Category: Markets
Real GDP declined by 1.1% in 2019, somewhat smaller than anticipated – expert
The local economy registered negative growth last year, but the contraction was somewhat smaller...
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Credit extended to the private sector decreases by N$264 million in February
Credit extended to the private sector decreased by N$264 million or 0.25% in February, bringing...
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Government debt auctions continue as usual – delays with bond certificates must be expected
In a note sent out on Friday morning, 27 March, the Bank of Namibia advised that the Government...
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MTC’s revenue grows to N$ 2.6 billion
Mobile telecommunications operator, MTC, this week declared revenue growth of 4.62% amounting to...
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Bank Windhoek reduces its prime and mortgage lending rates in response to Central Bank’s repo rate cut
Following the announcement made by the Bank of Namibia to decrease the repo rate by 100 basis...
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Central Bank cuts repo rate by 100 basis points to 5.25%
The Bank of Namibia has taken a crisis repo rate decision, cutting the interest rate by 1...
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GIPF will not make rushed investments amid COVID-19 – Adequate assets and risk reserves put aside
Long-term investor, the Government Institutions Pension Fund (GIPF) said it will not make any...
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Inflation rate ticks up slightly to 2.5% in February
According to the latest Consumer Price Index by the Namibia Statistics Agency, the Namibian annual...
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Namibia Breweries’ operating profit down to N$340 million
For the 6 months ended 31 December 2019, Namibia Breweries Limited’s operating profit was down by...
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Namibia’s trade decreases slightly in 2019
In 2019, Namibia’s overall trade (total of exports and imports) amounted to N$203,019 million,...
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FirstRand Namibia headline earnings increase by 13.3%
FirstRand Namibia Limited headline earnings for the six months ended 31 December 2019 increased...
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Private sector credit in January increases by N$304.6 million
Private sector credit increased by N$304.6 million or 0.3% m/m in January bringing the cumulative...
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