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

BoN

16 Results / Page 1 of 2

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Business / Economics

Bank of Namibia Set to Cut Repo Rate : Analaysts

Analysts anticipate that the Bank of Namibia Monetary Policy Committee will announce a 25-basis point reduction in the repo rate this Wednesday, the Brief says. If implemented, this adjustment would lower the rate from 7.50% to 7.25%. This potential decrease aligns with a broader trend of more accommodative monetary policies observed globally and regionally. The move follows the South African Reserve Bank's recent rate cut, sparking speculation about Namibia's next […]

todayOctober 16, 2024 8

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Business / Economics

3-10 October 2024 Weekly Economics Wrap: Domestic Activity Declines, South Africa’s LPG Boom, and Global Financial Developments

Economic activity in Namibia showed signs of a slowdown in the second quarter of 2024, with business registrations declining by 34% compared to the same period last year. According to the Bank of Namibia, both close corporations and private companies experienced downturns, with close corporations dropping by 37.7% and private companies by 8.4% year-on-year. In the realm of domestic debt, Namibia's total reached N$123.51 billion by the end of September, […]

todayOctober 10, 2024 4

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Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

todaySeptember 19, 2024 47

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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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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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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 […]

todayApril 18, 2024 14

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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.  

todayApril 15, 2024 76

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