03
Jun
Justicia Shipena Namibia’s foreign exchange reserves grew by 6.6% in April 2025, reaching N$63.6 billion. This means the country now has enough money saved to pay for about 4.2 months of imports or 5.1 months if one excludes special oil-related imports that are funded from outside. Simonis Storm Securities revealed this in its April 2025 report on private sector credit extension released on Monday. According to Simonis Storm Securities, the rise in reserves is good news for Namibia. “The recovery in reserves reverses the sharp decline seen in March and helps restore external buffers. This improvement strengthens the credibility of…