insert_link Business / Economics Bank of Namibia Engages MPs on Economy and Reform. The Bank of Namibia, led by Governor Johannes !Gawaxab and Deputy Governor Ebson Uanguta, held a statutory engagement with Parliament’s Standing Committee on Economy and Industry, Public Administration and Planning. The meeting focused on regulatory reforms, economic resilience, and financial inclusion, with updates on inflation and consumer protection. Josefina Oskar from the BoN. today26 June, 2025
insert_link Africa Israel-Iran conflict sends economic shockwaves through Southern Africa The spiraling conflict between Israel and Iran is beginning to hit closer to home, with economic and political tremors now being felt across Southern Africa and the continent at large. On Friday, South Africa’s currency took a notable knock, with the rand weakening by 1.6% to R18.04 to the US dollar, as jittery investors scrambled for safer assets amid rising global uncertainty. Government bond yields followed suit, with 2035 bonds […] today13 June, 2025
insert_link Business / Economics Inflation slows to 3.5% in May 2025, NSA Annual inflation rate slowed to 3.5% in May 2025, down from 4.9% recorded during the same month last year. The latest data released by the Namibia Statistics Agency (NSA) points to a cooling of price pressures across several consumer categories, offering some relief to households and businesses alike. However, regional disparities remain a concern. According to the NSA, Zone 3 — which includes the //Kharas, Erongo, Hardap, and Omaheke regions […] today12 June, 2025
insert_link Business / Economics 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% […] today10 April, 2025
insert_link 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. […] today4 April, 2025
insert_link 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 […] today4 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 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 […] today21 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
