Fitch Ratings affirmed Namibia’s long-term foreign currency rating at BB- with a stable outlook, citing strong institutions and financing flexibility through a non-banking sector totaling 180% of GDP in 2024. Growth is expected to slow to 2.6% in 2025 due to diamond weakness, partly offset by uranium, gold, and private sector activity. Public debt will remain high at 65% of GDP after a $750M Eurobond redemption.
