Headlines | Namibia Economist
Oct 2, 2024 · The Staff Reporter. Central bank cuts repo rate to 7.5% to support economy and maintain currency peg. The Monetary Policy Committee (MPC) has decided to lower the Repo Rate by 0.25 percentage points... By Adolf Kaure. The Chief Executive of the Daures Green Hydrogen Village, Jerome Namaseb said that... By Adolf Kaure.
IMF adopts financing package to bolster support to low-income …
1 day ago · The statement issued by IMF Managing Director Kristalina Georgieva, reveals that the package intended to bolster the IMF’s support to low-income countries includes a framework to deploy IMF’s net income and reserves to generate about US$8 billion in additional subsidy resources for the PRGT over the next five years. This combined with other ...
Bank of Namibia cuts repo rate to 7.25% | Namibia Economist
2 days ago · The Monetary Policy Committee (MPC) of the Bank of Namibia unanimously decided to reduce the repo rate by 25 basis points to 7.25% following its fifth bi-monthly meeting of the year to determine the appropriate monetary policy for the next two months. In an announcement on Wednesday, Bank of Namibia governor, Johannes !Gawaxab said the decision ...
Economic diversification in Namibia: Past, present and the way …
Jul 18, 2023 · The unemployment rate averaged 21% from 1991 to 2021, reaching an all-time high of 24.5% in 1997 and a record low of 16.8% in 2012. But by the end of 2022, it has jumped back to 22% according to Trading Economics global macro models and analysts’ expectations. In the medium term, the Namibian unemployment rate is projected to trend around 23% ...
Unlocking Namibia’s economic growth and opportunities in 2023
In 2023, high unemployment rates are expected to persist in Namibia. According to global macro models and analysts at Trading Economics, the youth unemployment rate in Namibia is projected to be around 47.4% in 2023. This may limit the consumer spending growth in a small country like Namibia and reduce prospects for discretionary consumer ...
Namibian inflation hits 5.6% as Cost of Living crisis deepens
May 19, 2022 · Volatility in global commodity prices and ongoing supply chain disruption will continue to stoke price pressures. The result will be even higher costs for businesses, and a deep squeeze in the cost of living for households. Furthermore, it is now or never to save Namibia from this cost of living crisis and food insecurity.
Namibia gears for COP29: Ministry hosts key meeting and secures …
2 days ago · The Ministry of Environment, Forestry, and Tourism (MEFT) hosted a meeting this week to prepare for the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC), which will take place from 11 to 22 November, in Baku, Azerbaijan. The meeting brought ...
Namibia to learn from cutting-edge industrialists such as Elon Musk
Sep 30, 2024 · Namibia continues to demonstrate its commitment to green industrialization by engaging with world-leading innovators such as Elon Musk, Founder of Tesla. Recently, during a high-level meeting in New York, Namibia’s Green Hydrogen Commissioner and Economic Advisor to the President, James Mnyupe, alongside H.E Dr Nangolo Mbumba, met with Musk ...
Oil can place Namibia among top producers by 2035 - Economist
Aug 16, 2023 · The Prime Minister Hon Saara Kuugongelwa-Amadhila on Wednesday reaffirmed the government’s commitment to socioeconomic development and environmental stewardship, following the discovery of two light crude oil discoveries in Namibia in the last 18 months, namely Venus and Graff in the Orange Basin. “Statistics show that the Venus discovery ...
Financial System Remains Stable and Resilient – Central Bank
Oct 9, 2024 · The Financial System Stability Committee conducted a comprehensive assessment of the Namibian financial system’s resilience to potential risks. The committee concluded that the system remains stable, sound, and resilient, despite global and domestic challenges. Central Bank governor Johannes !Gawaxab in a statement said the financial system ...