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Third fuel increase in four months
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Third fuel increase in four months

Local fuel prices will increase for already the third time this year on Wednesday, 7 April 2021, when both petrol and diesel will go up by 50 cents a litre taking Walvis Bay pump prices of petrol to N$13.15 per litre and diesel to N$13.18 per litre.

Eurobond converted to domestic debt
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Eurobond converted to domestic debt

In a bid to minimise international currency fluctuations, government approached the Government Institutions Pension Fund (GIPF) to provide foreign currency to settle the 10-year Eurobond that matures this year.