insert_link Business / Economics Interview: Erastus Cautions Against Rushed Nationalisation, Urges Strategic Preparation Economist Gabriel Erastus has urged lawmakers to proceed with caution on proposals to nationalise Namibia’s strategic sectors, warning that such decisions must be guided by strategy, skills, and solid research. Speaking in response to a recent proposal by National Assembly member Mr. Kaaronda on the nationalisation of key sectors and resources, Erastus acknowledged that the call “comes from a good place” — especially in light of limited national benefits […] today23 June, 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 Interview Transcripts Interview: Josef Sheehama Calls for Namibia to Join BRICS to Boost Economic Growth and Industrialization Economic expert Josef Sheehama made a strong case for Namibia to join the BRICS bloc, describing it as a smart and strategic move for the country’s future. Speaking about the fragile global economic and political environment, Sheehama stressed that Namibia can no longer afford to remain neutral but must diversify its international alliances and rebalance traditional ties to reduce dependence on partners who may not fully support its interests. Sheehama […] today16 June, 2025
insert_link Business / Economics Interview: Business Researcher Josef Sheehama on Beneficiation and External Loans: A Strategic Outlook for Namibia’s Economic Future IntroductionIn a recent interview, business researcher Josef Sheehama offered a comprehensive view of Namibia’s economic strategy, emphasizing the dual importance of beneficiation and external loan management. His vision for Namibia's economic independence hinges on industrialization, foreign direct investment (FDI), and leveraging natural resources to reduce dependency on external debt. 1. Namibia’s Vision 2030: Charting a Path to Industrialization Sheehama emphasizes that Vision 2030 is more than a governmental slogan—it […] today12 May, 2025
insert_link Business / Economics Interview: Gabriel Erastus on the African Development Bank and Namibia’s Economic Future As the African Development Bank (AfDB) faces changing dynamics in its funding sources, economist Gabriel Erastus offers insightful perspectives on how this shift could affect Namibia and the broader African continent. With the United States reducing its contributions to the AfDB, Erastus believes it’s time for African nations to step up and take greater ownership of the funding process, which could empower the continent to direct capital toward its own […] today12 May, 2025
insert_link Namibia Namibia’s economy expands as President Nandi-Ndaitwah’s Cabinet and policy plan take shape Namibia’s economy is on track for continued growth in 2025, according to the latest Quarterly Economic Review from the Institute for Public Policy Research (IPPR). The report, released this month and authored by veteran economist Robin Sherbourne, forecasts a 3.8 percent rise in gross domestic product (GDP), driven by easing inflation, robust foreign reserves, and a cut in the central bank’s repo rate to 6.75 percent—its lowest level in over […] today6 May, 2025
insert_link Business / Economics 07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […] today7 March, 2025
insert_link Business / Economics Private Sector Credit Hits 2-Year High Amid Business Confidence Local Private Sector Credit Extension surged to 4.1% in January this year, its fastest pace since early 2023. The growth is driven by stronger corporate lending, signaling renewed confidence, while household credit demand remains subdued. Almandro Jansen is an economist at Simonis Storm: today5 March, 2025
insert_link Business / Economics Trustco Bank Completes Voluntary Shutdown Trustco Bank has officially ceased operations, finalizing its voluntary closure process that began on 23 August 2024. Following extensive efforts to reimburse depositors, any unclaimed funds have been transferred to the Guardian Fund under the Master of the High Court, as directed by the Bank of Namibia. Trustco’s Deputy CEO, Quinton Van Rooyen Junior, confirmed the completion of the process. today4 March, 2025
