealth could either drive long-term economic transformation or deepen existing structural challenges, according to a new analysis by Simonis Storm Securities economist Almandro Jansen, who argues that …
Singapore model holds lessons for Namibia’s growth path- April 2026
… Almandro Jansen of Simonis Storm Securities says the increase was driven by strong demand in both passenger and light commercial segments. …
Japan takes the wheel in Namibia- March 2026
… Simonis Storm economist Almandro Jansen said it was important to also see the positives of investments and encourage oil majors to invest in Namibia. …
Oversight needed to avoid oil resource curse – IPPRBusiness Reporter AN economist from local stock broking and wealth management firm Simonis Storm Securities, Almandro Jansen, has opined that the 2026/27 Budget represents a stabilisation framework under constraint. …
2026/27 budget represents stabilisation efforts under financial constraints – Economists… Rising global rates or tighter domestic liquidity conditions could quickly increase borrowing costs, placing pressure on the consolidation path even if spending discipline holds”, stated economist Almandro Jansen from financial services firm, Simonis Storm (SS). …
Operational spending dominates N$104b budget …leaving room for private sector to meet developmental needs- January 2026
… In its most recent report on inflation, SS analyst Almandro Jansen stated that price pressures are expected to be driven largely by structural and service-related factors, rather than by broad-based demand or imported inflation shocks. …
Inflation expected to tick slightly higher… Borrowing patterns point to continued caution among households despite lower lending rates, Simonis Storm economist Almandro Jansen says. …
Namibia’s household credit conditions remain tight- November 2025
… Adding an economic perspective, Simonis Storm economist Almandro Jansen described Namibia’s high youth unemployment rate, which exceeds 60%, as a ticking time bomb. …
Calls for collaborative solutions on youth unemployment crisis- April 2025
… Simonis Storm Securities’ Almandro Jansen says this contributed to a slight moderation in private sector credit extension to 3.9% y/y (from 4.1% in January) – still stronger than last year’s 1.7%. …
Household borrowing relaxesat N$68.4 billion
Business
Private sector credit growth slows to 4.3%, household lending strengthens
The News
Namibia's private sector credit growth eased to 4.3% in March 2026 from 4.7% in February, with total credit at N$123.3 billion. Household borrowing gained momentum to 4.1% year-on-year—its highest in the current cycle—driven by stronger mortgage lending, instalment credit, and overdrafts, while corporate lending showed seasonal fluctuations.
7 May 2026 · Informanté →
Thursday 7 May
Private sector credit growth slows to 4.3%, household lending strengthens
Namibia's private sector credit growth eased to 4.3% in March 2026 from 4.7% in February, with total credit at N$123.3 billion. Household borrowing gained momentum to 4.1% year-on-year—its highest in the current cycle—driven by stronger mortgage lending, instalment credit, and overdrafts, while corporate lending showed seasonal fluctuations.
7 May 2026 · Informanté →
Sunday 3 May
Namibia could follow Singapore path with institutional discipline
Economist Almandro Jansen argues that Namibia's emerging oil, gas and mineral wealth could drive long-term economic transformation or deepen structural challenges depending on governance and institutional reform. Singapore transformed from a low-income economy (US$500 GDP per capita in 1965) into a high-income hub (exceeding US$100,000 by 2025), while Namibia has reached upper-middle-income status with roughly US$5,000 GNI per capita but remains constrained by high unemployment, limited diversification, and rising fiscal pressures.
3 May 2026 · Informanté →
Tuesday 21 April
Japan leads Namibia vehicle sales in March with 1,069 units
Namibia sold 1,069 Japanese vehicles in March, making Japan the country's largest vehicle source and driving total March sales to 1,662 units—a 43% monthly increase and the strongest March performance since 2015. Japanese brands accounted for 64.3% of total sales, with commercial vehicle purchases surging 57.1% to a record 916 units, supported by demand from logistics, mining, agriculture, and energy sectors.
21 April 2026 · The Namibian →
Monday 16 March
Namibia must strengthen governance before oil revenue flows
The Institute for Public Policy Research warns that Namibia faces governance risks as it prepares for oil production, citing lack of transparency in petroleum licensing, insufficient beneficial ownership disclosure, and weak local content oversight as key areas needing reform before the expected investment decisions from TotalEnergies and Mopane projects. Addressing these challenges through the Access to Information Act and digital transparency could help Namibia avoid the "resource curse" while ensuring oil revenues benefit communities rather than political elites.
16 March 2026 · The Namibian →
Wednesday 4 March
2026/27 budget stabilises debt amid growth constraints and revenue pressure
An economist from Simonis Storm Securities says Namibia's 2026/27 budget represents a stabilisation framework under financial constraint, with GDP growth revised to 3.1% and projected to recover only modestly. The budget reveals structural vulnerabilities: revenue remains heavily exposed to SACU volatility and commodity cycles, public debt is projected to stabilise at an elevated 67.5% of GDP, and interest payments will consume nearly 18% of total revenue, crowding out fiscal space for other priorities.
4 March 2026 · Informanté →
Tuesday 3 March
N$104 billion budget tilts toward wages and interest over growth
Namibia's FY2026/27 budget allocates N$81.3 billion to operational spending but cuts capital expenditure to N$8.47 billion, prompting analysts to warn that low investment in infrastructure risks slower economic growth while debt servicing consumes 18% of projected revenue.
3 March 2026 · New Era →
Tuesday 13 January
Namibian inflation eases to 3.2%, expected to rise slightly in 2026
Namibia's headline inflation fell to 3.2% in December 2025 and averaged 3.5% for the year, remaining within the central bank's target range. According to financial services firm Simonis Storm, inflation is expected to tick slightly higher in 2026, averaging 3.6%–3.8%, driven mainly by structural and service-related factors rather than broad-based demand, with housing and utilities remaining the primary pressure points.
13 January 2026 · New Era →
Wednesday 7 January
Namibia's household credit remains weak despite lower interest rates
Namibia's household credit growth slowed to 2.5% year-on-year in November 2025, with weak mortgage demand and continued borrowing caution driven by high living costs and modest wage growth. Households are shifting towards essential and asset-backed borrowing, particularly vehicle financing, while mortgage lending stagnated at 0% growth due to affordability constraints and limited affordable housing stock.
7 January 2026 · The Namibian →