insert_link Namibia Bank of Namibia donates special operations vehicle to NamPol The Bank of Namibia donated a special operations vehicle to the Namibian Police Force. The donation received by the Inspector General of the Namibian Police Force, Lieutenant General Joseph Shikongo, underscored the strong partnership between the two institutions and their shared commitment to enhancing public safety and security. The Namibian Police Force has been a crucial ally to the Bank, ensuring the safety and security of the nation's currency. Here […] today24 April, 2024
insert_link Namibia Bank of Namibia supports Namibian police with special operations vehicle donation The Bank of Namibia donated a special operations vehicle to the Namibian Police Force at an official handover ceremony on Tuesday, 23 April 2024. The donation, received by the Inspector General of the Namibian Police Force, Lieutenant General Joseph Shikongo, underscored the strong partnership between the two institutions and their shared commitment to enhancing public safety and security. The Namibian Police Force has been a crucial ally to […] today24 April, 2024
insert_link Business / Economics 11-18 April 2024 Weekly Economics Wrap: Insights from Around the Globe Namibian Financial Landscape: The Bank of Namibia has decided to maintain the repo rate at 7.75 percent, signaling a cautious approach to monetary policy amid economic uncertainties. Sanlam Namibia reported significant growth in assets, reaching N$4.6 billion in 2023. CEO Tertius Stears expressed confidence in the company's performance, anticipating further growth in policy liabilities. Developments in South Africa: The South African rand experienced depreciation against the U.S. dollar amidst escalating […] today18 April, 2024
insert_link Business / Economics 18 April 2024 Morning Biz News: Latest Financial Indicators and Business News Recap Bank of Namibia Maintains Repo Rate: The Bank of Namibia has announced its decision to keep the repo rate steady at 7.75 percent, alongside a stable prime lending rate of 11.50 percent. This marks the second monetary policy announcement by the BoN this year, indicating a cautious approach to economic management. South Africa Sees Decrease in Consumer Inflation: Consumer inflation in South Africa saw a slight decrease in March, falling […] today18 April, 2024
insert_link Business / Economics Bank of Namibia holds 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. This is the second monetary policy announcement by BoN this year. Governor of the Bank Johannes !Gawaxab. Governor !Gawaxab highlighted that risks to the domestic economic outlook have remained broadly unchanged since the previous MPC meeting, although the conflict in […] today17 April, 2024
insert_link Oshiwambo O Monetary Policy Committee yo Bank of Namibia oya tokola oku kaleka ondjele yoku hehelitha ano o repo rate poo % 7.75. O repo rate oyo ondjele ndjoka oombanga dhopaipindi hadhi gwedhelwako uuna tadhi hehela oshimaliwa kombaanga onene ano ndjoka yili o Bank of Namibia. Nondjele ndjoka oombaanga dhopaipindi hayi gwedheleko aayakulwa uuna taya hehela oshimaliwa otayi thigala wo poo % 11.50. Metseyitho lyonena,ngoloneya gombaanga Johannes Qawaxab okwati shika otashi tsikile oku gamenenapo ekwatathano pokati kodollar ya Namibia no rand ya South Africa,noku yambidhidha iinyangadhalwa yeliko lyomoshilongo. Omunongoliko iithikamenapo Gabriel […] today17 April, 2024
insert_link Business / Economics Independent Researcher Offers Key Insights on Bank of Namibia’s Repo Rate Decision In an interview with our news team, Independent business and economic researcher Josef Kefas Sheehama provided valuable insights into the factors influencing the Bank of Namibia's decision regarding the repo rate. The Bank of Namibia will announce repo rate today. The previous interest rate decision was to keep the repo rate unchanged at 7.75 percent. today17 April, 2024
insert_link Namibia BON PSD-9 Directive: The cross-border payment system’s anatomy and operations Opinion Piece By Josef Kefas Sheehama Even though it usually causes people to feel more nervous, it's critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April 15, 2024. The Bank of Namibia's most recent directive has extended […] today16 April, 2024
insert_link Business / Economics Bank of Namibia Extends Timeline for Implementation of Electronic Fund Transfer Regulations The Bank of Namibia has announced a postponement in the implementation of the new regulations governing electronic fund transfers within the national Payment System Determination. Sandra Garises, the bank's principal communication officer, disclosed that PSD-9, initially set to take effect by the end of April, will now be enforced on September 30, 2024. She explains what it entails. today15 April, 2024
