Small businesses big impact: Boosting SMEs to drive economic growth

Small businesses big impact: Boosting SMEs to drive economic growth

In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40 000 SMEs in Namibia, supporting the livelihoods of more than 200 000 people and contributing approximately […]

May 28, 2024 11

Interview Transcripts

EXCLUSIVE : The Postponement of the Rent Control Bill: Insights from Manuel Ngaringombe, PDM Spokesperson

February 19, 2024/Leonard Witbeen In a recent statement, Manuel Ngaringombe, the spokesperson for the Popular Democratic Movement (PDM) political party, shed light on the postponement of the Rent Control Bill, providing valuable insights into the party's stance and approach towards this critical legislation. Mr. Ngaringombe began by expressing gratitude for the question and promptly delved into the key update concerning the Rent Control Bill. According to him, the bill has […]

February 19, 2024 23

Bank Windhoek’s strategic communication manager

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 […]

November 23, 2023 17