BoN drops repo rate to 5,25%

The Monetary Policy Committee of the Bank of Namibia (BoN) has decided to drop the interest rate by 100 basis points to 5,25%. This decision was informed by weakened economic activities although the fear still remains that the impact might escalate as long as the COVID-19 outbreak continues to reign. Bank of Namibia Governor Ipumbu […]

SWAPO expels Itula

SWAPO expelled independent candidate Panduleni Itula from the party with immediate effect. At its meeting held on Thursday, the party cited that registering as an independent candidate for last November’s presidential election he embarked on an election campaign where he shared platforms with opposition parties working against the interests of the party. Adding that it […]