insert_link Local The Namibian economy is expected to grow by 3.1 percent in 2024 The Bank of Namibia released the Economic Outlook for August 2024 with the domestic economy estimated to expand by 3.1 percent in 2024 and by 3.9 percent in 2025. Global and Regional Outlook Global economic growth is projected to remain low in 2024 before improving slightly in 2025. Global growth is projected to slow down to 3.2 percent in 2024, from 3.3 percent in 2023, before rising moderately to […] today8 August, 2024
insert_link Namibia Bank of Namibia hosts 2024 Tertiary Institutions Debating Challenge The Bank of Namibia will host the 2024 Tertiary Institutions Debating Challenge, a key public education initiative designed to enhance critical thinking and debate on economic and central banking issues among Namibian youth. This year’s debate included a preliminary round for the first time. Sandra Garises, the Bank's principal communication officer. today24 July, 2024
insert_link Interview Transcripts INTERVIEW: Understanding Microprudential Oversight: Insights from Business and Economics Researcher Josef Kefas Sheehama In a recent discussion, Josef Kefas Sheehama delved into the critical role of the Microprudential Oversight Committee (MOC) in Namibia's financial landscape. Addressing key concerns raised by recent reports, Sheehama underscored the committee's pivotal function in safeguarding financial stability amidst economic challenges. The conversation was sparked by findings from TransUnion indicating that nearly 49% of Namibians struggle to meet their financial obligations. Sheehama emphasized that such statistics underscore the urgency […] today17 July, 2024
insert_link Namibia Analyst Talks Examining Of Microprudential Oversight Committee Amid Financial Struggles Josef Kefas Sheehama, a Business and Economics Researcher, highlighted the pivotal role of Namibia's Microprudential Oversight Committee in managing financial stability. This discussion followed insights from TransUnion revealing that almost half of Namibians face challenges meeting their financial commitments. today17 July, 2024
insert_link Business / Economics Domestic financial system shows stability: BoN The Bank of Namibia's Macroprudential Oversight Committee (MOC) has found that Namibia's domestic financial system is stable, sound, and resilient. According to the BoN’s Deputy Governor, Leonie Dunn in a recent statement, this is despite rising vulnerabilities and risks, particularly concerns around elevated non-performing loans. She said the committee at its first meeting of the year, held last week to assess potential risks and vulnerabilities in the […] today15 July, 2024
insert_link Namibia Bank of Namibia Governor Highlights Stability as Key to Investment Appeal at London Stock Exchange meet Bank of Namibia Governor Johannes !Gawaxab emphasized that the country's stability and predictability are crucial for attracting investment. Speaking to bankers, analysts, and representatives of the London Stock Exchange on Thursday, !Gawaxab noted that despite challenges like a severe drought, Namibia remains a stronghold of economic resilience amid a volatile global economic landscape. Director: Strategic Communications & International Relations at the regulator- Kazembire Israel Zemburuka today5 July, 2024
insert_link Namibia Bank of Namibia Introduces Universal Instant Payment Programme for Enhanced Financial Access The Bank of Namibia hosted the industry kick-off for the Instant Payment Programme, a major initiative to improve financial inclusion and accessibility nationwide. The Instant Payment Solution, compatible with any device including non-smartphones, aims to ensure that vendors, taxi drivers, pensioners, and small business owners can use it easily. Sandra Garises, the Bank's principal communication officer. today2 July, 2024
insert_link Local Bank of Namibia launches industry kick-off for instant payment programme The Bank of Namibia recently hosted the industry kick-off for the Instant Payment Programme (IPP), a transformative initiative aimed at enhancing financial inclusion and accessibility across the country. Mr. Marsorry Ickua, Officer in Charge at the Bank of Namibia, officiated at the event, highlighting the IPP’s commitment to inclusivity. The Instant Payment Solution is designed to be accessible on any device, including non-smartphones, ensuring that […] today1 July, 2024
insert_link Business / Economics Bank of Namibia keeps repo rate at 7.75% The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, with the prime lending rate holding steady at 11.50 percent. Governor of the Bank Johannes !Gawaxab says this policy stance will continue to safeguard the one-to-one link between the Namibia Dollar and the South African Rand and support domestic economic activity. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, believes that consumers […] today19 June, 2024
