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

exchange rate

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8 November 2024 Morning Biz News: Global Financial Trends: Inflation, Interest Rates, and Economic Shifts Impacting Namibia and Beyond

    In the face of global economic challenges, key financial developments are shaping markets worldwide, from inflation trends to shifting interest rates, and changes in trade policies. Recent updates highlight how Namibia is positioned within these global trends, with a strong focus on inflation, exchange rates, and monetary policies that influence everything from local purchasing power to international trade dynamics. Here’s an overview of the most important financial updates […]

todayNovember 8, 2024 12

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Africa

Kenya’s shilling is gaining value, but don’t expect it to last – expert

      By Odongo Kodongo, University of the Witwatersrand   Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent. More than a year later, the Central Bank of Kenya, taking its cue from the International Monetary Fund, said that the run on the shilling was a market correction for a […]

todayApril 17, 2024 10

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Africa

Burkina Faso, Mali and Niger hint at a new west African currency: what it’ll take for it to succeed

    By Thierno Thioune, Université Cheikh Anta Diop de Dakar   On 11 February 2024, the head of Niger’s ruling military junta, General Abdourahmane Tiani, spoke of the possible creation of a common currency with Burkina Faso and Mali. “The currency is a first step toward breaking free from the legacy of colonisation,” he said on national TV, referring to the CFA franc inherited from French colonisation. Burkina Faso, […]

todayMarch 15, 2024 16

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Business / Economics

Josef Sheehama reacts to the decision of Bank of Namibia to keep repo rate unchanged

  By Josef Sheehama   The decision of Bank of Namibia to keep repo rate unchanged is a shocking because inflation rates is stable, and our international reserve remain strong. The policymakers try to navigate risks to inflation and the timing of when global interest rates will start to fall. I understand that the decision influences by several factors contributing to the status quo. We are aware that Namibia's currency,  […]

todayFebruary 14, 2024 13

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