The Bank of Namibia (BoN) has decided to increase the repo rate by 75 basis points, to 6.5%.
The central bank also warned that inflation, which is the main cause of the repo rate, will persist for a longer period of time, driven by factors beyond Namibia's control.
The Bank of Namibia has decided to increase the repo rate by 75 basis points to 6.25%
President Hage Geingob has urged the management and staff of the Bank of Namibia to guard against obstacles to economic growth, one of them being tribalism.
Dr Geingob paid a visit to the central bank on Wednesday.
Financial Technology, or FinTech, refers to new technology that is slowly creeping through and could, in the future, replace traditional financial methods.
FinTEech on Friday morning held an information session at the Bank of Namibia.
The Bank of Namibia (BoN) is warning the public to be on alert as there is an increase in "419 scams", well-known for duping unsuspecting participants of non-existent investment funds into paying a certain amount of money to fraudsters.
The Bank of Namibia (BoN) and the Namibian Police (NamPol) have, in a joint statement, cautioned members of the public to be vigilant against counterfeit banknotes.
The Bank of Namibia (BoN) has approached the High Court of Namibia seeking to liquidate Trustco Bank Namibia.
