23
Sep
Martin Endjala Residential development in Windhoek and Swakopmund dominated building statistics during August, with construction activities in both cities continuing to show growth. According to a report by Simonis Storm Securities, construction activity remained modest in both Windhoek and Swakopmund, with continued development in both regions. Windhoek recorded an increase in approvals from 189 in July 2024 to 222 in August 2024, the highest on record for the year. Swakopmund also saw a rise in approvals, jumping from 39 to 64 during the same period. Despite this increase in construction activity, the overall value of completed projects experienced a sharp…