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Namibia’s Reserves Rise, Credit Slows | Namibia News
Namibia’s economy shows mixed signals: foreign reserves surged to $58 billion, strengthening currency stability and import cover, while domestic liquidity plunged as banks saw cash balances drop 30%—yet still remain comfortably above operational needs. Private sector credit growth slowed to just 4.2% annually, with real terms contraction, driven by fewer new loans and more repayments across sectors like manufacturing and fishing. Household credit edged up slightly, but overall credit expansion cooled. Broad money supply also weakened, with M2 growth falling to 9.1%, reflecting ongoing…
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