Common Monetary Areaincludes as member statesSouth Africa, Lesotho, and Eswatini
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“He emphasised that Namibia currently leads in having the most affordable fuel pump prices compared to other CMA member states, namely South Africa, Lesotho and Eswatini.”
A Namibian editorial examines the broader economic damage of the Fishrot scandal beyond direct theft, arguing that Namibia's greylisting and subsequent banking restrictions have hindered Namibian digital creators' access to international payment platforms and monetisation systems.
A Namibian editorial examines the broader economic damage of the Fishrot scandal beyond direct theft, arguing that Namibia's greylisting and subsequent banking restrictions have hindered Namibian digital creators' access to international payment platforms and monetisation systems.
The IMF advised Namibia in August to tighten fiscal policy, cut the public wage bill, and pursue structural reforms to address rising public debt and borrowing costs. The article notes that Namibia had repaid its pandemic-era IMF loan in April and retired a major Eurobond in October, with 88% of its debt now domestic.
A cross-border payment occurs when money is sent or spent in another country, involving currency conversion and fees from banks and payment networks such as Visa, Mastercard, and SWIFT. When using a debit or credit card overseas, transactions incur a currency conversion cost influenced by exchange rates and a cross-border transaction fee charged by the bank.
Assets managed by Namibia's investment firms reached N$342.6 billion in the first quarter of 2026, up 1.3% from the previous quarter and 18.2% year-on-year, with pension funds accounting for 42.5% of total assets under management at N$145.5 billion.
Namibia's retirement fund industry grew during the first quarter of 2026, with total assets reaching N$301.9 billion, up 0.1% quarterly and 14.9% year-on-year, according to Namfisa's quarterly report. The Government Institutions Pension Fund continued to dominate, controlling 69.4% of total assets.
Capricorn Unit Trust Management Company holds the largest share of Namibia's collective investment schemes market with 35.5% of total assets, as of Q1 2026. The country's unit trusts hold N$126.5 billion in total assets, with the top three managers controlling 57.9% of assets under management.
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.
Minister of Industries Modestus Amutse stated that Namibia currently has the most affordable fuel pump prices among Common Monetary Area (CMA) member states as of May 2026, with petrol at N$23.38 per litre and diesel at N$29.53 per litre, compared to higher prices in South Africa, Lesotho, Eswatini, Zambia and Zimbabwe.
Household debt in Namibia stood at 30.7% of GDP in 2024, the second-lowest in the Common Monetary Area after Lesotho's 17.2%, according to the Bank of Namibia's financial stability report. Despite N$130 billion owed overall, the central bank notes the low ratio suggests contained indebtedness, though continued monitoring is important given subdued income growth.
The Bank of Namibia reported that real GDP growth dropped to 1.7% in 2025 from 3.8% in 2024, driven by weaker agriculture, lower global diamond demand, and manufacturing contraction, though inflation eased to 3.5% and services remained steady. Global growth is expected to slow to 3.2% by 2027 due to rising public debt and geopolitical tensions.
The velocity of money in Namibia—the speed at which cash circulates through the economy—has declined to 1.6 in 2025 from 1.8 in 2015, despite total money supply rising. The Bank of Namibia attributes the slowdown to people spending less on goods, services, and investments, and uses tools like bill issuance and repo facilities to manage liquidity.