Why Namibia has reduced Repo Rate & how you benefit from it

Story Highlights: Low food inflation AfDB’s N$3 billion rescue The Angolan N$5 billion plan WINDHOEK—The Monetary Policy Committee (MPC) of the Bank of Namibia has cut the Repo rate by 25 basis points to 6.75 percent, with effect from today, August 16, 2017. Deputy Central Bank Governor Ebson Uanguta says the Bank of Namibia (BON) was mindful of the lower inflation rate realized, and projected for the Namibian economy, the strong fiscal consolidation drive as…

"Why Namibia has reduced Repo Rate & how you benefit from it"

BREAKING: Grace Mugabe still in SA – as Bob comes to the rescue

Sources in Harare close to the Mugabe family said the Zimbabwean president and his South African counterpart Jacob Zuma have been in contact over the embarrassing saga which threatens to complicate relations between the two countries. Picture: Philimon Bulawayo/Reuters Johannesburg – Zimbabwean President Robert Mugabe is travelling to South Africa today to attend the 37th summit of the Southern African Development Community (SADC), giving him the opportunity to come to the rescue of his embattled…

"BREAKING: Grace Mugabe still in SA – as Bob comes to the rescue"

Esau suspends controversial fishing permit fees

WINDHOEK—Minister of Fisheries and Marine Resources, Bernard Esau, has announced that notice 158 regulating recreational fishing permit fees has been recalled for the time being. “As a Minister, I want to see democracy take place. A new pricing structure for fees will be formed only after a process of consultation with all stake holders.” Esau said he signed the document before travelling to Walvis Bay to launch the Namibia Fish Consumption Trust Annual Fish Consumption…

"Esau suspends controversial fishing permit fees"

Swapo Party Congress’ N$32m stuck in SME Bank

Story Highlights  Ministry of Mines Energy Fund can’t get N$400m Dilemma for Mungunda as bank paying 65cents/dollar of SSC’s N$150m Monitronics students’ N$500k NSFAF money also gone WINDHOEK—Swapo owned Kalahari Holdings faces a huge dilemma over the funding of this year’s November elective congress after the company failed to retrieve its N$32 million before the closure of the SME Bank earlier this month. Oshili24 has it on record that Kalahari Holdings which usually bank-rolls Swapo…

"Swapo Party Congress’ N$32m stuck in SME Bank"

Frank Fredericks loses mom

Riekie Fredericks, the mother of celebrated Namibian sprinter and Olympian, Frankie Fredericks, this morning suffered a cardiac arrest and passed away at the Roman Catholic hospital in Windhoek. She was 77. Mourners are gathered at 50 Pasteur Street. Riekie is credited for raising Frankie as a single mother in Khomasdal as he took the world by storm. Raising perhaps Namibia’s most iconic sportsperson, Ricky herself was a prolific tennis player during her hey days and…

"Frank Fredericks loses mom"

President informed of rising Caprivi secessionist threats

WINDHOEK-President Hage Geingob was yesterday briefed of imminent threats to the country’s peace and stability in the Zambezi region by governor Lawrence Sampofu, who advised the Head of State to ban a group called the Caprivi Concerned Group and its flagship the United Democratic Party. Said Sampofu “Their threat to cut off the Zambezi region from the rest of Namibia is increasing. They are inspired by Misheck Muyongo. Recently the Caprivi Concerned Group told the…

"President informed of rising Caprivi secessionist threats"

Bank Windhoek deals vindicate Hage’s NEEEF as Brandt retires N$1.3b richer

WINDHOEK—As Namibia continues ruminating on the possible impact of the New Equitable Economic Empowerment Framework (NEEF) to the already volatile economy, President Hage Geingob’s narrative of addressing economic inequality could be vindicated by the retirement of Capricorn Group chairman Koos Brandt. Predictably, Namibia particularly white-dominated media went hysterical in celebrating Government Institutions Pension Fund (GIPF) becoming a major stakeholder of the Bank Windhoek holding company, Capricorn Investment Group in an over N$2b deal. Of course, two…

"Bank Windhoek deals vindicate Hage’s NEEEF as Brandt retires N$1.3b richer"

Ndilimani stars in ICU after deadly car crash

WINDHOEK—Two top Ndilimani Cultural Troupe front-men are fighting for their lives at Lady Pohamba hospital after a tyre-burst on a curve causing a deadly accident on their way to Opuwo on Tuesday, this week. The accident claimed the life of Ndilimani business partner (name withheld) who was also travelling with the duo of Castro and Matangara in a brand-new Toyota twin-cab owned by band leader Jessy Nombanza. Nombanza was not in the car. Castro Lileni…

"Ndilimani stars in ICU after deadly car crash"

Repo Rate maintained @ 7% as Nam records N$24b in international reserves

  WINDHOEK—The Monetary Policy Committee (MPC) of the Bank of Namibia kept the Repo rate unchanged at 7 percent following a review of global, regional and domestic economic and financial developments. In its monetary policy announcement today, the Central Bank says this rate remains appropriate to maintain the one-to­ one link between the Namibia Dollar and the South African Rand, without compromising growth. This as global economy is projected to improve slightly in 2017, compared…

"Repo Rate maintained @ 7% as Nam records N$24b in international reserves"

Ya Toivo Memorial at Oluno

WINDHOEK- The remains of late Namibian liberation icon and African freedom fighter Andimba Toivo Ya Toivo will be transported to the North for a memorial service. A memorial service will be held at Andimba Toivo ya Toivo Secondary School, at Oluno, in Ondangwa on Friday 16 June 2017. The second memorial service for the struggle icon will be held on Friday 23 June in the capital, before burial at the Heroes Acre. Share on: WhatsApp

"Ya Toivo Memorial at Oluno"