insert_link Business / Economics FNB Namibia Offers Drought Relief Loans to Farmers FNB Namibia is stepping up to assist farmers affected by the ongoing drought in the country. In line with the Bank of Namibia’s recent policy changes, FNB is offering loan moratoriums, restructuring, and emergency funding under preferential terms to qualifying agricultural clients. These measures aim to provide financial relief to farmers until October 2026. CEO Sepo Haihambo emphasized that the bank is committed to supporting Namibia's agricultural sector, which is […] today5 December, 2024
insert_link Business / Economics The Bank of Namibia reduces the repo rate Consumers can expect some relief as the Bank of Namibia has lowered the repo rate by 25 basis points, bringing it down to 7%. This marks the central bank’s final rate decision for the year. Here is BoN Governor Johannes !Gawaxab speaking at today’s monetary policy announcement. Cirrus Capital economist, Robert McGregor reacts to the development. today4 December, 2024
insert_link Oshiwambo Ondjele yoku hehelitha ya shunithwa pevi O Bank of Namibia oya tokola oku shunithapevi o repo rate niitsa 25 okuya poo % 7 okuza poo % 7.25. Etokolo olya kuthwa ko Monetary Policy Committee pethimbo lyoshigongi shayo oshiti 6th nosha hugunina shokomumvo. Shika osha ningwa nelalakano okuyambidhidha eliko lyomoshilongo,noku gamenenapo wo ekwatathano pokati ko rand ya South Africa nodola ya Namibia. today4 December, 2024
insert_link Business / Economics Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo today4 December, 2024
insert_link Business / Economics Bank of Namibia Set to Announce New Repo Rate With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag. today4 December, 2024
insert_link Business / Economics Global demand and drought impact GDP The Bank of Namibia has released the Economic Outlook update for December 2024. The domestic economy is estimated to expand by 3.5 percent in 2024 and 4.0 percent in 2025. However, GDP growth is expected to slow in 2024 due to weaker global demand for minerals and drought-related impacts. Here is Josefina Oskar from the Bank of Namibia. today2 December, 2024
insert_link Business / Economics Bank of Namibia Hosts CMA Central Bank Governors Meeting The Bank of Namibia organized a high-level meeting of the Common Monetary Area Central Bank Governors, led by Governor Johannes !Gawaxab. The meeting included Governor Lesetja Kganyago from the South African Reserve Bank, Governor Emmanuel Letete from the Central Bank of Lesotho, and Governor Phil Mnisi from the Central Bank of Eswatini. Here's BoN'S Communications Practitioner: Josefina Oskar: today19 November, 2024
insert_link Business / Economics NUST and Bank of Namibia Launch AI and Robotics Accelerator for Student Development The Namibia University of Science and Technology has partnered with the Bank of Namibia to launch the Artificial Intelligence and Robotics Accelerator. This cutting-edge facility focuses on equipping students with vital skills needed in a technology-driven world, ensuring they are prepared for future challenges in artificial intelligence and robotics. NUST's Dr. Colin Stanley emphasized the initiative's role in advancing technological education in the country. today6 November, 2024
insert_link Local Bank Windhoek’s Agri Series Focuses on Drought Impact on Namibia Bank Windhoek’s Executive Officer for Marketing and Corporate Communication Services, Jacquiline Pack, emphasized that the agriculture sector has always been a cornerstone of Namibia’s economy and society, contributing around 6% to the Gross Domestic Product (GDP) and creating significant employment opportunities. She made this statement on Tuesday, 5 November 2024, while announcing that the fifth Agricultural Series will take place on Wednesday, 13 November 2024, in Windhoek, live on […] today6 November, 2024
