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

Namibian Economy

20 Results / Page 1 of 3

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Basic Income Grant Coalition of Namibia Applauds President-Elect Netumbo Nandi-Ndaitwa and Continues to Advocate for a Universal Basic Income Grant for all Namibians.

  The Basic Income Grant Coalition of Namibia congratulates Honorable Netumbo Nandi-Ndaitwa on her election as President of the Republic of Namibia, historically Namibia’s first and Africa’s second female president. We took note of her promise of economic justice and freedom for all Namibians, as articulated during her campaign. In alignment with these promises, we strongly re-emphasize the need for implementing a Universal Basic Income Grant (UBIG) of at least […]

todayDecember 6, 2024 10

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Business / Economics

FNB Namibia Offers Drought Relief Loans to Farmers

FNB Namibia is stepping up to assist farmers affected by the ongoing drought in the country. In line with the Bank of Namibia’s recent policy changes, FNB is offering loan moratoriums, restructuring, and emergency funding under preferential terms to qualifying agricultural clients. These measures aim to provide financial relief to farmers until October 2026. CEO Sepo Haihambo emphasized that the bank is committed to supporting Namibia's agricultural sector, which is […]

todayDecember 5, 2024 11

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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 13

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2024 Agra Annual General Meeting 29.11.2024

  The Agra Annual General Meeting (AGM) was held on Friday, 29 November 2024, at the Agra/Bank Windhoek Ring. The meeting was attended by Agra shareholders, the Agra Board of Directors, and Management. Mr. Ryno van der Merwe, Chairman of the Board, commended the past year as the third-best financial performance in Agra's history. He acknowledged the challenges faced, noting that the severe drought forced many farmers to sell their […]

todayDecember 2, 2024 7

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Inauguration of New UNAM Facilities in Katima Mulilo for Wildlife Management and Tourism Studies

In the bilateral cooperation between the Governments of the Republic of Namibia and the Federal Republic of Germany, it was agreed, among others, to support the environment and tourism sector. Germany, through KfW Development Bank, provided financial support to extend the UNAM Katima Mulilo Campus. The cooperation included the development of related academic and research programs and the construction of the Department of Wildlife Management and Tourism Studies. On 5th […]

todayNovember 6, 2024 18

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Business / Economics

Swakop Uranium Contributes Over N$7.9 Billion to Namibian Economy in 2023

Swakop Uranium's Husab Mine significantly boosted the Namibian economy in 2023, contributing over N$7.9 billion through local procurement, taxes, and social investments as per The Brief. The company has created more than 6,000 jobs, engaging with over 400 local suppliers, with 62% of its spending directed towards Namibian-owned businesses. The report highlights Swakop Uranium's alignment with the country's National Development Agenda and the Global Sustainability Goals, according to Eliphas Hawala, […]

todayOctober 23, 2024 12

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BANK OF NAMIBIA WARNS PUBLIC AGAINST FRAUDULENT INVESTMENT SCHEMES

    The Bank of Namibia has noted with increasing concern the rise of fraudulent investment schemes that falsely promise financial backing for Namibia’s development initiatives. These schemes are particularly aimed at high-ranking government officials, ministries, traditional leaders, and prominent public figures, exploiting their reputations to lend credibility to deceptive offers. Recently, the Bank has observed that prominent religious and traditional leaders, as well as church elders, are also approached […]

todayOctober 23, 2024 12

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