BoN

Experts say the Namibia’s construction sector is projected to remain in contraction during 2022 before recovering to growth in 2023. According to the Bank of Namibia (BoN) February economic outlook, it stated that the projected contraction in 2022, is a moderation from a deeper contraction of 19.2% in 2021, and marks the seventh year of consecutive contractions for the sector. That the sector is expected to contract by 2% in 2022 before expanding by 2.5%…