BEST OF 2022 – ECONOMIC HIGHLIGHTS
Economic Pulse – December 2022 Looking back, 2022 was a year of ups and downs. The optimism that pervaded the start of the year faded as the Ukraine conflict escalated. Tightening monetary policy and rampant inflation in major developed economies renewed the uncertainty of economic recovery though mid-to-late 2022. And, as at the time of […]
NAMIBIA’S UNIVERSAL HEALTH CARE AMBITIONS
Economic Pulse – September 2022 Over the pas couple of decades a lot has been done in terms of improving health care systems around the world. The number of low- and middle-income countries aspiring to achieve universal health coverage (UHC) has also been rising. At present, over 70 nations, mainly in the developed world, operate […]
THE UNTAPPED MARKET OF WOMEN EMPOWERMENT
By Reem El Sherif, RMB Strategy and Business Development Manager. Reem leads Strategy in RMB Namibia and is a passionate researcher in the gender and socio-economic development field. With just around seven and a half years to go for the world to achieve the ambitious gender equality targets of Sustainable Development Goal (SDG) 5, the average […]
CAPRICORN GROUP HANDS OVER THE FIRST 21 TONNES OF A TOTAL DONATION OF 63 TONNES OF MEDICAL OXYGEN
7 July 2021 On 7 July 2021, Capricorn Group received the first truck with 21 tonnes of medical oxygen, at the Afrox Bulk Medical Oxygen facility in Windhoek. In total, Capricorn Group, through its Foundation, donated three trucks of medical oxygen valued at N$1,050,000. Capricorn Group, through the Capricorn Foundation, is proud of its partnership […]
PRIVATE SECTOR CONTRIBUTES TO VACCINES FOR HOPE COALITION
30 April 2021: On 29 April 2021, an amount of more than N$ 12 million was handed over to the Ministry of Health and Social Services as part of private sector companies who had pledged their support to Namibia’s Vaccine Roll-out Plan 2021. The Namibian government has asked local businesses to come together to fund […]
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 […]
Five money management principles for 2021
28 January 2021: The new year is upon us and brings new energy and opportunity for us to put in place or relook our financial plan for the year ahead. Unfortunately, COVID-19 is still very much our reality and continues to put a heavy strain on people’s wellbeing and finances. It is in these uncertain […]
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 […]
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. […]
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 […]