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 […]
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$1,050,000. Capricorn Group, through the Capricorn Foundation, is proud of its partnership […]
AFRICAN LEADERSHIP INSTITUTE BRINGS TRANSFORMATION, INSPIRATION AND HOPE
10 June 2021: The African Leadership Institute (ALI) has completed its sixth training for health officials in Namibia and this has led to another twelve-healthcare professionals now being able to register for, and graduate with NQA accredited Certificates in Transformational Leadership. To date, ALI, with financial assistance from the FirstRand Namibia Foundation, has trained more […]
PRIVATE SECTOR CONTRIBUTES TO VACCINES FOR HOPE COALITION
30 April 2021: On 29 April 2021, an amount of more than N$ 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 […]
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 […]
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 […]
MARKET COMMENTARY Q3 2019 – SANLAM INVESTMENTS
MEDIA RELEASE As the winter cold quickly becomes a memory and the first drops of rain start to fall, Namibian Investors are hoping for some good news as we head into the last quarter of 2019. The Namibia Meteorological Service forecasts a promising rainy season with a 75% prediction of normal or above-normal rainfall during […]