The annual inflation rate recorded for July 2023 was 4.50%, a steep decrease, compared to 5.30% recorded in June 2023. Keeping the repo rate steady is particularly motivating for aspiring, first-time home buyers, whose appetite for home ownership remains consistent.
The Namibia Agriculture Policy is the overarching policy and can serve as a base for aligning existing policies, laws and regulations.
The Bank of Namibia held its macroprudential oversight committee meeting on 10 July 2023 to assess risks and vulnerabilities faced by the Namibian financial system.
Looking back over the past 33 years since Namibia gained independence, economic development presents us with a key element in which we should move to a less concentrated production and trade structure.
From personal experience of 22 years as a senior credit, credit manager, and bank branch manager, I have discovered that banks are always willing to take what they can get, giving you one last chance to get back on your feet.
The Namibia economy of tomorrow, after all, depends on the wisdom of the policymakers and decisions they make today.
The Namibian government periodically sets policies as corrective measures for the volatile economy. It is imperative that policymakers encourage economic growth by implementing policies that promote investment, innovation, and entrepreneurship.
The new City of Windhoek CEO might propose compulsory debit orders for residents in arrears. He also wants the government to start deducting portions of civil servants’ salaries to pay their municipal bills.
Namibia is an upper-middle-income country. It relies on mining, agriculture and fishing. Uncertainty may remain, but it can be transformed into planned uncertainty, with no surprises and with contingency plans in place.
South Africa’s rand tumbled to 19.51 against the United States dollar, as geopolitical risks added to investor concerns over a domestic energy crisis and global monetary tightening.