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

Economic Activity

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Local

Bank of Namibia launches industry kick-off for instant payment programme

          The Bank of Namibia recently hosted the industry kick-off for the Instant Payment Programme (IPP), a transformative initiative aimed at enhancing financial inclusion and accessibility across the country. Mr. Marsorry Ickua, Officer in Charge at the Bank of Namibia, officiated at the event, highlighting the IPP’s commitment to inclusivity. The Instant Payment Solution is designed to be accessible on any device, including non-smartphones, ensuring that […]

todayJuly 1, 2024 23

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Business / Economics

Sri Lanka cuts key interest rates, seeks China deal

    Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told […]

todayMarch 26, 2024 28

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Interview Transcripts

Lifalaza Simataa of the Landless People’s Movement talks : “Charting Namibia’s Economic Progress: Beyond Job Creation Towards Sustainable Growth”

In an interview with our news team at Future Media, the Landless People's Movement spokesperson Lifalaza Simataa give his opinion on shops in Namibia being open for 24 hours to boost economic activity. "The proposal to keep shops open 24/7, while an intriguing idea in concept, doesn't seem practical to address the economic challenges our nation faces. It's a good concept to consider but lacks feasibility in our current circumstances. […]

todayJanuary 9, 2024 8

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Business / Economics

The Bank of Namibia considers banking sector resilience buffer

The Bank of Namibia is considering adding a counter-cyclical capital buffer to improve resilience in the banking sector. This buffer, a macroprudential policy tool, recognises the dynamics of financial markets and economic activity. Its purpose is to strengthen banks against potential losses during economic stress periods. BoN Governor Johannes !Gawaxab says the central bank will begin consultations with the industry regarding the buffer's implementation.

todayDecember 18, 2023 15

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