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The Plight of the Destitute: Buy this Wooden Craft or Donate Cash
By: Mathias Hangala For months, a group of Angolan citizens has been residing near Kuryangava’s Stop ‘n Shop market area, sending their youngest members onto the streets of Windhoek to sell wooden crafts and household products, as well as to seek financial donations. Since The Villager’s last report on the group, their numbers have […]
EIF and NASRIA Forge Collaboration on Climate-Related Insurance Products
By: Justicia Shipena The Environmental Investment Fund of Namibia (EIF) and Namibia Special Risks Insurance Association Limited (NASRIA) formalised their partnership through a Memorandum of Cooperation (MOC). This collaborative effort is poised to drive the development and accessibility of insurance products tailored to address the challenges posed by climate change. The signing of the […]
Namibia’s Fixed Currency Presents Challenges in Tackling Inflation
By: Justicia Shipena Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, says the limited flexibility of Namibia’s fixed currency, which is tied to the South African Rand, in combating inflation. Namibia recorded an annual inflation rate of 5.4% for January 2024, slightly higher than December 2023’s 5.3% but lower than January 2023’s […]
Vehicle Sales Surge in January, Marking Eight-Year High
By: Hertha Ekandjo Vehicle sales in Namibia for the month of January have soared to their highest levels in eight years, signalling a robust start to the year for the automotive industry. According to the latest Vehicle Sale Report by Simonis Storms Security (SSS), a total of 950 new vehicles were sold last […]
MPC Announcement: Unchanged Repo Rates or a Shift in Strategy?
By: Justicia Shipena Economists anticipate that the Bank of Namibia may opt to keep the repo rate unchanged rather than implementing a cut or increase in response to the slowing inflation. Currently, the repo rate stands at 7.75%, a level that has remained unchanged since December 2023. Economist Mally Likukela believes the repo […]
Long-Term Affordability Challenges to Persist in the Housing Market
Justicia Shipena In its latest House Price Index report, the First National Bank (FNB) has signalled concerns over long-term housing affordability challenges that are expected to persist, further impacting the housing market. Additionally, the bank anticipates a modest reduction in interest rates, contributing to the overall constrained conditions in the property sector. “The […]
Stability in the Rental Market Anticipated
By: Justicia Shipena FNB Namibia has projected a relatively stable rental market, citing the moderation of inflation and the sustained peak of the repo rate at 7.75%, with a gradual cutting cycle expected to extend through 2026. The bank’s rent price index reveals that the gross rental return on residential properties for the […]
TransNamib Hunts for a Lender’s Technical Advisor
By: Hertha Ekandjo TransNamib is in the process of appointing a Lender’s Technical Advisor to facilitate the finalisation of the N$2.6 billion loan it secured from financial institutions two years ago. The state-owned rail operator secured nearly two years ago with the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa […]
Bankers’ Association Advises Public on Avoiding Repossession
By: Staff writer The financial challenges associated with an economic downturn can lead to distressing consequences, with asset repossession being one of the most concerning for consumers. In response to this, Brian Katjaerua, the CEO of the Bankers’ Association of Namibia (BAN), encourages effective communication to prevent repossession, asserting that banks are generally […]
RMB Namibia Scoops Best Foreign Exchange Bank Award
By: Joseph Jeremia RMB Namibia has scooped the prestigious Best Foreign Exchange Bank award in the country at the 24th annual Global Finance’s World’s Best Foreign Exchange Banks, part of the esteemed Gordon Platt Foreign Exchange Awards. These awards pay tribute to the late expert journalist Gordon Platt, who possessed over 40 years […]