Economic Growth

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

Business / Economics

NCCI to elect business leaders and representatives across all 14 regions

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.

29 January, 2025

Business / Economics

Namibia to host AFI global policy forum in 2025

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 […]

29 January, 2025

South Africa

South Africa Aims to Regain Investment-Grade Credit Rating in Two Years

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 […]

21 January, 2025

Business / Economics

Mining threatens tourism

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 […]

20 January, 2025

Business / Economics

10 January 2025 Morning Biz News Update: Growth in Milk Production, Trade Relations, and Economic Challenges

Milk Production Surges Namibia’s milk production saw a notable increase in the third quarter, reaching 4.2 million litres, which marks a 7.5% year-on-year growth and an 11% rise compared to the previous quarter. According to the Bank of Namibia, the growth is attributed to the rise in the number of milk-producing cows and technological advancements that have improved production efficiency, reinforcing the positive outlook for the local dairy industry. […]

10 January, 2025

South Africa

ANC Treasurer General Calls for Increased Effort to Improve South Africans’ Lives

ANC Treasurer General, Gwen Ramokgopa, says the party needs to work even harder now to improve the lives of most South Africans. ANC president Cyril Ramaphosa is set to deliver the January 8 Statement in Cape Town on Saturday as the party celebrates its 113th birthday. Ramokgopa says the ANC has done a great deal over the last three decades, but not everyone has benefited from the party's […]

10 January, 2025

Business / Economics

World Bank Unveils Strategy to Boost Namibia’s Growth and Equity

The World Bank has introduced its 2025-2029 strategy to support Namibia's economic growth and address inequality. This comprehensive plan emphasizes job creation and enhanced access to quality public services, aligning with the country’s Vision 2030 and the Second Harambee Prosperity Plan for 2020-2025. The World Bank’s board of directors discussed the framework in a recent meeting, reaffirming its commitment to Namibia’s sustainable development.

10 January, 2025

South Africa

In S.A, the ANC is set to unveil a bold vision for the future

In S.A, the ANC is set to unveil a bold vision for the future at its January 8th rally this Saturday at Mandela Park Stadium in Khayelitsha, Western Cape, focusing on economic growth, justice, and equality. ANC secretary-general Fikile Mbalula told the media the party’s vision aims to create a more equitable society, with a clear path forward to advance social justice and rebuilding the economy:

7 January, 2025