Banking Sector Strengthens Economic Footing

November 14, 2025 14

Local banking assets have climbed to N$180 billion, representing 70% of the Gross Domestic Product and confirming the industry’s role as the third-largest contributor to the economy. Our correspondent Hertha Ekandjo reports that PSG Wealth Namibia says the sector contributed 8.1% to GDP for this year, maintaining a steady 5% year-on-year growth despite wider economic challenges.

Banking Sector Strengthens Economic Footing
Leonard Witbeen

Written by: Madeline

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