N$48.6 Billion Increase By Domestic Economy

By Samuel Daniel AccoAccording to the information revealed by the Namibian Statistics Agency, Domestic Economy has expanded to N$48. 6 billion in the second quarter of 2022 in the sectors of retail, agriculture and manufacturing. In 2022, the economy has shown a slight growth of N$5.4 billion in comparison to last year where it was at N$43.2 billion. Manufacturing sector […]

Repo Rate Increases From 4.75 To 5.50 Percent

On the 15th and 16th of August 2022, the Monetary Policy Committee (MPC) of the Bank of Namibia held its bi-monthly meeting to decide on the opportune monetary policy stance to be implemented over the next two months. To perpetuate safeguarding the peg arrangement and thus anchoring inflation prospects, while meeting the country’s international financial obligations, the MPC decided to increment […]

Namibia’s May Total Merchandise Trade ‘flies’…

By Mashazi Mahoto The country’s total merchandise trade for May soared to 15,9 billion in May, an increase of 50,4 percent in comparison to the previous month, the Namibia Statistics Agency revealed today. In April, the country had registered 10,6 billion only. Sadly, the country’s trade balance remained in a deficit amounting to N$4.6 billion as compared to N$4.1 billion […]

Bank Windhoek announced its new fee structure, effective Friday, 1 July 2022

The new fee structure focuses on achieving: where possible, free, or affordable banking, multi-Channel availability, and convenience.   According to the bank, there will be no monthly subscription fees for internet banking, mobile app, and cellphone banking, to reduce customers’ reliance on branches and to encourage them to use alternative digital services.   Airtime purchases utilizing the new Bank Windhoek Mobile App […]

Gether To Apportion Stories And Engage At Old Mutual’s 12th Women’s Summit

Old Mutual Namibia hosted its 12th annual Women’s Summit in Swakopmund over the weekend under the theme; “Securing your Financial Future”.   The summit attracted over 140 women and Nicolette Mashile, renowned South African broadcaster, and best-selling author of “What`s your move,” headlined the event alongside local speakers, Colette Rieckert, Hermien Elago, and Afra Schimming-Chase.   Mashile touched on how her early […]

Germany Ready To Help Namibia Economy

Germany has agreed to work with Namibia to fund the NamPost facility in support of SMEs, Water Sector support and renewable energy program. Germany’s ambassador Herber Beck said this during the signing of the Financial Cooperation agreement on interest loans between Namibia and Germany on Friday in Windhoek.  Furthermore, Beck said looking at the areas they have agreed to fund, […]