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

Okakarara CBD to be relocated this year

2026-06-15 18:29:46

MTC strengthens enterprise offering through Huawei partnership

2026-06-15 16:29:56

WayaMe unveiled as instant payments brand

2026-06-15 16:28:48

FNB Namibia, CPBN discuss procurement guarantees

2026-06-15 16:24:58

Fourth edition of oil and gas conference launched in Windhoek

2026-06-15 15:06:42

RA clarifies funds used for B1 speed humps project

2026-06-13 14:57:03

Namibia's instant payment system ready for implementation

2026-06-13 14:17:24

Sinimbo says youth-led agriculture, jobs central to Kavango West growth

2026-06-12 16:41:27

Telecom Namibia, Angola Partner on Angosat-2 Satellite Connectivity Pilot

2026-06-12 15:17:06

Livestock movement restrictions lifted in Ohangwena, Kavango West

2026-06-12 10:09:43

Kavango West communities left waiting as borehole contract dispute stalls water projects

2026-06-11 16:32:08

Latest NAMPA photos

OMATJETE, 15 June 2026 - The Namibia Traffic Information System (NaTIS) on Wheels initiative was launched at Omatjete. The initiative aims to bring essential public services directly to remote and underserved communities, reducing the burden on residents who have traditionally travelled long distances to access government services. (Photo by: Isabel Bento) NAMPA

NAMPA

WINDHOEK, 13 June 2026 - Trustco United players while in action against Gootfontein during round six of the 2026 NRU Rugby Premier League at the Trustco United Sports Ground in Olympia. (Photo by: Hesron Kapanga) NAMPA

NAMPA

OKAHANDJA, 14 June 2026 - President Netumbo Nandi-Ndaitwah attended the Ovambanderu commemoration marking 130 years since the death of Ombara Kahimemua Nguvauva, who was killed by German colonial forces at Okahandja in the Otjozondjupa Region, on Sunday. (Photo by: Hesron Kapanga) NAMPA

NAMPA

WINDHOEK, 13 June 2026 - Learners from Delta Secondary School emerged as the winners of Round One of the ExxonMobil Foundation STEM Africa Zonal Quiz 1. (Photo by: Molly Weyulu) NAMPA

NAMPA

MARIENTAL, 14 June 2026 - Hardap Swapo Party regional coordinator Riaan McNab addresses a meeting of Swapo regional and local authority councillors, who gathered in Mariental on Sunday. (Photo by: Joe-Chintha Garises) NAMPA

NAMPA