insert_link Business / Economics Repo Rate Held at 6.50% to Support Stability The Bank of Namibia has kept the Repo rate unchanged at 6.50% following its final MPC meeting of the year earlier this week. The committee said the decision helps maintain the Namibia Dollar–Rand peg while supporting the domestic economy. Moderate economic growth, contained inflation, slower credit extension, a narrower trade deficit, and sufficient international reserves all shaped the decision. today4 December, 2025
insert_link Business / Economics Bank of Namibia Governor Johannes !Gawaxab to step down at year-end The Bank of Namibia has announced that Governor Johannes !Gawaxab will step down on 31 December 2025, concluding more than five years in office. Appointed initially in June 2020 and later for a full five-year term, Gawaxab steered the bank through a turbulent period for the economy. Under his leadership, the bank executed a sharp 400-basis-point increase in interest rates during the 2022–2023 cycle and successfully managed inflation averaging 3.6 […] today19 November, 2025
insert_link Business / Economics Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets. The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA: today26 September, 2025
insert_link Business / Economics Credit Growth Holds Steady at 5.7% Private sector credit growth stayed unchanged at 5.7% year-on-year in July 2025, the fastest pace since early 2020. Simonis Storm analyst Thazwill Thompson says this stability points to a consolidating credit cycle, with corporate demand easing while household uptake shows modest recovery. today4 September, 2025
insert_link Business / Economics Jobless Rate Surge Poses Tax Threat A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. today14 July, 2025
insert_link Business / Economics Interview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
insert_link Business / Economics Interview: Josef Sheehama on Rent: A Call for Fairness and Stability in Namibia’s Property Market In a recent statement, Business and Economics researcher Josef Sheehama discussed the potential impacts of a rent strike in Namibia, drawing comparisons to similar actions, such as the "blackout" protests in the U.S. against wealth inequality. Sheehama's analysis raises important concerns about the rising cost of housing in Namibia and stresses the need for fairness and stability in the property market. The Impact of a Rent Strike in Namibia's […] today10 March, 2025
insert_link Business / Economics S.A Reserve Bank Governor Warns of Inflation Risks South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […] today26 February, 2025
insert_link Africa Botswana Holds Interest Rate Steady Amid Rising Inflation Botswana’s central bank has maintained its monetary policy rate at 1.90% for the third consecutive meeting, the bank announced on Thursday says CNBCAfrica. Inflation rose to 2.5% in January, up from 1.7% in December, but remains below the Bank of Botswana’s preferred range of 3% to 6% in the medium term. The country’s economy, heavily reliant on diamond exports, faced a contraction last year due to weakened global demand for […] today21 February, 2025
