Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen:
December 2024 wrapped up on a positive note for Namibia’s automotive sector, with local vehicle sales reaching 1,100 units. This represents an impressive 30.8% year-on-year increase from the 841 vehicles sold in December 2023. The market also demonstrated stability, with a slight 0.6% month-on-month rise from November 2024, showing consistent demand despite the seasonal fluctuations typically seen at year-end. Simonis and Storm economist Almandro Jansen provides further insight into […]
In S.A, the ANC has welcomed the South African Reserve Bank’s decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to eleven-percent. The decision was split, with two of the six monetary policy committee members voting for an unchanged rate. The ANC’s spokesperson, Mahlengi Bhengu-Motsiri, says this much-needed adjustment provides relief to South African households and businesses struggling with high borrowing costs: […]
Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […]
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 […]
NCCI President Bisey Uirab Namibia Chamber of Commerce and Industry President Bisey Uirab has announced that their extraordinary meetings will be held at branch levels in towns across all 14 regions to elect business leaders and representatives for the Chamber’s 29 branches. Uirab urged private sector stakeholders, entrepreneurs, and managers to actively participate in the chamber's structure to enhance business representation at all levels.
The Bank of Namibia, in partnership with the Alliance for Financial Inclusion (AFI), will co-host the AFI Global Policy Forum (GPF) in September 2025. The event will bring together global policymakers and regulators to discuss financial inclusion and its role in economic growth. Namibia will use the forum to showcase its progress in financial inclusion and highlight policy innovations that have expanded financial services to individuals and small […]
South Africa's Finance minister Enoch Godongwana says the country could be able to regain its investment-grade credit rating within two years. The country obtained a full house of junk ratings in 2020, when Moody's Ratings downgraded its debt assessment, leaving it without an investment-grade evaluation for the first time in 25 years. In an interview with the SABC at the World Economic Forum in Davos, Godongwana says the government […]
Namibia's growing mining activities are raising concerns over the encroachment on national parks. With these parks serving as tourist attractions, the debate over prioritising mining or tourism income has become an urgent sustainability topic. Beyond revenue considerations, the conservation of the country's rich natural resources is at stake. Many of the mined resources are destined for export, while tourism provides direct financial benefits and supports local communities. This has led […]
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