TID rollout commenced

The Central North Regional Electricity Distributor (Cenored) has commenced the rollout of the TID (Tokens Identifier) project under the theme “Get Your Prepaid Metres Updated—Don’t Be Left In The Dark”.  The rollout exercise will result in 55,000 prepaid meters in the operational areas being upgraded by July 2024. If the metres are not updated, they […]

Repo rate remains unchanged

The Monetary Policy Committee of the Bank of Namibia has again decided to keep its repo rate unchanged at 7.5%. The Bank of Namibia says the decision follows a comprehensive review of global, regional, and domestic economic developments. The repo rate is the rate at which commercial banks borrow money from Namibia’s Central Bank. The […]

Local businesses encouraged to enter joint ventures

Swapo Party Secretary General, Sophia Shaningwa, has called for the government and institutions to make more use of local investors to enable money to circulate within the country. Shaningwa was speaking at a recent Swapo Party roundtable discussion at Otjiwarongo. Shaningwa encouraged locals to form joint ventures with foreign companies for the mutual benefit of […]

Social protection for informal traders

The issue of informal traders across the country was on the agenda this morning at Parliament as the Parliamentary Standing Committee on Economics and Public Administration sought to address the social protection of vendors. The Committee Chairperson, Natangwe Ithete, stated that vendors contribute to the economic growth of Namibia, but they are often treated unfairly […]