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 […]

NBC’s financial problems far from over – Simataa

Minister of Information and Communication Technology (MICT), Stanley Simataa says the Namibian Broadcasting Corporation’s (NBC) financial problems are far from over. Simataa was responding to a question from PDM’s Jan van Wyk, who wanted to know when normal broadcasting, including coverage of Parliament, would resume. Today’s proceedings also concluded business for Namibia’s sixth Parliament.

COVID-19 in the SADC Region

So far the SADC region has not recorded any deaths or people who have recovered. South Africa stands at 150 cases, making it the most affected country in the region, followed by the Democratic Republic of Congo with 14 cases, Seychelles and Tanzania both have six confirmed cases of COVID 19. With the latest case, […]