Tag: Business

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Repo Rate Reduced to Boost Economic Growth.

Windhoek: The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00 percent to stimulate domestic economic activity. The decision was made during the sixth and final Monetary Policy Committee (MPC) meeting of 2024, held on 02 to 0…

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NHE Delivers 506 Houses in 2023/24 Financial Year.

Ondangwa: The National Housing Enterprise (NHE) has delivered a total of 506 houses during the 2023/24 financial year. This announcement was made by NHE Corporate Communications and Marketing Manager Mutonga Matali during a media engagement held at On…

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NHE Delivers 506 Houses in 2023/24 Financial Year.

Ondangwa: The National Housing Enterprise (NHE) has delivered a total of 506 houses during the 2023/24 financial year. This announcement was made by NHE Corporate Communications and Marketing Manager Mutonga Matali during a media engagement held at On…

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Bokwagter scores two nominations at AMAAs

Windhoek: MultiChoice Namibia ‘ s locally produced film Bokwagter has been nominated for two awards at the 2024 Africa Movie Academy Awards ( AMAA ), set for 02 November in Lagos , Nigeria . Produced in collaboration with Ndapunikwa Films , the karate…

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NamPost launches digital channels

WINDHOEK: Namibia Post Limited ( NamPost ) officially launched its MyNamPost Banking App and Internet Banking platforms , providing customers with convenient , real – time access to financial services from anywhere . In a statement issued on Friday , …

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Power outages in Lderitz frustrate business owners

Frequent disruptions to the electricity supply in L deritz are affecting the operations of businesses across the town . Local business owners have expressed concern , telling Nampa on Tuesday that power outages not only disrupt their operations , bu…

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BoN reduces repo rate to 7.25 per cent

WINDHOEK: The Bank of Namibia ( BoN ) announced a 25 basis point reduction in the repo rate , from 7 . 50 per cent to 7 . 25 per cent , on Wednesday . BoN Governor Johannes ! Gawaxab said the Monetary Policy Committee ( MPC ) took the decision during …

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Domestic financial system stable, robust: BoN

Windhoek: The Bank of Namibia ( BoN ) has stated that the country ‘ s domestic financial system is stable , sound , and robust . This comes after the Financial System Stability Committee ( FSSC ) met on 03 October 2024 , to review the resilience of Na…

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