Namibian food prices set to increase

Namibians will reportedly wake up to a much more expensive world on January 26 after leading food manufacturer Namib Mills yesterday announced stiff price increases in all of the company’s product categories on that date.

The price increases are due to the sudden devaluation of the Namibian Dollar (NAD) against the American Dollar (USD) and other major trading currencies.

According to the CEO of Namib Mills, Ian Collard, the price of maize – the staple food of Namibians – will rise by 10 percent, while the price of mahangu will shoot up by 20 percent. An even bigger upward adjustment of some 23 percent will be added to the price of rice, while the price of sugar will rise by 15 percent – this amongst other increases.