Namibia's Central Bank Orders Lenders to Provide Drought Relief to Struggling Farmers

In a significant move aimed at alleviating the impact of a devastating drought, Namibia's central bank has mandated commercial banks to extend aid to farmers coping with dire agricultural conditions. This directive comes in light of a prolonged dry spell that has severely affected the country's food production and posed a grave threat to the livelihoods of many Namibians.

Continue reading

Namibia’s Central Bank Lowers Interest Rates Amid Declining Inflation

Namibia’s central bank has made the decision to cut interest rates once again, as inflation continues to slip to its lowest level in three years. This move illustrates the bank's ongoing efforts to stimulate the economy while responding to the changing financial landscape. The central bank has reduced the prevailing interest rate by 25 basis points, bringing it down to 5.5%. This latest decrease follows a previous cut made earlier this year, indicating a clear trend in monetary policy aimed at promoting economic growth.

Continue reading