Salomo Hei

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Namibia

Surging Demand for Uranium Expected to Continue as Nuclear Energy Gains Momentum

This year has witnessed a surge in uranium's popularity, and with the escalating demand, concerns arise about potential shortages. Nuclear energy, distinguished from traditional sources like oil or coal by its minimal carbon dioxide emissions, is driving the increased need for uranium—the essential fuel for nuclear plants. Adding his perspective, Salomo Hei, Managing Director of High Economics Intelligence, shares insights into the evolving dynamics of the uranium market.  

today31 January, 2024

Business / Economics

South African Reserve Bank Keeps Repo Rate Unchanged, BoN Likely to Follow Suit

The South African Reserve Bank has decided to maintain the repo rate at 8.25%, with the prime lending rate at 11.75%. The Bank of Namibia, usually aligned with the SARB to uphold the currency peg, is expected to follow suit. Currently, Namibia's repo rate is at 7.75%. The BoN's upcoming monetary policy meeting on 14 February will provide further insights. Insights from Salomo Hei, Managing Director of High Economic Intelligence.

today26 January, 2024