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Bilateral trade between Namibia and Brazil declines

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Bilateral trade between Namibia and Brazil has declined, highlighting the urgent need to boost trade and investment activity.

Over the past five years, Namibia's exports to Brazil have decreased by 11% annually.

BUSINESS TODAY | Inflation slows down to an average of 4.8%

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Inflation has slowed to an average of 4.8% during the first seven months of 2024, down from 6.2% in the same period last year.

This has enhanced consumers's purchasing power and contributed to more stable prices.

Judge Moses Chinhengo dismisses Fishrot motion on legal advice

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High Court Judge Moses Chinhengo has dismissed two motions from the Fishrot accused, Sacky Shanghala, James Hatuikulipi, and Pius Mwatelulo, who sought legal advice from the court on how to proceed with the case. 

Judge Chinhengo clarified that the court can only offer directions and not legal advice. 

BoN reduces repo rate to 7.50%

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The Bank of Namibia has reduced the repo rate by 25 basis points from 7.75% to 7.50%.

The central bank's decision aims to strengthen domestic economic activity and maintain the stability of the Namibia Dollar's peg to the South African Rand, supported by sufficient international reserves.

Youth involvement in political activities minimal

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Young people seem to be disengaging from politics. These are the findings of researcher Christie Keulder, who says youth involvement in political activities beyond voting continues to be minimal.

Only 40% of youths aged between 18 and 25 voted in the 2019 elections. 

UN to Convene Summit of the Future

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The United Nations is set to convene the Summit of the Future, a high-level event bringing world leaders together to forge a more appropriate consensus on global cooperation.