By: Staff writer
The overall liquidity level for the banking sector in Namibia grew by N$800 million in two months after averaging N$6.7 billion in October 2024 from the N$5.9 billion recorded in September 2024.
The Bank of Namibia attributed the rise in market cash balances primarily to cash inflows from coupon payments, diamond sales, and the GC24 redemption.
Meanwhile, the yearly growth in private sector credit increased to 3.4% in October 2024, from 3.0% recorded in September 2024, driven by a higher uptake of credit by businesses, while credit to households slowed.
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