Inflation

Bank of Namibia pushes financial innovation at Cirrus Investor Conference

Bank of Namibia Governor Johannes !Gawaxab WINDHOEK – The Bank of Namibia has reaffirmed its commitment to financial innovation and stability at the 2025 Cirrus Investor Conference, held this week in Windhoek. Governor Johannes !Gawaxab delivered the keynote address, highlighting the bank’s strategy to build a future-ready, inclusive financial system. During his speech, !Gawaxab noted that Namibia’s economy grew by 3.7% in 2024. This was a slight dip from 4.4% […]

10 April, 2025 33

Business / Economics

U.S. tariffs threaten Namibia’s key industries

Namibia is among the many countries affected by the latest tariff announcement from the United States, which has imposed a 21% tariff on Namibian exports. The move, part of the Trump administration's broader reciprocal tariff package, aims to balance trade deficits with over 180 countries. Namibia's main exports to the U.S. include diamonds, building stones, fish fillets, beef, and charcoal—industries now facing increased costs and potential declines in trade volumes. […]

4 April, 2025 49

Namibia

Fuel prices go up as government adjusts dealer margins

Image contributed (Xinhua/Chen Cheng) Motorists will face higher fuel costs from Wednesday, as the Ministry of Mines and Energy has announced a 50-cent per litre price increase. At the same time, fuel retailers will see their margins rise by 30 cents per litre, while the Road Fund Administration levy will increase by 20 cents per litre. The ministry says the adjustments are due to the introduction of a new minimum […]

4 March, 2025 51

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, […]

26 February, 2025 48

Business / Economics

Morning Biz News – 21 February 2025

Namibia Poised for Historic Trade Milestone Namibia is set to make history with its first export under the African Continental Free Trade Area (AfCFTA), marking a significant milestone in the country’s trade expansion efforts. According to The Brief publication, the Chamber of Commerce and Industry has called on local businesses with consignments ready for shipment by next month to participate in this groundbreaking initiative. The move is expected to enhance […]

21 February, 2025 20

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 […]

21 February, 2025 19

Business / Economics

Morning Biz News – 18 February 2025

Local Market Update The Namibian stock market saw a total of 337,067 shares traded on 17 February 2025, amounting to N$9.32 million across 20 deals. Year-to-date, total trades have reached 8.5 million shares, valued at N$505.68 million. According to the NSX daily report, Financials, Basic Materials, and Consumer Staples led in value, while Exchange-Traded Products contributed N$12.03 million in trades so far this year. Rand Weakens Ahead of Budget Speech […]

18 February, 2025 26

Business / Economics

Inflation Drops to 3.2% Despite Monthly Increase

The local annual inflation rate eased to 3.2% in January, continuing its downward trend due to lower costs in key sectors. However, the month-on-month inflation rate saw an uptick, rising to 1.1% from 0.2% in December. Capricorn Asset Management’s Floris Bergh weighs in:

18 February, 2025 40

Business / Economics

Inflation Falls, But Monthly Rate Rises

Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen:

13 February, 2025 34