29
Jun
Justicia Shipena The growth of the insurance sector in the first quarter of 2025 was driven by an increase in long-term gross premiums. The Namibia Statistics Agency (NSA), in its report on the country’s gross domestic product, said the insurance sector recorded an 8.1% growth in real value added, recovering from zero growth in the same quarter last year. This comes as the financial services sector grew by 6.0% in real value added, up from 4.7% during the same period in 2024. The growth was supported by both the banking and insurance subsectors. The banking sector posted a 3.4% increase,…