insert_link Business / Economics Bank of Namibia Launches N$60 Commemorative Note for Geingob The Bank of Namibia has introduced a N$60 commemorative banknote to celebrate the late President Hage Geingob's 60 years of service. One Africa TV’s Ellen Shihepo reports that the central bank governor Johannes !Gawaxab announced the notes will be in circulation within two weeks, with public awareness campaigns planned for the new note's features. today6 March, 2025
insert_link Oshiwambo Oshimaliwa shefo sha nuninwa Dr. Hage Geingob, shatulwa moilonga Omu President Nangolo Mbumba, onghela okwa uvukulula noku tula moilonga oshimaliwa shefo osho sha nuninwa oo ali nale omutwe woshilongo Dr. Hage Geingob osho sha ningilwa mo Windhoek. Oshimaliwa shefo osha talika shili edidiliko loku yandja efimaneko koilonga pondoli oyo ya longelwa oshiwana komupresident akanangala Dr Geingob, oo amanene oweenda waye mo 04 Feb. 2024. Omupresident Mbumba, moshipopiwa shaye onga omupopi afimana poshiindingili onghela okwa tumbaleka oilonga aishe oyo yalongelwa […] today6 March, 2025
insert_link Namibia The Bank of Namibia unveils N$60 commemorative banknote honouring Dr. Hage Geingob “One Namibian House.” The Bank of Namibia has officially launched the N$60 commemorative banknote in honour of the late President Dr. Hage G. Geingob. The special edition banknote, unveiled earlier today, pays tribute to Dr. Geingob’s dedication to the country's democracy, economic development, and social inclusivity. Speaking at the launch, President Dr. Nangolo Mbumba described the initiative as a lasting symbol of Dr. Geingob’s leadership. “This commemorative banknote […] today5 March, 2025
Business / Economics Bank of Namibia launches Geingob commemorative banknote By: Ellen Shihepo The Bank of Namibia has launched the N$60 commemorative banknote in honour of late President Hage Geingob's 60 years of service to the Namibian nation. Governor Johannes !Gawaxab announced at the launch today that the new notes will be issued after two weeks, a period dedicated to awareness campaigns on the security features and fixtures of the new commemorative notes. He said the notes would serve as […] today5 March, 2025
insert_link Business / Economics Trustco Bank Completes Voluntary Shutdown Trustco Bank has officially ceased operations, finalizing its voluntary closure process that began on 23 August 2024. Following extensive efforts to reimburse depositors, any unclaimed funds have been transferred to the Guardian Fund under the Master of the High Court, as directed by the Bank of Namibia. Trustco’s Deputy CEO, Quinton Van Rooyen Junior, confirmed the completion of the process. today4 March, 2025
insert_link Business / Economics Banking Leaders Chart the Future at CEO Roundtable The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability. today21 February, 2025
insert_link Business / Economics Morning Biz News – 17 February 2025 SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […] today17 February, 2025
insert_link Business / Economics Weekly Economics Wrap 6-13 February 2025: Key Developments in Global and Regional Markets Namibia: Interest Rate Cut and Oil & Gas Capacity Building The Bank of Namibia has lowered its key interest rate for the fourth consecutive monetary policy meeting, aiming to support economic growth amid stable inflation projections. On Wednesday, the central bank cut the repo rate by 25 basis points to 6.75%, following similar reductions in its last three policy decisions. The move is expected to provide relief to borrowers while […] today13 February, 2025
insert_link Business / Economics Morning Biz News – 13 February 2025 Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […] today13 February, 2025
