FNB Namibia economist forecasts April inflation

FNB Namibia economist forecasts April inflation

Following the release of the Consumer Price Index for March 2024, which shows the annual inflation rate stood at 4.5% compared to 7.2% recorded in March 2023, by the Namibia Statistics Agency, we contacted Helena Mboti an economist at FNB Namibia to get the bank's inflation forecasts for April 2024.

April 10, 2024 62

Namibia

FNB House Price Index: Diverse Growth Trends Across Segments and Regions

The FNB Namibia House Price Index for Quarter 4 of 2023 showed 1.5% 12-month average growth, down from the previous quarter. Segments varied, with declines in small and medium segments, while large and luxury segments surged. Ruusa Nandago, FNB Namibia Economist, provided insights.

April 10, 2024 55

Business / Economics

Economists break down revised tax reforms and national budget

With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […]

February 29, 2024 46

Business / Economics

FNB Namibia warns against cyber fraud

As online shopping continues to grow, FNB Namibia is advising customers to be wary of cyber criminals when purchasing goods or online services. Here is FNB Namibia Risk Manager, Vernon Husselmann with more.

February 6, 2024 65

Business / Economics

Rising interest rates drive demand for extended rental agreements

The FNB Rent Price Index has remained positive for two consecutive quarters, reaching a 12-month average of 4.7% in quarter three of 2023. The average rent price on a 12-month rolling basis is N$7 177. The bank’s Economist Ruusa Nandago says individuals are delaying property purchases and choosing extended rentals due to higher interest rates and affordability challenges.

January 29, 2024 55

Business / Economics

FNB Namibia launches campaign to educate seniors citizens

FNB Namibia has started a countrywide tour to talk to older people about scams. The bank’s spokesperson, Hileni Amadhila says the campaign aims to teach senior citizens how to keep their personal banking details safe, especially their PINs and OTPs.

December 20, 2023 70

Business / Economics

GDP growth to slowdown to 3.3% in 2023

FNB Namibia Economist, Ruusa Nandago has revealed that the country’s Gross Domestic Product growth is expected to moderate to 3.3% in 2023 and 2.8% in 2024, from 4.6% in 2022, mainly due to the dry weather conditions which will be compounded by a slowdown in consumption. Nandago explains how inflationary pressures have impacted consumers.

November 27, 2023 34

Press Releases

FNB Partners with Harambe Entrepreneur Alliance to Transform Namibia’s Entrepreneurial Landscape

FNB Commercial Banking is pleased to announce a 1-year partnership agreement with the Harambe Entrepreneur Alliance, an alliance of African innovators known as Harambeans. This strategic partnership aims to unlock the entrepreneurial potential of Namibia and transform its entrepreneurial landscape. As part of this collaboration, FNB's SME clients will gain access to the Harambeans Lab, a comprehensive online learning platform that provides insights from Africa's leading innovators on starting and […]

October 26, 2023 8

Namibia

EFN thanks sponsors for supporting the 2023 Journalism Awards

The Editors’ Forum of Namibia (EFN) would like to congratulate all winners of this year’s EFN Journalism Awards for their exceptional work and unwavering professionalism. The EFN cannot overemphasise the importance of a free press in these trying times, when newsrooms are limping because of media viability issues exacerbated by the big internet companies and the devastation caused by the Covid-19 pandemic. The EFN wishes to remind Namibian journalists of […]

October 24, 2023 12