insert_link Local Fuel Price Decreases Announced for July 2024 The Ministry of Mines and Energy has completed its review of the fuel prices for July 2024, with significant changes announced following a recent decline in global oil prices. Global Oil Price Trends Oil prices recently dropped to a four-month low, influenced by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decision to maintain production levels steady until the end of 2025. This decision, […] todayJuly 1, 2024 266
insert_link Business / Economics 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 […] todayNovember 23, 2023 9
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
