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Banks not compelled to increase lending rate
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Banks not compelled to increase lending rate

Namibians have no choice but to keep on tightening their belts and reduce spending even more after the Bank of Namibia yesterday increased the repo rate again, this time with 25 basis points, from 7% to 7.25%. This brings the prime lending rate to 11%. 

NIPDB and World Bank tackle financing
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NIPDB and World Bank tackle financing

The Namibia Investment Promotion and Development Board (NIPDB) and the World Bank Group recently concluded a Chelete Cage pitch event, providing a platform for innovative start-ups and micro, small and medium enterprises (MSMEs) to raise funds and meet their capital requirements. 

We want to win medals – Mwiya
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We want to win medals – Mwiya

The upcoming Pod ium Performance Programme (PPP) training set to take place in Gaborone, Botswana next week is a step in the right direction in terms of enhancing local athletes, the chief administrator of the Namibia Sports Commission (NSC) Freddy Mwiya has said.