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 […]
MTC NAMIBIA FINANCIALS FOR THE YEAR 2019/2020
MTC Namibia presented strong financials for the year 2019/2020 and are proud to have maintained a leadership position and track record of consistent growth of 2.66% revenue despite economic contraction amidst a global pandemic. The increase is attributed to MTC’s strategic response to the market’s evolving needs; cost containment; and improved customers’ experience, resulting in […]
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 […]
NAMIBIA QUARTERLY BULLETIN DECEMBER 2020
PRESS RELEASE: 18 December 2020, Windhoek DOMESTIC ECONOMIC ACTIVITY REMAINED WEAK DURING THE THIRD QUARTER OF 2020 International economic and financial developments: The GDP data showed a notable rebound for major economies in the third quarter of 2020 compared to the previous quarter. Following the lockdown-induced growth collapse in the second quarter, the levels of […]
MEAT FLASH – 4 September 2020
THE MEAT BOARD STATISTICS SHOWS AFTER 2019 DROUGHT The latest Meat Board of Namibia statistics shows disturbing consequences of the 2019 drought around livestock marketing during 2020. On a year to year basis ending July 2020, total marketing of cattle decreased by 39%. The export abattoirs slaughtered 56% fewer cattle, while live cattle exports (mainly […]
RISK MITIGATION AS THE KEY TO UNLOCKING OPPORTUNITIES
Article By: Tuliikeni Ndadi, Mining Engineer at Standard Bank Namibia It is widely known that the mining industry is risky, faced with disruptions from both within and outside of the mine site boundaries. Along with the conventional risks such as identification and replacement of reserves, volatile commodity prices, and access to capital, new and growing risks […]