Repo rate reduced to boost economic growth

NAMPA

2024-12-04

WINDHOEK, 21 October 2020 - The Governor of the Bank of Namibia, Johannes !Gawaxab. (Photo by: Esca Kamanya) NAMPA

WINDHOEK, 04 DEC (NAMPA) - The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00 per cent to stimulate domestic economic activity.
The decision was made during the sixth and final Monetary Policy Committee (MPC) meeting of 2024, held on 02 to 03 December.
BoN Governor Johannes !Gawaxab announced the decision here on Wednesday, noting that domestic economic activity strengthened in the first 20 months of 2024 compared to t...

Restricted content

Namibia economic

Business

NWA gala dinner raises N.dollars 396 800

2026-05-31 20:38:35

Iipumbu calls for vigilance in Zambezi

2026-05-30 11:53:15

Goreangab mall’s N.dollars 270 million investment brings jobs, services closer to Katutura residents

2026-05-29 18:26:33

MTC commits N.dollars 624.9 million to digital infrastructure development

2026-05-29 08:29:35

ERC eyes mining license shareholding

2026-05-27 12:19:53

Kavango West Cattle Ranch lines up N.dollars 5.8 million farm projects

2026-05-26 15:23:13

Electricity producer prices down 14 per cent annually

2026-05-26 11:12:51

MTC pledges N.dollars 110 000 towards ICT Summit

2026-05-25 17:22:58

Nkurenkuru Town Council presents development plans

2026-05-23 13:30:46

Telecom Namibia’s licence under review after network failures

2026-05-22 17:43:26

FIC launches new website to improve public access to information

2026-05-22 14:46:41

Latest NAMPA photos

WALVIS BAY, 13 April 2026 - Tourists on a cruise liner docked at Walvis Bay going through immigration inspection upon arrival into the country. (Photo by: Isabel Bento) NAMPA

NAMPA

WINDHOEK, 31 May 2026 - FC Ongos celebrating their 2025/26 FNB Women’s Super League crowning at the Independence Stadium. League defending champion Mighty Gunners stumbled on the final day of the season with Ongos reclaimed the championship following a convincing 3-0 victory over Julinho Athletics. (Photo by: Hesron Kapanga) NAMPA

NAMPA

TSJAKA, 30 May 2026 - Racehorse Pee Jay from Burger Racing won the sixth edition of the MTC Winter Cup staged at Tsjaka Ben Hur racetrack on Saturday in the Omaheke Region. (Photo: Contributed)

NAMPA

TSJAKA, 30 May 2026 - Racehorse Pee Jay from Burger Racing won the sixth edition of the MTC Winter Cup staged at Tsjaka Ben Hur racetrack on Saturday in the Omaheke Region. (Photo: Contributed)

NAMPA

WINDHOEK, 31 May 2026 - Martin ‘Alligator’ Mukungu was crowned World Boxing Organisation (WBO) Africa Junior Lightweight champion after producing a stunning round one knockout against Flame ‘Special One’ Nangolo during the AC Boxing Promotions Blockbuster Box and Dine event held in Windhoek. (Photo by: Hesron Kapanga) NAMPA

NAMPA

WINDHOEK, 31 MAY 2026 - Annual Fundraising Never Walk Alone Gala Dinner 2026, held in Windhoek. (Photo by: Molly Weyulu) NAMPA

NAMPA