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The Bank of Namibia on Wednesday announced the Monetary Policy Committee (MPC) decision to maintain the repo rate at 6.50%, following extensive deliberations. The central bank, in an announcement, said the decision ensures that the cost of borrowing remains steady for the time being. Consequently, commercial banks across Namibia are expected to keep their prime […]

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By Custos Civilis * Namibia is a beautiful country. Vast skies, open spaces, and landscapes that people travel across the world to experience. Yet, drive through almost any town, settlement, or roadside, and a different picture emerges: plastic bags snagged in fences, bottles rolling in the wind, food packaging on pavements, and in some cases […]

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Speaking at the joint ministerial committee meeting of the Trans-Kalahari Railway Project recently held in Swakopmund, the Minister of Works and Transport, Hon. Veikko Nekundi described it as a ‘transformation engine’ for both Namibia and Botswana. According to Nekundi, the project is being built for the people of Namibia and Botswana and not only for […]

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The German development bank KfW, acting on behalf of and for the account of Germany, has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI). KfW becomes the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organization’s capital base and its capacity to support trade and investment ac...

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The Development Bank of Namibia (DBN) on Tuesday launched its new client portal, designed to enhance and improve clients’ access to services and streamline communication. According to the bank, the launch of the client portal forms part of its five-year strategic plan, which prioritises digital transformation as a key enabler for improved service delivery, operational […]

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