insert_link Business / Economics Namibia to host AFI global policy forum in 2025 The Bank of Namibia, in partnership with the Alliance for Financial Inclusion (AFI), will co-host the AFI Global Policy Forum (GPF) in September 2025. The event will bring together global policymakers and regulators to discuss financial inclusion and its role in economic growth. Namibia will use the forum to showcase its progress in financial inclusion and highlight policy innovations that have expanded financial services to individuals and small […] today29 January, 2025
insert_link Business / Economics The Bank of Namibia reduces the repo rate Consumers can expect some relief as the Bank of Namibia has lowered the repo rate by 25 basis points, bringing it down to 7%. This marks the central bank’s final rate decision for the year. Here is BoN Governor Johannes !Gawaxab speaking at today’s monetary policy announcement. Cirrus Capital economist, Robert McGregor reacts to the development. today4 December, 2024
insert_link Business / Economics Bank of Namibia Hosts CMA Central Bank Governors Meeting The Bank of Namibia organized a high-level meeting of the Common Monetary Area Central Bank Governors, led by Governor Johannes !Gawaxab. The meeting included Governor Lesetja Kganyago from the South African Reserve Bank, Governor Emmanuel Letete from the Central Bank of Lesotho, and Governor Phil Mnisi from the Central Bank of Eswatini. Here's BoN'S Communications Practitioner: Josefina Oskar: today19 November, 2024
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, […] today16 October, 2024
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 […] today4 September, 2024
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 today5 July, 2024
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 […] today20 June, 2024
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 […] today31 May, 2024
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. today10 May, 2024
