Cirrus Capital

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% […]

10 April, 2025 64

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 […]

4 March, 2025 75

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 […]

25 February, 2025 113

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 […]

19 February, 2025 113

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 […]

19 December, 2024 12

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

4 December, 2024 44

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.

4 December, 2024 46

Business / Economics

Roland Brown weighs in on Hydrogen hype with Gary Stroebel

Cirrus Capital Co-Founder Roland Brown recently published an insightful article titled "Hydrogen Hype: Balancing the Equation," where he examines the growing excitement around hydrogen as a potential energy source. In an interview with Future Media CEO Gary Stroebel, Brown delves into the critical aspects of the hydrogen economy, offering a balanced perspective on its promises and challenges. Listen to the full interview: https://shorturl.at/tvjhR

7 October, 2024 80

Namibia

Finance Ministry calls for employee PAYE refunds after tax changes

The Ministry of Finance and Public Enterprises has instructed employers to reimburse employees once the new statutory tax rates are gazetted, according to a media release issued on Saturday. The Ministry's spokesperson, Wilson Shikoto, explains. Cirrus Capital economist Robert McGregor said that the amendment will provide consumers with additional relief over and above the 25 basis points repo rate reduction seen last month. Meanwhile, business owner […]

16 September, 2024 131