04
Aug
Staff Writer This economic weakness is reflected in FNB’s latest FNB Rental Index, which shows a 12-month average growth of 0.3 percent year on year (y/y) at the end of June 2020, following the short-lived growth momentum of 0.9 percent and 0.8 percent y/y seen in April and May 2020 respectively. The development has brought the national weighted average rent price to N$7022 at the end of June 2020 from N$7404 in June 2019. “Namibia has seen an unprecedented spike in the number of new COVID-19 cases over the last three months, signaling that the worst economic effects of the…