Page 2 - Namibia Dollar News Today

Namibias overall inflation for 2022 is now projected to average 6.1 percent, up from 5.8 percent initially projected, Governor of Bank of Namibia, the central bank, Johannes Gawaxab said Wednesday.Speaking at the monetary policy announcement in Windhoek,

This week, the Computer Misuse Bill became law in Uganda, while Nigerians risk becoming collateral damage in the government’s ongoing suit against Meta.

Bank of Namibia is looking at launching a potential Namibia Dollar CBDC into the digital payment landscape of the future.

Trustco refers to the announcement published on SENS on 29 June 2022 where the Interim Financial Statements were published for the period...

As economies start to grow again, central bankers face the tricky question of when to ease off the gas—or even tap the brakes.

Benefits of pegging N$ to Rand outweigh delinking 2021-04-30  The benefits from the current fixed one-to-one exchange rate arrangement between the Namibia Dollar and the South African Rand outweigh the costs, and delinking is not an option as it would severely negatively impact the domestic economy in various ways. Responding to the question about pegging from the Parliamentary Standing Committee on Economics and Public Administration this week, Deputy Governor of the Bank of Namibia (BoN) ...

But Pula deterioration reduced loans by 4.7% COVID-19 pandemic overwhelms group editors@thepatriot.co.bw Bank Gaborone has contributed immensely to revenues of its parent company, Capricorn Group increasing gross loans and advances by 2.3% to P4.8 billion during six months ended 31 December 2020. The group says due to a deterioration of the Botswana Pula, its loans and advances decreased by 4.7% in Namibia Dollar terms with Group, adding that the Entrepo’s book loan grew by 10.6%. Bank Gaboro...

Fuel prices to increase on Wednesday 2021-02-01  Unfavourable international exchange rates coupled with volatile global oil prices will see Namibians paying 50 cents a litre more for both petrol and diesel as of Wednesday, 3 February. This means the new fuel prices at Walvis Bay will become N$11.85 per litre for petrol and N$11.88 per litre for diesel while prices across the rest of the country will be adjusted accordingly.  The Ministry of Mines and Energy confirmed the prices increase la...