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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

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…

Home Affairs awarded for excellence at Windhoek Show

Windhoek: The Ministry of Home Affairs , Immigration , Safety and Security scooped two awards for their outstanding service delivery at the 2024 Windhoek Industrial and Agricultural Show that ended on Saturday . The ministry was recognised for issuing…

MAWLR allocates money for irrigation design at Neckartal

Keetmanshoop: The Ministry of Agriculture , Water and Land Reform has allocated N . dollars 20 million during the 2024 / 2025 financial year for the design of the long – planned irrigation scheme at Neckartal Dam . This information was revealed by || …

Old Mutual launches Omaheke Gardens

Windhoek: Old Mutual Namibia recently launched the Omaheke Gardens project to address hunger among learners in Gobabis . This initiative aims to assist schools and uplift the community by creating sustainable gardens . The Omaheke Gardens project will…

NamRA urges taxpayers to report companies that do not pay tax

The Namibia Revenue Agency ( NamRA ) has urged taxpayers to report companies that do not pay tax so that they can investigate and take action against them . The request was made by NamRA facilitator , Simson Shivolo , during the Small and Medium Ente…

Mutorwa opens Maritime Week

Deputy Prime Minister and Minister of Works and Transport John Mutorwa has underscored Namibia’s emerging green hydrogen and oil industries as sectors that will rely heavily on efficient maritime and logistical systems.

Mutorwa noted that the oil an…

Namport celebrates 30 years of growth

The Namibian Ports Authority ( Namport ) celebrated its 30th anniversary , marking a significant milestone in its journey since its establishment in 1994 . During the celebratory event at Walvis Bay on Monday , Namport ‘ s Chief Executive Officer And…

Thirty-seven per cent of Namibians avoid investment risks

WINDHOEK: A significant portion of Namibians are hesitant to invest , and many who can invest avoid taking risks . This is contained in the 2023 Old Mutual Financial Services Monitor ( OMFSM ) availed to Nampa on Monday , which indicates that 37 per c…

Tax refunds will not collapse businesses: Shiimi

The Minister of Finance and Public Enterprises , Iipumbu Shiimi , has dismissed concerns among some businesses regarding the impact of the government directive on tax refunds , asserting that it will not lead to their collapse . Parliament has passed…