Photo Caption: Standard Bank’s Enterprise Direct Manager, Felicia Jooste, has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60% for qualifying SMEs. Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of [...]
THE NAMIBIAN ECONOMY IS EXPECTED TO GROW BY 2.7 PERCENT IN 2021 1. Introduction The Bank of Namibia released the Economic Outlook update for February 2021 with the domestic economy expected to recover to a growth rate of 2.7 percent in 2021, from a deep contraction of 7.3 percent [...]
PRESS RELEASE: 11 February 2021, Windhoek BANK OF NAMIBIA RALLIES DOMESTIC ECONOMIC PLAYERS TO SUPPORT ECONOMIC RECOVERY In line with its mandatory obligation to provide sound advice that informs robust and agile policy making, the Bank of Namibia on Thursday, 11 February 2021, hosted an economic roundtable with Chairpersons [...]
The MVA Fund reminds drivers to do a 60-second check on their vehicle tyres as part of journey preparedness during the upcoming Festive Season. This call was made at the tyre-safety activation held on Wednesday, 4 November 2020 at Kapps Farm Roadblock in Windhoek. The activation held with Namibian Police, Private Road Safety Forum [...]
PRESS RELEASE: 21 January 2021, Windhoek BANK OF NAMIBIA DONATES TOWARDS THE FIGHT AGAINST COVID-19 In solidarity with the Namibian nation fighting the second wave of the COVID-19 pandemic, the Bank of Namibia has donated medical equipment of about N$3 Million worth to the Ministry of Health and Social [...]
PRESS RELEASE: 18 December 2020, Windhoek DOMESTIC ECONOMIC ACTIVITY REMAINED WEAK DURING THE THIRD QUARTER OF 2020 International economic and financial developments: The GDP data showed a notable rebound for major economies in the third quarter of 2020 compared to the previous quarter. Following the lockdown-induced [...]
According to the IMF’s World Economic Outlook (WEO) Update for June 2020, the global economy is set to experience a deep downturn in 2020 before recovering gradually in 2021.
Photo Caption: Cornelis Beuke, NTA Caretaker Chief Executive Officer
PRESS RELEASE: Thursday, 17 September 2020 Windhoek Good morning, Firstly, I would like to thank you all for joining this media conference, organised to mark the first 100 days in office of the 6th Governor. The platform is created to allow me an opportunity to share the [...]
