The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the repo rate unchanged at 6.5%.
The Governor of the Bank of Namibia, Johannes !Gawaxab, announced this during the final Monetary Policy Announcement of the year.
Bank of Namibia Governor Johannes !Gawaxab announced he will step down by the end of December 2025, having fulfilled his mandate and leaving the central bank in a stable and sustainable position for his successor.
The Electoral Commission of Namibia has asked the Electoral Court to overturn a decision that led to the wrong allocation of a council seat in the Rundu Local Authority elections.
The ECN said a returning officer made an error when announcing the final allocation of seats.
ReconAfrica says it has made an early hydrocarbon discovery at its recently drilled well in the Kavango Regions.
Namibia will continue to prioritise the work of SADC, an institution mandated to advance regional integration.
President Netumbo Nandi-Ndaitwah reaffirmed this commitment during a courtesy visit by SADC Executive Secretary Elias Magosi at State House.
