Helvi Fillipus, economic advisor to the Bank of Namibia’s governor , has projected that Namibia’s economy will gradually strengthen over the medium term.
This improvement will be supported by increased uranium production, recovery in tourism and financial services, and continued investment momentum in the mining and energy sectors.
She, however, noted that while weaker diamond prices, drought conditions, and constrained fiscal space continue to weigh on economic performance, Namibia’s medium-term outlook remains supported by growing investment activity and economic diversification efforts.
Namibia’s growing strategic importance within the regional and global economy, with significant opportunities emerging in oil and gas, renewable energy, mining, and manufacturing are also noted, alongside the country’s ambitions to position itself as a regional logistics and energy hub.
At the same time, global growth is expected to remain subdued in 2026 and 2027 amid heightened geopolitical tensions, inflationary pressures, and tighter financial conditions.
Additionally, developments in the Middle East continue to pose risks through rising oil prices, shipping disruptions, and supply-chain pressures.
