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

Namibia Economy

18 Results / Page 1 of 2

Background
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Business / Economics

Economic Growth Slows As Inflation Declines According To BoN

Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November.  

todayDecember 18, 2024 14

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Business / Economics

Green Hydrogen Program Accelerates Progress

  Jona Musheko, spokesperson for the Namibia Green Hydrogen Program, hailed 2024 as a landmark year for the sector. He highlighted the transition from concept to implementation, with $3.6 billion in commitments and $1.6 billion already injected into Namibia's economy. In an interview with us, he added this:  

todayDecember 17, 2024 8

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Business / Economics

Bank of Namibia Affirms Financial Stability Following Recent Review

      Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations, shared updates from the Bank of Namibia’s Macro Prudential Oversight Committee. After their December 5th meeting, she confirmed that the financial system remains stable, with both banking and non-banking sectors maintaining sufficient capital and liquidity to handle potential losses.  

todayDecember 13, 2024 17

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Business / Economics

Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision

The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo  

todayDecember 4, 2024 11

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Business / Economics

Bank of Namibia Set to Announce New Repo Rate

  With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag.  

todayDecember 4, 2024 18

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Namibia

NSX Unveils New Brand Identity, Celebrates Scholars Investment Challenge Winners

  The Namibia Securities Exchange has unveiled a bold new brand identity, marking a significant transformation in its mission to expand and diversify Namibia’s capital markets. At an event on November 15, 2024, NSX also celebrated the winners of the NSIC 2024, a competition that encouraged young Namibians to showcase their investment skills. The rebranding and competition highlight the NSX's commitment to fostering economic growth and nurturing the country’s future […]

todayNovember 20, 2024 8

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Business / Economics

Weekly Economics Wrap: 7-14 November 2024

Your Weekly Economics Wrap Welcome to this week’s economic highlights, capturing key developments from Namibia, South Africa, across Africa, and on the international stage. Namibia: Access Bank’s Graduate Program & Market Activity Access Bank Namibia recently selected 38 promising graduates to join its highly sought-after Graduate Programme, where they will undergo rigorous training at the bank’s Lagos headquarters. Head of Human Resources Edwina Hashikutuva shared that the program received over […]

todayNovember 14, 2024 13

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Interview Transcripts

INTERVIEW: Business and Economics Researcher Josef Sheehama on Local Authorities and Audits

  Business and economics researcher Josef Sheehama recently shared his insights on the ongoing challenges faced by local authorities in Namibia, particularly regarding audits, financial mismanagement, and poor service delivery. Speaking in a recent interview, Sheehama emphasized the long-standing issues that have plagued local authorities and the steps being taken to address them. Sheehama pointed out that the frustration surrounding local authorities isn't a recent development. "This has been an […]

todayNovember 11, 2024 12

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