Bank of Namibia Set to Announce New Repo Rate

Bank of Namibia Set to Announce New Repo Rate

With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag.

December 4, 2024 18

Business / Economics

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

September 30, 2024 23

Africa

Victims of Jammeh’s Barbaric Rule in Gambia Still Hope for Solace and Money

Gambia, a tiny country of 2.6 million tightly knit people, located right in the middle of Senegal in West Africa, is still struggling to recover from the brutal 22-year authoritarian reign of Yahya Jammeh. He was the longtime former president who fled the country in 2016 to nearby Equatorial Guinea after he lost re-election and regional states forced him from power. A range of United Nations agencies and bodies […]

March 28, 2024 23

Business / Economics

Financial Planning for Namibia’s Millennials

By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […]

March 28, 2024 15

Business / Economics

What does an unchanged Repo rate mean to a GIPF member?

By Amos Kambonde, Manager: Marketing services at the Government Institutions Pension Fund. Recently, consumers received positive news with the announcement of an unchanged repo rate alongside an unchanged in fuel prices across Namibia. While these developments may seem distant from the average person's daily concerns, they hold significant implications, particularly for members of the Government Institutions Pension Fund (GIPF). Let's delve into what these announcements mean for […]

February 20, 2024 17

Namibia

How to talk to your family about money

By Mauriza Fredericks, Group Brand Manager, Old Mutual Namibia Money is a subject that often stirs unease, even within family circles. However, open and honest discussions about finances are indispensable for fostering trust and ensuring financial stability. In Namibia, where family bonds hold great significance, it's crucial to approach these conversations with sensitivity. This article delves into the art of conversing about money with three essential family groups: spouses, children, […]

December 4, 2023 27

Africa

MTN and Yango forge transformative partnership to empower partner drivers in Côte d’Ivoire

Yango partner drivers to benefit from unlimited data packages Yango has joined forces with MTN to improve the working conditions of its partner drivers. The international ride-hailing company has teamed up with MTN, a leading telecommunications company, to offer drivers free data packages for the Yango Pro app. This collaboration represents a monumental stride in the shared vision of both organizations to innovate and elevate service offerings; underscoring MTN’s belief […]

December 1, 2023 22