Category: Finance
EIF and NASRIA Forge Collaboration on Climate-Related Insurance Products
Justicia Shipena The Environmental Investment Fund of Namibia (EIF) and Namibia Special Risks Insurance Association Limited (NASRIA) formalised their partnership through a Memorandum of Cooperation (MOC). This collaborative effort is poised to drive the development and accessibility of insurance…
Namibia’s Fixed Currency Presents Challenges in Tackling Inflation
By: Justicia Shipena Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, says the limited flexibility of Namibia’s fixed currency, which is tied to the South African Rand, in combating inflation. Namibia recorded an annual inflation rate of…
More than Half of Namibia’s Public Enterprises Report Losses, IPPR Finds
By: Justicia Shipena Over 50% of commercial public enterprises in Namibia suffered financial losses in the last fiscal year. This was revealed in a recent report published by the Institute for Public Policy Research (IPPR). The Quarterly Economic…
Vehicle Sales Surge in January, Marking Eight-Year High
By: Hertha Ekandjo Vehicle sales in Namibia for the month of January have soared to their highest levels in eight years, signalling a robust start to the year for the automotive industry. According to the latest Vehicle Sale Report…
MPC Announcement: Unchanged Repo Rates or a Shift in Strategy?
By: Justicia Shipena Economists anticipate that the Bank of Namibia may opt to keep the repo rate unchanged rather than implementing a cut or increase in response to the slowing inflation. Currently, the repo rate stands at 7.75%,…
Food Annual Inflation Sees Slowdown
By: Staff Writer Namibia experienced a notable slowdown in the annual inflation rate for food and nonalcoholic beverages inJanuary 2024 compared to the same period last year. The Namibia Statistics Agency in a recent report reveals that the slowdown…
Govt’s Bid to Secure N$10.6 Billion Nears Finish Line
By: Nghiinomenwa-vali Erastus Investors in 2023 were presented with a N$10.65 billion opportunity when the government announced plans to address the 2023/24 national budget deficit. With just two months remaining in the financial year, the government is seeking…
Rent Control Bill to be Delayed for Another Year
By: Hertha Ekandjo The much-anticipated Rent Control Bill will not be among the 15 bills slated to be tabled in parliament during the upcoming session. Justice minister Yvonne Dausab confirmed this in a recent statement. In her statement,…
Banking Forensic Expert’s Advice to Keep Cyber Criminals at Bay
By: Staff Writer FNB Namibia has issued a warning to online banking users, urging caution against cybercriminals amidst a surge in online shopping activities. Ingrid Katjiukua, the bank’s Forensic Manager, emphasised the importance of vigilance in light of…
Long-Term Affordability Challenges to Persist in the Housing Market
By: Justicia Shipena In its latest House Price Index report, the First National Bank (FNB) has signalled concerns over long-term housing affordability challenges that are expected to persist, further impacting the housing market. Additionally, the bank anticipates…