Category: Finance
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…
Brazil Contributes N$2.1 Million to WFP’s Namibian Zero Hunger Efforts
By: Dolly Menas The Brazilian government has pledged N$2.1 million (US$120,000) to the United Nations World Food Programme (WFP) in Namibia to support integrated community-based food systems programs aimed at improving food security and livelihoods in the country….
Economists Predict Repo Rate to Remain Unchanged
By: Ludorf Iyambo Economists anticipate that the Bank of Namibia’s Monetary Policy Committee (MPC) will maintain the repo rate at its current level of 7.25% when it announces its decision on Wednesday. This follows consecutive rate reductions earlier…
BLNE Not Satisfied with Customs Union Revenue
By: Nghiinomenwa-vali Erastus The BLNE economies which are Botswana, Lesotho, Namibia, and Eswatini are concerned that they are not getting a fair share of customs union revenue. These countries are part of the Southern Africa Customs Union (SACU)…
Trump Threatens BRICS With Tariffs Over De-Dollarisation
By: Dolly Menas US President-elect Donald Trump has threatened to impose 100% tariffs to BRICS countries as well as bar them from selling into the US economy should they move ahead with plans to establish a BRICS currency….
Banking Sector Liquidity Rises to N$6.7 Billion
By: Staff writer The overall liquidity level for the banking sector in Namibia grew by N$800 million in two months after averaging N$6.7 billion in October 2024 from the N$5.9 billion recorded in September 2024. The Bank of…
946 GIPF Beneficiaries Owing NamRA Excluded from Refunds
By: Justicia Shipena The Government Institutions Pension Fund (GIPF) says approximately 946 beneficiaries with outstanding tax obligations to the Namibia Revenue Agency (NamRA) will not receive refunds unless the revenue agency provides updated tax directives. This follows an…
BoN Enhances Tools to Monitor Non-Performing Loans
By: Staff Writer The Bank of Namibia (BoN) has introduced advanced supervisory measures to strengthen the stability and resilience of the banking sector. Guided by the Basel Core Principles, the updated Early Warning System (EWS) and Prompt Corrective…
Minister Urges Small Businesses to Expand and Capitalise on the AfCFTA
By: David Shoombe Minister of Industrialisation and Trade, Lucia Iipumbu, has called on local entrepreneurs to expand their businesses and seize opportunities within the African Continental Free Trade Area (AfCFTA). Speaking at the handover ceremony of the Equipment…