insert_link Business / Economics Bank of Namibia reduces repo rate to 7.25%, offering relief to consumers The Bank of Namibia has announced a 25 basis point reduction in the repo rate, bringing it down to 7.25 percent. This decision follows an extensive review of domestic, regional, and global economic conditions. Speaking at the monetary policy announcement, BoN Governor Johannes !Gawaxab emphasized the need to moderate monetary restrictions due to slowing economic growth and declining inflation. "Domestic economic activity rose during the first eight months of 2024, […] todayOctober 16, 2024 11
insert_link Business / Economics Geingos talks investment landscape at Africa Hydrogen Summit Namibia is hosting the Global African Hydrogen Summit. The event brings together heads of state, ministers, business leaders, and investors from Africa and beyond. The goal is to drive partnerships and secure investments in key green energy projects across the continent. Among the speakers on Wednesday was former First Lady, Madam Monica Geingos, who gave an overview of Namibia's investment landscape to investors. Another moment at the summit […] todaySeptember 4, 2024 40
insert_link Namibia Bank of Namibia Governor Highlights Stability as Key to Investment Appeal at London Stock Exchange meet Bank of Namibia Governor Johannes !Gawaxab emphasized that the country's stability and predictability are crucial for attracting investment. Speaking to bankers, analysts, and representatives of the London Stock Exchange on Thursday, !Gawaxab noted that despite challenges like a severe drought, Namibia remains a stronghold of economic resilience amid a volatile global economic landscape. Director: Strategic Communications & International Relations at the regulator- Kazembire Israel Zemburuka todayJuly 5, 2024 23
insert_link Business / Economics 13-20 June 2024 Weekly Economics Wrap: Pupkewitz Tops Affordability, Namibia Holds Rates, and Global Markets Shift Pupkewitz Megabuild Leads in Affordability According to The Brief's monthly survey for June 2024, Pupkewitz Megabuild has emerged as the most affordable hardware store in Windhoek. This survey, initiated in June 2023, benchmarks the prices of a standardized basket of hardware items across four major stores: Build It, BUCO, Pupkewitz Megabuild, and Ark Trading. Pupkewitz's consistent pricing strategy has positioned it favorably among consumers seeking value for money in their […] todayJune 20, 2024 11
insert_link Local Bank of Namibia hosts public lecture on financial inclusion in rural areas The Governor of the Bank of Namibia, Mr. Johannes !Gawaxab, delivered a public lecture at the Namibia University of Science and Technology (NUST) in Eenhana, Ohangwena region. The lecture, under the theme "Unlocking Opportunities for Rural and Informal Sector Development through Financial Inclusion," highlighted the critical role of financial inclusion in transforming Namibia's rural economy. In his address, the Governor drew lessons from the Bank's 2023 Annual […] todayMay 31, 2024 14
insert_link Namibia Competition Commission Imposes Fine on Bank of Namibia Governor and Others for Unapproved Merger The Namibian Competition Commission has fined Bank of Namibia Governor Johannes !Gawaxab, Ismael Gei-Khoibeb, and Gamma Investments CC for executing a merger without the necessary approval from the watchdog. According to NaCC's statement, !Gawaxab sold his stake in Gamma to Gei-Khoibeb on June 10, 2020, violating the Competition Act. Corporate Communications Practitioner at NaCC, Dina //Gowases. todayMay 10, 2024 70
insert_link Business / Economics Bank of Namibia joins Cirrus Investor Conference for global connectivity The Bank of Namibia has participated in the 5th Cirrus Investor Conference held in Swakopmund from 9 to 10 April. The conference was held to facilitate connections between Namibian securities issuers and international investors, bringing together various stakeholders. Governor Johannes !Gawaxab delivered the opening address, discussing Namibia's economic trajectory and financial outlook in light of global forces. Naufiku Hamunime BoN's Principal: International Relations and Sustainability, has more. todayApril 10, 2024 25
insert_link Local Governor! Gawaxab champions economic resilience and financial innovation at 2024 Cirrus investor conference The Bank of Namibia, participated in the 5th edition of the Cirrus Investor Conference. Taking place in Swakopmund between 9-10 April 2024, the conference drew development finance institutions, institutional asset managers, listed companies, state-owned enterprises, and Government Ministries, offices and agencies together to connect Namibian securities issuers and potential issuers, with investors from around the world. Speaking at the event, the Governor of the Bank, Mr. Johannes !Gawaxab provided […] todayApril 10, 2024 7
insert_link Namibia Bank of Namibia engages stakeholders on oil and gas projects in the //Karas region Bank of Namibia Governor, Johannes !Gawaxab, has engaged stakeholders in Lüderitz about the potential from recent oil and gas discoveries and green hydrogen projects. The event, spanning from April 3 to April 4, 2024, included a public lecture titled "Positioning Namibia’s Oil & Gas Endowments: Avoiding the Dutch Disease". Kazembire Zemburuka, Director of Strategic Communications and International Relations, at the Bank of Namibia. todayApril 4, 2024 64