National

Local economists yesterday warned the central bank’s decision to increase the repo rate by rate by 75 basis points to 5.50% is detrimental to domestic economic growth, could reverse valuable economic recovery gains made and will impact lower-income households the most. 

I come back to you the readers after some break, a lull that I needed to rest, reflect and come up with more ideas to share with you in this column.

Recent analysis shows that in terms of industrialisation and intra-trade, the Southern African Development Community’s (SADC) share of manufacturing value added to its gross domestic product (GDP) is still below 12% compared to the regional bloc’s target of 30% by 2030 and 40% by 2050.

Namibia yesterday accepted the position of the Southern African Development Community (SADC) Organ on Politics, Defence and Security after it emerged that the country might decline based on financial reasons.

Caprivi Concerned Group (CCG) has dragged Botswana president Mokgweetsi Masisi and his defence chief Placid Segokgo to the International Criminal Court over the killing of four fishermen in 2020, by Botswana Defence Force (BDF) members on suspicion that they were poachers.

Prime Minister Saara Kuugongelwa-Amadhila yesterday said Namibia is in the process of developing its national green hydrogen strategy. 

The Exclusive Lederwaeen Shop in Swakopmund suffered a huge loss when thieves broke into the shop and looted goods valued at about N$480 000 early yesterday morning.

The Namibia Students Financial Assistance Fund (NSFAF) has announced it will finalise the remaining tuition fee payments to students by September.

The Bank of Namibia is adamant no law prohibits keeping large amounts of cash at home or on business premises. This came to light after a Chinese national was robbed of N$1.4 million in cash six days ago in Windhoek.