The financial relief package announced by the Bank of Namibia to support farmers affected by the Foot-and-Mouth Disease outbreak has raised questions among informal traders in the 7de Laan settlement in Otjomuise.
The Bank of Namibia has directed banking institutions to grant borrowers affected by the ongoing foot-and-mouth disease (FMD) crisis to provide loan repayment moratoriums ranging from one to 24 months.
Bank of Namibia Governor Ebson Uanguta says the country's economic recovery faces increased pressure from foot-and-mouth disease, rising fuel costs and a widening trade deficit.
This is despite projections of economic growth of 2.1% this year.
Rising fuel prices, the threat of capital outflows, and the need to protect Namibia's international reserves have prompted the Bank of Namibia to raise its Repo rate by 25 basis points to 7%.
Critical child healthcare in Namibia has received a major boost after the Windhoek Central Hospital Paediatric ICU received monitoring equipment worth N$500,000, donated by the Bank of Namibia and First National Bank Namibia.
The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have launched a post-sponsorship programme aimed at strengthening the country's shared AI infrastructure and expanding practical use of AI.
Thirty years after Namibia's historic success at the 1996 Olympic Games, the Bank of Namibia has completed a tribute decades in the making.
With the monetary policy announcement expected tomorrow, economist Rodney !Hoaeb hopes that the central bank will have consumers in mind, as the increment of the repo rate was already choking.
Namibia's economy is expected to grow by 2.1% this year before strengthening to 2.8% in 2027.
The Bank of Namibia says the recovery will be supported by improved agricultural output, strong uranium mining and continued growth in wholesale and retail trade and construction.
The Deputy Governor of the Bank of Namibia says Namibia's payment system is as competitive as any other system found globally.
