BoN, CRAN sign MoU

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The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) will strengthen regulatory cooperation following the signing of a new Memorandum of Understanding aimed at enhancing collaboration in regulating the telecommunications and financial sectors.

BoN decreases repo rate by 25 basis points

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The Bank of Namibia has reduced the repo rate by 25 basis points from 7.5% to 7.25%. 

Commercial banks are expected to reduce their prime lending rates by the same margin, from 11.25% to 11%.