Reserves Rise to N$58bn as Private-Sector Credit Growth Slows – Windhoek Observer
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Reserves rise to N$58bn as private-sector credit growth slows – Windhoek Observer
CHAMWE KAIRA The country’s stock of international reserves increased by 2.9% month-on-month to N$58 billion at the end of July, supported mainly by Southern African Customs Union (SACU) receipts and strong foreign-currency placements by commercial banks, according to the Bank of Namibia’s Money and Banking Statistics for July. The increase was also supported by the depreciation of the domestic currency and additional monetisation of gold during…
In July 2026, the growth of bank credit to the non-financial sector reached the level of 10.1% to 1.067.7 MMDH. This dynamic is now driven by private companies, whose loans are increasing by 11%, thus relaying a public sector in sharp deceleration. The post Banking credit: the private sector pulls growth, households slow to appear first on LesEco.ma.
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