Nampa achieves first clean audit in ten years

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The Namibia Press Agency (Nampa) has received an unqualified audit opinion for the 2023/2024 financial year, marking its first clean audit in a decade.

Namibia pays off US$750 million Eurobond

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Namibia has repaid the country's second Eurobond, valued at US$750 million, marking the largest single debt maturity in Namibia's history. 

BoN Cuts Repo Rate to 6.5%

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The Bank of Namibia has reduced its main interest rate by 25 basis points, to 6.5%, after previously keeping its lending rate unchanged for three consecutive monetary policy meetings. 

Only 42 projects approved from 11,475 Youth Fund applications

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Out of 11,475 applications received from all 14 regions for the National Youth Development Fund (NYDF), only 42 successful projects are set to benefit from the government-backed financial rollout initiative.

Each region has three projects that will benefit from the fund.