insert_link Business / Economics Repo Rate Held at 6.50% to Support Stability The Bank of Namibia has kept the Repo rate unchanged at 6.50% following its final MPC meeting of the year earlier this week. The committee said the decision helps maintain the Namibia Dollar–Rand peg while supporting the domestic economy. Moderate economic growth, contained inflation, slower credit extension, a narrower trade deficit, and sufficient international reserves all shaped the decision. today4 December, 2025
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 Banking Sector Strengthens Economic Footing Local banking assets have climbed to N$180 billion, representing 70% of the Gross Domestic Product and confirming the industry’s role as the third-largest contributor to the economy. Our correspondent Hertha Ekandjo reports that PSG Wealth Namibia says the sector contributed 8.1% to GDP for this year, maintaining a steady 5% year-on-year growth despite wider economic challenges. today14 November, 2025
insert_link Business / Economics All Eyes on Bank of Namibia’s Interest Rate Announcement The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today. With the repo rate at 6.75% and South Africa’s at 7.25%, economists say the move could influence inflation and currency stability. Cirrus Capital’s Robert McGregor provided his outlook before the announcement. today15 October, 2025
insert_link Interview Transcripts Interview: Business Expert Josef Sheehama Backs Pension Access to Ease Government worker Debt Business expert Josef Sheehama has highlighted the urgent need for government employees to access their pension funds to settle mounting debt, citing the pressures of the current economic climate and rising financial distress among public servants. Speaking in an interview, Sheehama noted that excessive debt has been linked to mental health challenges and, in some cases, even suicides. Sheehama expressed support for government initiatives such as the pension-backed home loan scheme, […] today13 October, 2025
insert_link Business / Economics Financial Sector Unites for Sustainable Finance The Namibia Sustainable Finance Alliance was launched by the Bank of Namibia and key financial stakeholders to strengthen sustainability, climate resilience, and knowledge exchange within the financial system, says Naufiku Hamunime, Acting Deputy Director: Corporate Communications and Sustainability. today2 October, 2025
insert_link Business / Economics Microlending Sees Sharp Growth Reliance on microlenders continues to climb, the latest report from the Namibia Financial Institutions Supervisory Authority reveals. Term borrowers average nearly N$28,000 per month, while payday borrowers, who constitute 82 percent of the portfolio, borrow just under N$4,000. Total loans jumped 45 percent in 2024 to N$5.2 billion: NamFISA chief executive officer Kenneth Matomola. today30 September, 2025
insert_link Business / Economics Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets. The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA: today26 September, 2025
insert_link Business / Economics BoN Sees Slower Growth, Launches Data Hub The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data. today21 August, 2025
