HISTORY RHYMES, DIFFERENTLY
Namibia’s 2027 El Niño test is South Africa’s maize crop, not local rainfall. Three past droughts show food inflation follows SA harvests, the Rand peg and a thinning fiscal buffer.
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
Namibia news wrap: July inflation hits 4.4% on fuel costs, NamRA-Botswana fast-track customs pilot starts, DBN pumps N$819m into the north-east, and the Welwitschia SWF Bill heads to Parliament.
BANK OF NAMIBIA STRENGTHENS MONETARY POLICY AND REGIONAL COOPERATION
BANK OF NAMIBIA STRENGTHENS MONETARY POLICY AND REGIONAL COOPERATION The Bank of Namibia (BoN) has taken significant steps to reinforce its monetary policy framework and deepen regional financial cooperation through a series of developments. These include safeguarding price stability, supporting economic growth and strengthening financial stability. In a move aimed at strengthening monetary policy formulation, […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING NAMIBIA TO FINALISE INVESTMENT PROMOTION BILL BEFORE YEAR-END The Ministry of International Relations and Trade plans to finalise the Namibia Investment Promotion and Facilitation Bill by the end of 2026 to strengthen policy certainty and investor confidence. Minister Selma Ashipala-Musavyi said the Bill aims to balance attracting investment […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING Call to halt Illegal sand and gravel mining in Namibia Indileni Ndeshipanda Daniel, lawmaker and Minister of Environment, Forestry and Tourism, expressed “deep concern” over rising illegal sand and gravel mining in Namibia. She said the activities occur “without the required Environmental Clearance Certificates” under the Environmental Management […]
STANDARD BANK JOINS CREDIT GUARANTEE SCHEME, OFFERS 60% COLLATERAL REDUCTION FOR QUALIFYING SMES
Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60% for qualifying SMEs applying for finance from participating commercial finance institutions. Standard Bank’s Enterprise Direct Manager, Felicia Jooste said the bank has a genuine desire to see SME’s grow and thrive in difficult economic […]
ECONOMIC OUTLOOK UPDATE – February 2021
THE NAMIBIAN ECONOMY IS EXPECTED TO GROW BY 2.7 PERCENT IN 2021 1. Introduction The Bank of Namibia released the Economic Outlook update for February 2021 with the domestic economy expected to recover to a growth rate of 2.7 percent in 2021, from a deep contraction of 7.3 percent in 2020. 2. Global and Regional […]
BANK OF NAMIBIA RALLIES DOMESTIC ECONOMIC PLAYERS TO SUPPORT ECONOMIC RECOVERY
PRESS RELEASE: 11 February 2021, Windhoek BANK OF NAMIBIA RALLIES DOMESTIC ECONOMIC PLAYERS TO SUPPORT ECONOMIC RECOVERY In line with its mandatory obligation to provide sound advice that informs robust and agile policy making, the Bank of Namibia on Thursday, 11 February 2021, hosted an economic roundtable with Chairpersons of Board of Directors and CEOs […]
MVA JOURNEY PREPAREDNESS: 60-SECOND TYRE CHECK CAN SAVE LIVES!
The MVA Fund reminds drivers to do a 60-second check on their vehicle tyres as part of journey preparedness during the upcoming Festive Season. This call was made at the tyre-safety activation held on Wednesday, 4 November 2020 at Kapps Farm Roadblock in Windhoek. The activation held with Namibian Police, Private Road Safety Forum (PSRSF) […]
BANK OF NAMIBIA DONATES TOWARDS THE FIGHT AGAINST COVID-19
PRESS RELEASE: 21 January 2021, Windhoek BANK OF NAMIBIA DONATES TOWARDS THE FIGHT AGAINST COVID-19 In solidarity with the Namibian nation fighting the second wave of the COVID-19 pandemic, the Bank of Namibia has donated medical equipment of about N$3 Million worth to the Ministry of Health and Social Services. The donation took place on […]