Category: Finance
Govt to Borrow N$29.8 Billion This Year…N$21.2 Billion to Be Sourced Locally
By: Nghiinomenwa-vali Erastus The government plans to borrow N$29.8 billion during the 2025/26 financial year to meet its budgetary requirements and other financial obligations. Of this amount, N$21.2 billion will be raised from the domestic market, according…
Nam to Start Backing Currency with Gold
By: Nghiinomenwa-vali Erastus As part of its evolving foreign exchange reserve management strategy, the Bank of Namibia will begin accumulating gold to diversify and strengthen the country’s reserve assets. The central bank aims to allocate 3% of its foreign exchange…
US Dollar Reserve Global Dominance Shrinks
By: Nghiinomenwa-vali Erastus A summary done by the Bank of Namibia last week shows that the USA dollar’s dominance as a global reserve currency has eroded from over 70% in 2000 to 59% in Q1 2024. The USA dollar has…
Non-Bank Financial Sector Assets Near Half a Trillion Mark
By: Nghiinomenwa-vali Erastus The total assets of Namibia’s non-bank financial institutions reached N$474.1 billion by the end of December 2024, bringing the sector just a few million dollars shy of the half-a-trillion mark — and nearly three times the size…
Economists Expect Bank of Namibia to Hold Repo Rate Steady
By: Loise Shiimi and Justicia Shipena Economists are forecasting that the Bank of Namibia’s Monetary Policy Committee (MPC) will keep the repo rate unchanged in its upcoming announcement. In February, the MPC opted to cut the repo rate by 25…
NamRA Beats Revenue Target for 2024/25
By: Justicia Shipena The Namibia Revenue Agency (NamRA) has surpassed its revenue target for the financial year FY2024/5, collecting a net total of N$88.6 billion to beat the target of N$85.3 billion. According to the agency’s report, their gross revenue…
Special Economic Zones Framework in Final Stages
By: Justicia Shipena The Namibian government says it moving forward with the finalisation of its Special Economic Zones (SEZ) regime. This was announced by the Finance and Social Grants Minister, Ericah Shafudah, during her recent tabling of the 2025/2026…
Govt Races Against Time to Secure N$3bn for Eurobond Redemption
By: Justicia Shipena The Namibian government still needs to secure approximately N$3 billion (US$162 million) in six months to meet its redemption obligations for the Eurobond. The US$750 (approximately N$14.3 billion) million Eurobond, is due for…
H.E.R. Banking Initiative Aims to Break Financial Barriers
By: Justicia Shipena FNB Namibia’s new initiative will see women-led businesses gain access to tailored financial solutions designed to address their unique challenges. The bank on Thursday launched H.E.R. Banking—short for Helping Everywoman Rise—as part of its ongoing commitment to…
Foreign Investment Fuels Namibia’s Economic Growth – FNB Economist
By: Justicia Shipena Namibia’s economic growth is increasingly reliant on foreign investment as household consumption weakens, according to FNB Namibia Economist Helena Mboti. This comes as the country’s real GDP expanded by 3.7% year-on-year in the fourth quarter of 2024,…