Almandro Jansen

“Economist Almandro Jansen says the statements from the government at the conference were needed.”

“Jansen said although the targeted volumes are small compared with the millions of tonnes handled through Walvis Bay, the corridor provides a commercial test of increased rail freight use in Namibia, where rail currently accounts for less than 1% of trade by transport mode.”

“Simonis Storm economist Almandro Jansen says Windhoek's worsening traffic congestion reflects a city whose infrastructure was designed for a much smaller population and vehicle fleet.”

“"The sector's underlying momentum remains divergent: plan volumes are running above prior-year levels, while cumulative approval values in Windhoek are materially below the distorted 2025 base that included a single N$1 billion project in March," said Almandro Jansen of Simonis Storm.”

“"The Q1 2026 GDP print of 2% is a stabilisation rather than an acceleration," Jansen said, adding that the composition of growth points to an uneven recovery rather than broad based economic momentum.”

“He identified mining as the dominant downside risk, noting that the sector contracted by 12.2% during the quarter.”

“"We reiterate our observation from the March publication that fiscal-driven monetary expansion of this magnitude has historically preceded inflation pressures in small open economies with fixed exchange rate arrangements," Jansen says.”

“"The fact that Namibian inflation has now accelerated to 3.1% from 2.1% in a single month suggests that this risk is beginning to materialise, although we attribute the April inflation spike primarily to the transport component rather than to fiscal-monetary transmission."”

“Namibia's private sector credit extension (PSCE) data for April points to a mid-expansion phase in the credit cycle, with broad-based improvements in lending activity but rising inflation now emerging as the dominant macroeconomic risk, according to Almandro Jansen of Simonis Storm.”

“SIMONIS Storm Securities economist Almandro Jansen has warned that Namibia's debt situation is increasingly becoming a cash-flow and refinancing challenge rather than a traditional debt crisis, as government relies heavily on continuous borrowing from the domestic market to sustain fiscal operations.”