BON CELEBRATES 35 YEARS AMID ECONOMIC TRIUMPHS AND PERSISTENT INVESTMENT CHALLENGES
BON CELEBRATES 35 YEARS AMID ECONOMIC TRIUMPHS AND PERSISTENT INVESTMENT CHALLENGES Source: Business Express The Bank of Namibia (BoN) marked a signifcant milestone last week, celebrating 35 years of steering the nation’s monetary policy and safeguarding financial stability. A high-profile event in the capital, officiated by President Dr. Netumbo Nandi-Ndaitwah and hosted by Governor Johannes […]
BANK OF NAMIBIA EXPECTED TO CUT REPO RATE BY 25BPS
BANK OF NAMIBIA EXPECTED TO CUT REPO RATE BY 25BPS The Bank of Namibia (BoN) is expected to reduce the repo rate by 25 basis points (bps) next week at its first Monetary Policy Committee (MPC) meeting of the year, lowering it to 6.75%. The anticipated rate cut aligns with South Africa’s monetary policy easing […]
THE BRIEF AND CIRRUS CAPITAL HOST NAMIBIA TOP COMPANIES AWARDS
In a dazzling display of business acumen and corporate achievement, Namibia’s capital, Windhoek, witnessed the launch of the inaugural Namibia Top Companies Awards on October 13, 2023. This momentous occasion, a collaborative effort between The Brief, Namibia’s leading business publication, and Cirrus Capital, a major player in local financial services, brought together the creme de […]
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 […]
HINTS TO GET YOUR MORTGAGE APPROVAL
By: Bank Windhoek’s Market Research Analyst, Loide David Attempting to purchase a house without a plan in place can be a challenging situation. As a first-time homebuyer, you will need to prepare in advance. The steps below can help you buy a home more conveniently and reach the best outcome possible. Preparation: Before you start […]
DEBT MANAGEMENT DURING TOUGH TIMES
By: Bank Windhoek’s Market Research Analyst, Loide David In August, the Bank of Namibia (BoN) cut its benchmark interest rate by another 25 Basis Points (BPS), a standard unit of measure for interest rates, to a record low of 3.75 percent, after the South African Reserve Bank’s interest rate was cut by the same margin in July. […]