Category: Markets
GDP down by 2.6% in second quarter of 2019
Weak performances in the mining, agriculture, wholesale and retail sectors kept the domestic...
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Headline inflation ticks higher to 3.7% in August
Headline inflation slightly increased to 3.7% in August from 3.6 in the previous month, mainly due...
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Breweries resilience, ability to adapt to changes in the operating environment evident in latest financial post
Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group...
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Annual inflation rate for August slows to 3.7%
The annual inflation rate for August slowed from 4.4% to 3.7% and on a monthly basis from 0.2% to...
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FirstRand Namibia profits increase to N$1.086 billion despite weak economic climate
FirstRand Limited Namibia’s profit after tax increased by 2.4% to N$1.086 billion in the financial...
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Banking liquidity decreases to N$3.3 billion in July
The liquidity balances of commercial banks decreased by 26.6% to an average level of N$3.3 billion...
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Central bank reduces economic growth forecast by 2%
The Bank of Namibia this week drastically reduced its 2019 growth forecast by 2% from a positive...
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Capricorn Group profits reach N$1 billion mark for the first time
Capricorn Group recorded a milestone after its profit after tax stood at N$1 billion for the...
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Bank Windhoek reduces interest rates
In response to the announcement by the Monetary Policy Committee of the Bank of Namibia to...
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Inflation remains high in the southern parts of the country
Inflation in the southern regions of Karas, Erongo, Hardap, and Omaheke remain elevated,...
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New vehicle sales decrease by 7.5% in July
A total of 904 new vehicles were sold in Namibia for the month of July 2019, representing a 7.5%...
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Central Bank cuts repo rate to 6.50% – first time after two years
TheBank of Namibia Governor, Iipumbu Shiimi announced a repo rate cut by 25 basis points from...
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