Category: Finance
60 Out of 121 Constituency Youth Enterprise Proposals Ready for Financing
By: Nghiinomenwa-vali Erastus A report by the National Council Standing Committee on Education, Science, ICT, and Youth Development has revealed that 60 out of 121 proposals under the Constituency Youth Enterprise Initiative are ready for financing. The…
Rundu Town Council Proposes N$284 Million Budget for 2025/2026
By: Annakleta Haikera The Rundu Town Council has proposed a capital project budget of N$284,1 million for the 2025/26 financial year, marking a 15% increase from the previous year’s budget of N$245,995,825. This was announced during a…
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…