Also known as: economist Almandro Jansen
Economist who analyzes Namibia's debt, credit, and fiscal challenges, including government borrowing, cash-flow pressures, and long-term economic transformation prospects.
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Informanté
Almandro Jansen opined the 2026/27 Budget represents a stabilisation framework under constraint
“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 – EconomistsNew Era
Economist Almandro Jansen stated debt servicing is crowding out fiscal space for discretionary policy priorities
“"In practical terms, nearly one in every five dollars collected will be allocated to debt servicing. This is the clearest sign that debt is now crowding out fiscal space for discretionary policy priorities.”
Operational spending dominates N$104b budget …leaving room for private sector to meet developmental needsNew Era
Almandro Jansen stated price pressures expected driven by structural and service-related factors
“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 higherThe Namibian
Simonis Storm economist Almandro Jansen said borrowing patterns point to continued caution borrowing patterns point to continued caution among households despite lower lending rates
“Borrowing patterns point to continued caution among households despite lower lending rates, Simonis Storm economist Almandro Jansen says.”
Namibia’s household credit conditions remain tightThe Namibian
Jansen said mortgage activity remained largely confined to higher-income borrowers mortgage activity remained largely confined to higher-income borrowers
“Jansen says mortgage activity remained largely confined to higher-income borrowers, while affordability constraints continued to exclude much of the lower- and middle-income segment from the property market.”
Namibia’s household credit conditions remain tightThe Namibian
Jansen said households are prioritising vehicle and equipment purchases over property investment vehicle and equipment purchases over property investment due to lower upfront costs
“"Households are prioritising vehicle and equipment purchases over property investment due to lower upfront costs and the greater flexibility of installment-based lending," Jansen says.”
Namibia’s household credit conditions remain tightThe Namibian
Almandro Jansen urged greater support for small businesses and tax reforms to enable job creation
“He urged for greater support for small businesses, tax reforms to enable job creation and the implementation of existing employment policies that have yet to be acted upon.”
Calls for collaborative solutions on youth unemployment crisisThe Namibian
Almandro Jansen says this contributed to slight moderation in private sector credit extension to 3.9% y/y
“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 billionThe Namibian
Almandro Jansen says continued stagnation reflects weak consumer confidence and tighter affordability
“"Continued stagnation reflects weak consumer confidence and tighter affordability," Jansen says.”
Household borrowing relaxesat N$68.4 billionFour members of the National Youth Council board, including interim executive chairperson Patience Masua, have left office after their initial terms concluded on 30 June. Four other board members remain, while the council's leadership transition remains uncertain following the postponement of a general assembly in Swakopmund.
3 hours ago · The Namibian →
Four members of the National Youth Council board, including interim executive chairperson Patience Masua, have left office after their initial terms concluded on 30 June. Four other board members remain, while the council's leadership transition remains uncertain following the postponement of a general assembly in Swakopmund.
3 hours ago · The Namibian →
The Namibian government's debt to local banks climbed to N$52.4 billion in April after a N$20.4 billion increase over the past year, with borrowing from the banking sector surging 63.6% and raising concerns about future inflationary pressures, according to economist Almandro Jansen.
3 June 2026 · The Namibian →
Headline inflation jumped to 3.1% in April from 2.1% in March, primarily driven by transport costs reflecting currency depreciation and higher global fuel prices. With the repo rate held at 6.50%, real interest rates have fallen, supporting credit demand but eroding household purchasing power.
3 June 2026 · Windhoek Observer →
Economist Almandro Jansen warns that Namibia's debt situation is becoming a cash-flow and refinancing challenge as government relies on continuous domestic borrowing, with a total financing requirement of approximately N$29.22 billion (10.2% of GDP) for 2026/27, though the country remains capable of funding itself.
15 May 2026 · Informanté →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →