Central Bank

Repo Rate Held at 6.50% to Support Stability

The Bank of Namibia has kept the Repo rate unchanged at 6.50% following its final MPC meeting of the year earlier this week. The committee said the decision helps maintain the Namibia Dollar–Rand peg while supporting the domestic economy. Moderate economic growth, contained inflation, slower credit extension, a narrower trade deficit, and sufficient international reserves all shaped the decision.

4 December, 2025

Oshiwambo

omupevi ngoloneya go Bank of Namibia Ebson Uanguta okwali a kutha ombinga momutumba gonuumvo go Annual and Springs meetings of the International Monetary Fund no World Bank Group

(Efano:Bank of Namibia via Facebook) Oshiwike sha piti,omupevi ngoloneya go Bank of Namibia Ebson Uanguta okwali a kutha ombinga momutumba gonuumvo go Annual and Springs meetings of the International Monetary Fund no World Bank Group. Uanguta okwa wayimine osheendo shopamuthika gopombanda okuza mo Central bank,o National Planning Commission nuuministeli wemona,sha kwatelwa komeho kominista Ericah Shafudah. Iigongi mbika okwali yeeta pamwe aakalelipo yoo central bank,aaleli yomayembulepo nomahangano goshigwana, okwiikunda omikalo […]

22 October, 2025

Business / Economics

BoN Sees Slower Growth, Launches Data Hub

The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data.

21 August, 2025

Business / Economics

Bank Of Namibia Defends N$1 Coin Design Amid ‘Outere Dollar’ Talk

The Bank of Namibia has addressed public concerns over the new N$1 coin, explaining that its design—showing two hands exchanging coins—was created to honour the country’s retail sector and highlight values like dignified trade, resilience, and economic inclusion. The Bank’s spokesperson, Kazembire Zemburuka, clarified that the nickname “Outere Dollar” (Khoekhoegowab for “give me”) was never part of the official intent.

4 August, 2025

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.

6 March, 2025

Africa

Botswana Holds Interest Rate Steady Amid Rising Inflation

Botswana’s central bank has maintained its monetary policy rate at 1.90% for the third consecutive meeting, the bank announced on Thursday says CNBCAfrica. Inflation rose to 2.5% in January, up from 1.7% in December, but remains below the Bank of Botswana’s preferred range of 3% to 6% in the medium term. The country’s economy, heavily reliant on diamond exports, faced a contraction last year due to weakened global demand for […]

21 February, 2025

Business / Economics

07 February 2025 BIz News

Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […]

7 February, 2025

Business / Economics

03 February 2025 Biz News Update

1. Dynamic Pricing and Domestic Tourism Concerns The shift in Namibia's hospitality industry from traditional fixed rates to dynamic pricing has raised concerns about the future of domestic tourism, already burdened by economic pressures. According to a recent survey by The Brief, a number of the country's major hotels have adopted fluctuating rates, driven by international trends and increasing operational costs. This new approach could impact local tourism as […]

3 February, 2025

Business / Economics

SA Reserve Bank eyes third consecutive rate cut

The South African Reserve Bank (SARB) is expected to lower the benchmark interest rate by 25 basis points to 7.5% on Thursday, marking the third consecutive rate cut. The decision, expected to be unanimous among the six-member monetary policy committee, comes as the central bank navigates economic uncertainty driven by global factors. Governor of the SARB, Lesetja Kganyago Governor Lesetja Kganyago will announce the […]

30 January, 2025