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...

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Latest NAMPA photos

WINDHOEK, 11 November 2025 - The upgrade of the Windhoek-Okahandja Section 4A road to dual carriageway freeway standard has been completed at a contract value of approximately N$1 billion, creating 379 jobs, as Khomas Region’s active roads programme now spans contracts exceeding N$1.9 billion across four major projects. (Photo contributed) NAMPA

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WINDHOEK, 25 June 2026 - Khomas Governor Sam Nujoma delivering the keynote address during the Khomas Region State of The Region Address. (Photo: Edward Tenete) NAMPA

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WINDHOEK, 25 June 2026 - Khomas Governor Sam Nujoma pictured delivering the keynote address during the Khomas Region State of The Region Address. (Photo: Edward Tenete) NAMPA

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WINDHOEK, 24 June 2026 - The Deputy Minister of Industries, Mines and Energy, Graudentia Kröhne speaks during the official launch of Swakop Uranium’s 2025 Sustainability Report in Windhoek. (Photo: Edward Tenete) NAMPA

NAMPA

WINDHOEK, 23 June 2026 - The Minister of Industries, Mines and Energy, Graudentia Kröhne pictured together with the Governor of the Erongo Region, Nathalia /Goagoses and Swakop Uranium stakeholders during the launch of the company's 2025 Sustainability Report in Windhoek. (Photo: Edward Tenete) NAMPA

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WINDHOEK, 23 June 2026 - Newly elected board members of Nampa, touring the news agency's head office. (Photo by: Justina Shuumbwa) NAMPA

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