Namibia finance

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.

4 December, 2025

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 […]

18 November, 2025

Business / Economics

Bank of Namibia Talks Fintech Forum on Youth and Jobs

The Bank of Namibia hosted the Fintech Thought Leadership Forum under the theme “Unlocking Youth Potential and Job Creation Through Innovations of Tomorrow.” The event gathered leaders from government, business, and academia to explore how technology can promote inclusive economic growth. Naufiku Hamunime, Acting Deputy Director for Corporate Communications and Sustainability at BoN:

21 October, 2025

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.

15 October, 2025

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, […]

13 October, 2025

Namibia

Business Expert Warns of Risks in Pension-Backed Home Loans.

Business Expert Josef Sheehama has cautioned that pension-backed home loans, though a creative solution, may not solve affordability challenges and could endanger retirement savings if borrowers default. He suggested the government directly settle creditors while ensuring employees retain a portion of funds for financial security.

13 October, 2025

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.

2 October, 2025

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.

30 September, 2025

Business / Economics

Private Sector Credit Growth Accelerates to Pre-Pandemic Levels .

Private sector credit grew by 5.7% year-on-year in June, up from 4.1% in May—the fastest pace since early 2020. Corporate credit surged 10.6%, fueled by strong activity in mining, energy, retail, and manufacturing sectors. Overdrafts jumped 17.4%, driven largely by real estate development and rising consumer demand, explained Simonis Storm economist Almandro Jansen.

5 August, 2025