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

inflation rates

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Business / Economics

1 November 2024 Morning Biz News: Development Bank of Namibia Achieves Milestone with N$21 Billion Investment

The Development Bank of Namibia (DBN) has reached a significant milestone, having invested over N$21 billion in local development over the past 20 years. This investment has not only bolstered the country's infrastructure but has also created over 76,000 jobs, highlighting the bank's vital role in Namibia's economic growth. For the fiscal year 2023/2024, the DBN reported a net operating profit of N$62 million, marking a robust recovery from a […]

todayNovember 1, 2024 8

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Business / Economics

Russia Raises Interest Rates to 21% Amid Ongoing Economic Pressures from Ukraine Conflict

Russia's central bank hiked interest rates to 21 percent, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive triggered rapid price rises at home. The increase takes rates to their highest level since 2003. Despite the high inflation and Western hopes sanctions would cripple the Russian economy, the Kremlin is set to ramp up military spending yet again next year. Analysts say Moscow […]

todayOctober 28, 2024 7

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Namibia

Transport, housing, and food drive 4.6% inflation rate

The Namibia Statistics Agency has reported that transport, housing, water, electricity, gas, other fuels, and food and non-alcoholic beverages were the biggest contributors to the 4.6 percent annual inflation rate in July, each contributing 1.0 percentage points. NSA spokesperson Mirjam Shihepo breaks down the numbers.       According to the NSA's July 2024 report, inflation rates varied by zone: Zone 2 (Khomas region) had the highest rate at 5.0%, […]

todayAugust 8, 2024 46

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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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