15
Mar
The Namibian economy faces risks from low rainfall due to the El Niño weather pattern, NedNambia Holdings has evaluated. Softer global demand will keep the prices of the country’s key exports lower than in 2022. The Bank of Namibia’s latest figures predict that economic growth will moderate to 3,4% in 2024 and 3,1% in 2025 from an estimated 3.9% in 2023. Nedbank believes that a more favourable global environment and progress in addressing domestic inefficiencies would help to maintain economic growth at close to 3,5% between 2024 and 2025. The group said in condensed results for the year ended 31…