22
Oct
Chamwe Kaira Windhoek’s approved building plans rose by 28.4% in September, increasing from 176 in August to 226. Swakopmund recorded a smaller rise of 4.9%, with approvals going up from 81 to 85. Simonis Storm Securities analyst Almandro Jansen said that on an annual basis, Windhoek’s approvals dropped by 15.8%, while Swakopmund’s approvals rose sharply by 91%, from 45 to 85. “The latter can be attributed to a low base effect. Despite the mixed monthly results, the total number of approvals for both Windhoek and Swakopmund increased by 19% and 30%, respectively, quarter on quarter, during the third quarter of…