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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Bank of Namibia

73 Results / Page 3 of 9

Background
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Business / Economics

14 August 2024 Morning Biz News: Namibia Keeps Repo Rate Steady? , South Africa Sees Surge in Project Announcements, Dollar Weakens, and Oil Prices Climb

  Bank of Namibia Expected to Maintain Repo Rate Analysts are predicting that the Bank of Namibia will keep the repo rate steady at 7.75% during its upcoming Monetary Policy Committee meeting on Wednesday. This decision would mark the third consecutive meeting where the rate remains unchanged, following similar outcomes in April and June. The move reflects ongoing stability in the financial sector as the bank continues to navigate economic […]

todayAugust 14, 2024 11

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Business / Economics

Bank of Namibia Forecasts Economic Growth of 3.1% for this year

The Bank of Namibia’s August 2024 Economic Outlook predicts a 3.1% growth for Namibia’s economy ifor this year, with a slight increase to 3.9% in 2025. Global growth is expected to be 3.2%, rising marginally to 3.3% in next year. While the 2024 forecast remains unchanged, the 2025 projection has been adjusted upward by 0.1 percentage points due to revised growth estimates for China. Josefina Oskar, the Bank’s Communications Practitioner, […]

todayAugust 9, 2024 44

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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 […]

todayAugust 8, 2024 20

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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.  

todayJuly 24, 2024 32

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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 […]

todayJuly 17, 2024 13

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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 […]

todayJuly 15, 2024 22

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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  

todayJuly 5, 2024 25

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