insert_link Business / Economics Namibia Welcomes South Africa’s Lower Inflation Target The Bank of Namibia's Naufiku Hamunime, Deputy Director of Corporate Communications and Sustainability, welcomed South Africa’s decision to lower its inflation target to 3 percent, saying it will bring long-term benefits for Namibia through the Common Monetary Area. With Namibia’s dollar pegged to the rand, aligning key monetary indicators like interest rates helps maintain stability, while membership in the bloc continues to provide price stability, lower transaction costs, and […] today18 November, 2025
insert_link Business / Economics BoN Set to Announce Rate Decision Today. The Bank of Namibia is expected to reveal its latest repo rate decision today, with the current rate standing at 6.75%. While South Africa recently lowered its repo rate to 7.25%, narrowing the interest rate gap between the two countries, experts have emphasized the importance of maintaining the dollar peg. Economist Robert McGregor from CIRRIUS Capital shared his outlook on the upcoming decision. today18 June, 2025
insert_link Business / Economics U.S inflation eased slightly in January U.S inflation eased slightly in January according to new figures — raising questions about possible rate cuts in the coming months. At the same time, figures revealed Americans spending slowed more than what was forecast for January. Mitch McCann reports today1 March, 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
insert_link 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 […] today18 February, 2025
insert_link Business / Economics Morning Biz News – 13 February 2025 Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […] today13 February, 2025
insert_link Business / Economics US inflation hits 3% for first time since June US President Donald Trump is pressing on with his protectionist agenda, readying reciprocal tariffs on various products from multiple nations, despite fresh inflation data showing prices are still rising in the United States. CPI increased 3% last month compared to a year ago — that's higher than economists predicted, as Benji Hyer reports. today13 February, 2025
insert_link Business / Economics 07 February 2025 BIz News Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […] today7 February, 2025
