Simonis Storm

Also known as: SS

Financial advisory and research firm providing economic analysis and forecasts on Namibia's monetary policy, inflation, and credit conditions.

Business

Namibia's household credit remains weak despite lower interest rates

The News

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 →

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 →