This week, the Bank of Namibia’s (BoN) Monetary Policy Committee (MPC) will announce changes to the repo rate with wide expectations that the rate will continue scaling up. Research experts, Simonis Storm have predicted that in the next eight weeks, the central bank will hike the rate twice with 25bpsContinue Reading
Vehicle sales in March 2023 recorded the highest number of units sold since July 2017, Simonis Storm has revealed in its monthly vehicle sales report. In July 2017, 1,280 units were sold, compared to 1,226 units in March 2023. Vehicle sales were primarily driven by the usual, with passenger andContinue Reading
Bread and cereals prices increased by 20.8 percent during March 2023 compared to 4.2 percent recorded same period of the previous year, the Namibia Statistics Agency (NSA) said last week. The growth in the annual inflation rate for this sub-category resulted mainly from increases in the price levels of Maize,Continue Reading
Lionel Coetzee, Namdeb’s Head of Strategic Projects has confirmed that as part of the carbon neutrality journey, Namdeb commenced with early investigations into a potential wind energy facility in 2020 which resulted in the successful installation of wind measurement masts to ascertain potential. Subsequently, the outcomes of this work ledContinue Reading
…public enterprise takes national tally to 15 fuel stations The National Petroleum Corporation of Namibia – NAMCOR, has announced the opening of its two latest service stations that will serve the community of Rundu with its fuel and lubricant needs. Given Rundu’s population of roughly 63 400 residents, the twoContinue Reading
Development Bank of Namibia (DBN) has launched its inaugural Sustainable Finance Framework (SFF). The Framework is aligned with the four core components of the International Capital Market Association’s (ICMA) Green Bond Principles 2021, Social Bond Principles 2021, Sustainability Bond Guidelines 2021 as well as the Loan Market Association’s (LMA) GreenContinue Reading
By Eddie King If you are in the market for a pre-owned vehicle, you must be aware of the risks involved and take steps to protect yourself from potential fraud. This is especially true when the car you are interested in may be subject to a hire purchase agreement withContinue Reading
By Celeste Nangolo As humans, we have a natural inclination to avoid failure. Failure often evokes negative emotions such as shame, embarrassment, and disappointment. Failure, on the other hand, is an unavoidable part of the human experience, and it is necessary for growth and development. Instead of being afraid ofContinue Reading
The Construction Industries Federation of Namibia (CIF) has met with a delegation of the African Development Bank (AfDB) which was in Namibia in view of the preparations for a prospective public tender for the upgrade of the railway line between Kranzberg to Tsumeb. This meeting was an important step inContinue Reading
Deep Yellow Limited has announced the start of extensive resource drilling programs at its Tumas uranium project in Namibia with the expectation from this drill program being to increase the resource base and grow the Tumas 3 project Life of Mine from the current 22.5 years to greater than 30Continue Reading
