The central bank, Bank of Namibia (BoN) has said that for Namibia to build resilience from external shocks, it will require specific interventions that are most appropriate to the Namibian economy with key responses involving interventions to respond to trade distortions through economic diversification; interventions to rebuild fiscal policy buffersContinue Reading

Minister of Industrialisation and Trade, Lucia Iipumbu has said that since the 1997 SME National Policy extended through to the 2016 MSME National Policy, various support programmes have been availed by the Ministry to support the MSMEs both in the formal and informal sector. Responding to questions that had beenContinue Reading

The Bank of Namibia has declared a dividend of N$413.7 million to the State Revenue Fund, following a positive financial performance for the 2022 financial year which improved significantly compared to 2021. Favorable interest rates during 2022 and the increase in the Bank’s reserves balance contributed to the improvement inContinue Reading

Research firm, Simonis Storm has said that while the firm is aware of major housing expansion projects in various towns at the coast and the South of Namibia such as Luderitz and Oranjemund, these will take time to benefit local construction companies. In a report last week, the firm acknowledgedContinue Reading