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      Repo rate remains unchanged at 6.75%

      Repo rate remains unchanged at 6.75%

      2018-08-16  Staff Reporter
      WINDHOEK – The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday confirmed that the repo rate has been left unchanged at 6.75 percent. After a review of global, regional and domestic economic and financial developments, the MPC’s decision was made to continue supporting domestic growth, while maintaining the one-to-one link between the Namibia Dollar and the South African Rand.
      Kunene regional leadership pays courtesy visit to MTC

      Kunene regional leadership pays courtesy visit to MTC

      2018-08-16  Staff Reporter
      WINDHOEK – Marius Sheya, Governor of the Kunene Region, alongside his regional and local authority councilors, recently paid a courtesy call on the MTC management and was received by the Chief Human Capital and Corporate Affairs Officer, Tim Ekandjo.
      Blue economy concept gains wide admiration in Africa

      Blue economy concept gains wide admiration in Africa

      2018-08-16  Staff Reporter
      WINDHOEK - The new Blue Economy concept – which is defined as the use of ocean resources by human beings and at the same time make sure that such resources are not depleted, is increasingly gaining support as the vehicle towards achieving ocean sustainability in Africa.
      Bank Windhoek opens Okahao Branch

      Bank Windhoek opens Okahao Branch

      2018-08-16  Staff Reporter
      WINDHOEK – Bank Windhoek extended its footprint in the country even further when it officially opened its 55th branch in Okahao, Omusati Region this week. The newest Bank Windhoek branch was officially opened by the Governor of the Region, Erginus Endjala, in the presence of King Johannes Mupongolitha Mupiya of Ongandjera, Mayor of Okahao, Immanuel Amutenya, councillors of Okahao Town Council, Man
      SADC member states urged to ratify ILO Convention 189

      SADC member states urged to ratify ILO Convention 189

      2018-08-16  Kuzeeko Tjitemisa
      WINDHOEK - Representatives of domestic workers unions from five SADC countries have urged member countries in the region to ratify International Labour Organisation (IOL) Convention 189 on decent work for domestic workers.
      Latest Fitch rating a confirmation for continued consolidation - analysts

      Latest Fitch rating a confirmation for continued consolidation - analysts

      2018-08-16  Edgar Brandt
      WINDHOEK - The latest assessment of the Namibian economy by international ratings agency, Fitch Ratings, on Monday affirmed a sub-investment grade rating of BB+ with a stable outlook. Local economists believe that this assessment is a confirmation for continued fiscal consolidation efforts, which have thus far been slow as government struggles to balance consolidation with adequate economic growth
      Namibian charcoal exports could increase to 200 000 tonnes by 2020

      Namibian charcoal exports could increase to 200 000 tonnes by 2020

      2018-08-15  Staff Reporter
      WINDHOEK - Charcoal production is an important activity for managing bush encroachment in Namibia. With an estimated 160 000 tonnes of export volume in 2016, Namibia is currently ranked as the fifth largest exporter of wood charcoal in the world, which also makes it the largest exporter of charcoal in the Southern African region.
      Namibia ranked 4th in SADC in terms of financial inclusion

      Namibia ranked 4th in SADC in terms of financial inclusion

      2018-08-15  Edgar Brandt
      WINDHOEK - The latest results from the Namibia Financial Inclusion Survey (NFIS) indicate that the country’s banking population increased to 67.9 percent in 2017, up from 45 percent in 2011. In addition, the majority of the eligible banking population, 64.7 percent, said they consider Automated Teller Machines the most comfortable banking channel followed by bank branches at just over 58 percent.
      Missing links persist in SADC’s energy infrastructure

      Missing links persist in SADC’s energy infrastructure

      2018-08-14  Edgar Brandt
      WINDHOEK - Member States of the Southern African Development Community (SADC) actually produce more electricity than they require at peak demand but because not all member states are connected to the regional electricity grid, this excess energy cannot be shared with member states that do not generate sufficient amounts of energy for their respective populations. When considering SADC’s current pe