Author: Maihapa Ndjavera (Maihapa Ndjavera )

THE Namibian Financial Institutions Supervisory Authority (Namfisa) recovered more than N$2.2 million on behalf of disgruntled consumers during the quarter ended 31 March 2023. 

The shortage of pork on the local market due to a ban of imports from South Africa owing to the outbreak of foot-and-mouth disease has pushed up prices for meat processors and consumers. 

 While Namibia continues its quest to become one of the world’s leading green hydrogen production hubs, questions linger about the country’s decision to acquire a stake in the vaunted project. 

The Communications Regulatory Authority of Namibia said competition in Namibia’s information and communications technology sector may promote market efficiency, encourage innovation and ultimately benefit consumers.

Benefits from the current fixed one-to-one exchange rate arrangement between the Namibia Dollar and the South African Rand outweigh the costs, and delinking is not an option, as it would severely negatively impact the domestic economy in various ways, the Bank of Namibia governor has said.

The difference in repo rates between South Africa, which currently stands at 8.25%, while Namibia is at 7.75%, amounting to a difference of 50 basis points, continues to be the reason that many investors chase better returns in South Africa.

The City of Windhoek is owed a staggering N$1.2 billion as at May 2023. City spokesperson Lydia Amutenya stated the amount also includes the current accounts that are due for payment in June 2023. 

The land of the brave was this week selected to host the Africa Hospitality Investment Forum (AHIF) in 2024. 

Namibians were yesterday slapped heavily after the Bank of Namibia governor Johannes !Gawaxab announced that the repo rate has increased by 50 basis points, from 7.25% to 7.75% with immediate effect. Bringing the prime lending rate to 11.50%.

The Chamber of Mines of Namibia welcomed Cabinet’s decision to prohibit the exportation of Namibia’s critical minerals in raw form in a bid to create more local jobs and more local value.