Repo rate remains at 6,7%

The repo rate remains unchanged at 6,75%. Bank of Namibia Governor Iipumbu Shiimi announced the decision on Wednesday saying that it followed a review of global, regional and domestic economies, along with financial developments. The repo rate refers to the rate at which commercial banks borrow money from the reserve bank. It is used by […]

Aupindi, Di Savino guilty of lying to ACC

SWAPO central committee member Tobie Aupindi was found guilty of providing false information to a law enforcement officer of the Anti-Corruption Commission (ACC) on Thursday. His co-accused, Italian national Antonio di Savino, was also found guilty of the same offence. The judgement was handed down by Windhoek magistrate Helena Shilemba. The prosecution alleged that Aupindi […]