Namibia pays off US$750 million Eurobond
Breadcrumb
Namibia has repaid the country's second Eurobond, valued at US$750 million, marking the largest single debt maturity in Namibia's history.
Namibia has repaid the country's second Eurobond, valued at US$750 million, marking the largest single debt maturity in Namibia's history.
The Bank of Namibia has reduced its main interest rate by 25 basis points, to 6.5%, after previously keeping its lending rate unchanged for three consecutive monetary policy meetings.
The Bank of Namibia has condemned recent acts of currency mutilation circulating on social media.
The central bank warns of serious legal action against any person tampering with the features of the country's banknotes and new coinage series.
Despite the ongoing rise of digital payment solutions, cash remains significant – both as a payment method and as a safety net in the event of digital disruptions.
The Governor of the Bank of Namibia, Johannes !Gawaxab, remarked this at the launch of new upgraded banknotes and coins in Mariental.
The Namibian economy is projected to grow by 3.5% in 2025, a slight slowdown from the 3.7% estimated for 2024.
President Netumbo Nandi-Ndaitwah has called on the Bank of Namibia and the Ministry of Finance to release regulations ensuring that fees and charges by commercial banks serve the public interest.
President Netumbo Nandi-Ndaitwah says the upgraded banknotes and coinage series align with the recently unveiled sixth National Development Plan (NDP6).
Dr. Nandi-Ndaitwah launched the upgraded series of banknotes and coinage in circulation, a first since 1993.
The Governor of the Bank of Namibia, Johannes !Gawaxab, says inflation in the country is under control.
He told Members of Parliament that headline inflation went down in the first five months of 2025, attributed to lower costs in transport and housing.
Namibia’s financial sector has remained strong despite global economic pressures, according to the latest Financial Stability Report launched today.
The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 6.75%.