insert_link 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. today4 December, 2024
insert_link 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 […] today20 November, 2024
insert_link 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 […] today14 November, 2024
insert_link 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 […] today11 November, 2024
insert_link Business / Economics Employers Federation Talks New National Minimum Wage The Labour, Industrial Relations, and Employment Creation minister, Utoni Nujoma, announced that the national minimum wage will rise to N$18 per hour, effective January 1, 2025. Terrence Makari from the Employers Federation of Namibia provides insights on this important development. today6 November, 2024
insert_link Local Bank Windhoek’s Agri Series Focuses on Drought Impact on Namibia Bank Windhoek’s Executive Officer for Marketing and Corporate Communication Services, Jacquiline Pack, emphasized that the agriculture sector has always been a cornerstone of Namibia’s economy and society, contributing around 6% to the Gross Domestic Product (GDP) and creating significant employment opportunities. She made this statement on Tuesday, 5 November 2024, while announcing that the fifth Agricultural Series will take place on Wednesday, 13 November 2024, in Windhoek, live on […] today6 November, 2024
insert_link Business / Economics 5 November 2024 Morning Biz News Update: Key Financial Developments In the past year, Namibia has witnessed a significant increase in credit extension, with a total of N$3.37 billion issued—almost double the amount from the previous year. According to The Brief, individuals accounted for N$1.90 billion of this credit, while corporations took up N$1.47 billion. Private sector credit has shown positive growth, rising by 0.6% month-over-month and reaching an annual growth rate of 3.0% by September 2024. Meanwhile, the South […] today5 November, 2024
insert_link Business / Economics Economist Embraces Tax Amnesty Announcement During the presentation of the mid-term budget, Finance minister,Iipumbu Shiimi, announced the extension of the tax amnesty programme until October 31, 2026. It was originally set to expire today. Economist Gabriel Erastus provided his insights on the announcement. today31 October, 2024
insert_link Namibia Business Confidence Climbs Amid Improved Credit Access The latest Standard Bank Afrotrade barometer indicates a rise in local business confidence, with the index score increasing from 58 to 59 out of 100 since May 2023. As per The Brief, this boost is largely due to improved access to credit, as only 39% of surveyed businesses reported challenges in securing credit, a slight improvement from 42% reported in May 2023. today29 October, 2024
