Category: Finance
Food and Beverages Contributed to December’s Declining Annual Inflation
Staff writer Food and Non-Alcoholic Beverages, was the biggest contributor to the 3.4% annual inflation rate Namibia recorded in December 2024, contributing 1.2 percentage points. The category, which accounts for 16.5% of the Namibia Consumer Price Index (NCPI) basket, recorded…
Takeover of NPTH Shares by Government Imminent
Justicia Shipena The Namibia Post and Telecom Holdings Limited (NPTH) shares, including those in its subsidiaries Telecom Namibia, NamPost, and MTC Namibia, will be transferred to the State by next month. NPTH Board Chairperson, Sencia Kaizemi-Rukata, confirmed that…
National Minimum Wage Implementation Faces Rocky Start
Justicia Shipena As the new year begins, workers across Namibia are hopeful that the implementation of the national minimum wage (NMW) will bring much-needed financial relief. Effective January 1, the NMW policy mandates a minimum wage of N$18…
Opinion: The Year of Expectations: Reflecting 2024 Economic State, Building Future Growth
By: Josef Kefas Sheehama As 2024 draws to a close, Namibia’s economic outlook demonstrates tenacity in the face of adversity. This year brought to light the challenges of restoring stability in a world that is changing quickly, from the…
Next NAMITVEST Dividend Payout in Q1 of 2025
By: Kavee Vezemburuka NAMITVEST, which holds a 25% stake in the Namibia Mineworkers Investment Holdings Company (NAM-MIC), has announced that the next dividend payouts will occur in the first quarter of 2025. Eligible subscribers include those who have…
Opinion: Embrace the Festive Season with Financial Mindfulness
By: Wendy Naruses The festive season often comes with a double-edged sword of joy and financial strain. As we approach this special time, it’s worth reflecting on how we can embrace the season’s spirit of celebration without falling into…
Bank of Namibia to Drive Digital Finance and Economic Growth by 2027
By: Staff Writer The Bank of Namibia has introduced its 2025-2027 Strategic Plan, aiming to spearhead digital transformation, financial inclusion, and economic diversification to modernise the nation’s financial system. This ambitious strategy seeks to establish Namibia as a…
Khomas Residents Top the List of Loan Defaulters
By: Nghiinomenwa-vali Erastus As of September 2024, 42.9% of non-performing loans (loans unpaid for over three months) in Namibia were held by individuals, according to data from the Bank of Namibia. Non-performing loans (NPLs) currently stand at 5.9%,…
Repo Rate Cut to Spur Economic Growth
By: Justicia Shipena & Loise Shiimi The decision by the Bank of Namibia (BoN) to lower the repo rate by 25 basis points to 7.00%, signals its commitment to support for the domestic economy amid a favourable inflation…
Govt Seeks to Borrow N$640 Million Today
By: Nghiinomenwa-vali Erastus The government plans to borrow N$640 million from domestic investors today, according to a tender invitation released by the Bank of Namibia last week. The funds will be raised through 14 Internal Registered Bonds (IRBs) and…