insert_link Business / Economics Government denies claims of plan to buy stake in De Beers De Beers store (Photo by: Financial Times) The government has rejected reports suggesting that the Cabinet approved a plan for the country to acquire a stake in the De Beers Group. The rumoured transaction claimed Namibia would purchase a 10–15% share in the global diamond company, valued at roughly N$14.5 billion, together with Botswana and Angola. In a statement, the Ministry of Industrialisation, Mines and Energy clarified that the Cabinet […] today19 November, 2025
insert_link Business / Economics All Eyes on Bank of Namibia’s Interest Rate Announcement The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today. With the repo rate at 6.75% and South Africa’s at 7.25%, economists say the move could influence inflation and currency stability. Cirrus Capital’s Robert McGregor provided his outlook before the announcement. today15 October, 2025
insert_link Business / Economics Bank of Namibia pushes financial innovation at Cirrus Investor Conference Bank of Namibia Governor Johannes !Gawaxab WINDHOEK – The Bank of Namibia has reaffirmed its commitment to financial innovation and stability at the 2025 Cirrus Investor Conference, held this week in Windhoek. Governor Johannes !Gawaxab delivered the keynote address, highlighting the bank’s strategy to build a future-ready, inclusive financial system. During his speech, !Gawaxab noted that Namibia’s economy grew by 3.7% in 2024. This was a slight dip from 4.4% […] today10 April, 2025
insert_link Namibia Fuel prices go up as government adjusts dealer margins Image contributed (Xinhua/Chen Cheng) Motorists will face higher fuel costs from Wednesday, as the Ministry of Mines and Energy has announced a 50-cent per litre price increase. At the same time, fuel retailers will see their margins rise by 30 cents per litre, while the Road Fund Administration levy will increase by 20 cents per litre. The ministry says the adjustments are due to the introduction of a new minimum […] today4 March, 2025
insert_link Namibia Namibia Ranked Among World’s Slowest in Internet Speed Namibia ranks 143rd out of 152 countries in the this year's Speedtest Global Index by Ookla, making it one of the slowest globally for internet speed. Additionally, the country performs poorly in digital quality, e-security, and e-governance, according to Surfshark’s 2024 index. Tannan Groenewald is the Head of Data & Analytics at Cirrus Capital, he weighed in on this: We also spoke with Texpert Nrupesh Soni for his opinion […] today25 February, 2025
insert_link Business / Economics Cirrus Capital merges with Survey Warehouse to form new entity Cirrus Capital has announced its merger with Survey Warehouse to form Cirrus Survey Warehouse, strengthening its research and analytical capabilities. The integration combines both companies’ strengths in research, data collection, and evidence-based analysis to better support policy and business strategy development. Christiaan Keulder, founder of Survey Warehouse, commented on the merger, emphasising the complementary expertise and industry experience brought together by the new entity. "Both Cirrus and Survey Warehouse […] today19 February, 2025
insert_link Namibia Financial Struggles Worsen as State Support and Shack Dwellings Increase About 25% of Namibians earning an income spend only N$521 monthly, while 90% cannot afford more than N$5,000, reflecting widespread financial struggles, according to Cirrus Capital. State support sustains nearly a quarter of households, with drought relief beneficiaries doubling to 364,927 in 2024. Shack dwellers now make up 28.7% of households, tripling since 2011 to 217,000, especially in the Khomas region. Rising inflation and declining self-sourced income have worsened inequality […] today19 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
