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.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
Current currency peg serves Namibia well – BoN
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.
Repo rate imbalance costs Namibia N$10b
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.
City owed N$1.2b
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.
Namibia to host Africa Hospitality Investment Forum
The land of the brave was this week selected to host the Africa Hospitality Investment Forum (AHIF) in 2024.
BoN safeguards dollar-rand peg…!Gawaxab empathetic to consumers losing their homes
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%.
Mining chamber supports beneficiation…concerned about mineral exportation in small quantities
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.
BoN to announce another repo rate hike
The Bank of Namibia is expected to throw yet another jab at consumers with the third repo rate announcement of the year this morning.
Namfisa pays millions for office rent
The Namibia Financial Institutions Supervisory Authority (Namfisa) continues to pour millions of dollars into office rental and parking.
Lawmakers ponder consumer relief …and consider new competition or increased regulation
Lawmakers are investigating how they can rescue ordinary consumers from high interest rates and exorbitant charges at commercial banks.