Thought Leadership: Plan your bonus to last the long run

By Samuel Linyondi, Bank Windhoek’s Strategic Communication Manager In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools to either control inflation or stimulate demand. Conversely, inflation is the rate of price increase over […]

November 23, 2023 17

Business / Economics

Survey shows that businesses struggle to find skilled workers

A survey by the Economic Policy Research Association and over 500 local businesses has revealed that 56% find it "difficult" to hire adequately skilled employees, with 30% describing it as "extremely difficult." The 2022 survey highlights the need for skilled Namibians to align with global standards in a small, shrinking local economy. The findings are part of a Private Sector Engagement Report launched in August 2023, aiming to establish dialogue […]

November 20, 2023 10