Bank of Namibia maintains repo rate at 7.75%

Bank of Namibia maintains repo rate at 7.75%

The Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, resulting in the prime lending rate remaining stable at 11.50 percent. Here is Governor Johannes !Gawaxab addressing the decision. The next meeting of the MPC will be held on 12 and 13 February 2024.

December 6, 2023 34

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

Africa

Africa’s Fashion Sector Primed for Global Leadership

By Bonface Orucho via BirdAfricaNoFilter Africa’s young, innovative, and growing population, a rising middle class, rapid urbanization, and increased government support are some of the factors fueling the African fashion sector, according to a new UNESCO report. The report, 'The Fashion Sector in Africa: Trends, Challenges, and Opportunities for Growth,' unveiled on October 26 during the 13th edition of the Lagos Fashion Week, shows that “the continent holds all the cards […]

November 2, 2023 17