MEDIA2018-07-20T07:28:59+00:00

IN THE NEWS

Global events shake African stocks while inflation remains stable

By Southern Times Correspondent   African markets have felt the wave of the different global events that occurred last week. On 15 June 2018, the US Federal Reserve hiked rates by 25bps, responding to good economic conditions and ongoing steady growth outlook in the US which saw the gold price [...]

By |2nd July 2018|Categories: In the News|0 Comments

Repo rate maintained at 6.75%

By Staff Reporter   WINDHOEK – The Bank of Namibia’s Monetary Policy Committee (MPC) has decided to leave the Repo rate unchanged at 6.75 percent. This decision was taken to safeguard the level of foreign reserves and support domestic economic growth, while maintaining the one-to-one link between the Namibian Dollar [...]

By |14th June 2018|Categories: In the News|0 Comments

Namibia holds rate, sees slightly stronger 2018 growth

        Written by Central Bank News Namibia's central bank left its benchmark repo rate at 6.75 percent and said it still expects the domestic economy to perform "slightly better in 2018 compared to 2017" despite slow activity in the first quarter. The Bank of Namibia (BON), which has [...]

By |14th June 2018|Categories: In the News|0 Comments

Repo announcement ‘no surprise’

by Denver Kisting   DANIEL Kavishe, an economist at FNB Namibia, yesterday afternoon said the decision by Bank of Namibia (BoN) to leave the repo rate unchanged at 6,75% came as no surprise.   Upon enquiry, Kavishe said: “It was widely expected.” Briefing reporters in the capital yesterday morning, BoN governor [...]

By |7th December 2017|Categories: In the News|Comments Off on Repo announcement ‘no surprise’

Interest rates to stay put – repo rate maintained at 6.75%

by Intern   The Bank of Namibia maintained the repo rate unchanged at 6.75%, Governor of the Bank, Iipumbu Shiimi said on Wednesday.   The Monetary Policy Committee took the decision following a review of global, regional and domestic economic and financial developments.   “This level is deemed appropriate to continue [...]

By |25th October 2017|Categories: In the News|Comments Off on Interest rates to stay put – repo rate maintained at 6.75%

Headline inflation sends disturbing signal of underlying inflationary pressures continuing

by Daniel Steinmann   Although one month is too short a period to determine a trend, headline inflation for September 2017 surprised on the upside rising by twenty basis points to 5.6% compared to August and July when monthly inflation, measured year on year, in both months stabilised at 5.4%. However, [...]

By |12th October 2017|Categories: In the News|Comments Off on Headline inflation sends disturbing signal of underlying inflationary pressures continuing

GOBABIS READY FOR INVESTORS

by Staff Reporter   Gobabis Deputy Mayor Cornelius Tjizoo has called on local businesspeople to consider investing in the town to uplift residents’ living standards.   Tjizoo said the town has modern communication, roads and other infrastructure that allow for smooth business activities and pose great potential for development.   [...]

By |24th August 2017|Categories: In the News|Comments Off on GOBABIS READY FOR INVESTORS

BMI FORECASTS 3% REAL GDP GROWTH, EXPECTS MORE RATE CUTS

by Daniel Steinmann For the first time since the budgetary crisis of 2016, a reputable market research firm has come out with a growth estimate which would put the Namibian economy on a solid footing for recovery.   BMI Research, a unit of the Fitch Group, said last week Friday [...]

By |21st August 2017|Categories: In the News|Comments Off on BMI FORECASTS 3% REAL GDP GROWTH, EXPECTS MORE RATE CUTS

DUNES MALL TO PROVIDE 700 PERMANENT JOBS

by Staff Reporter     Walvis Bay-Developers of the much-anticipated Dunes Mall at Walvis Bay are working around the clock to ensure that it opens on time in October.   The mall is being constructed opposite the traffic circle at the town to allow easy access for shoppers. It is being developed [...]

By |19th July 2017|Categories: In the News|Comments Off on DUNES MALL TO PROVIDE 700 PERMANENT JOBS