BUSINESS TODAY | Inadequate railway infrastructure for fuel demand supply

Breadcrumb

Namibia's current railway infrastructure is inadequate for its fuel demand supply chains. 

This has resulted in minimal volumes being transported by rail in the country.

Namibia's reliance on rail for fuel transportation has dramatically declined from 70% a decade ago to just 14% today. 

LPM activities at UNAM campus create commotion

Breadcrumb

Chaos erupted today at the University of Namibia's (UNAM) main campus when members of the Landless People's Movement (LPM) attempted to distribute flyers, which is currently not allowed by the institution.

Bilateral trade between Namibia and Brazil declines

Breadcrumb

Bilateral trade between Namibia and Brazil has declined, highlighting the urgent need to boost trade and investment activity.

Over the past five years, Namibia's exports to Brazil have decreased by 11% annually.

BUSINESS TODAY | Inflation slows down to an average of 4.8%

Breadcrumb

Inflation has slowed to an average of 4.8% during the first seven months of 2024, down from 6.2% in the same period last year.

This has enhanced consumers's purchasing power and contributed to more stable prices.

Judge Moses Chinhengo dismisses Fishrot motion on legal advice

Breadcrumb

High Court Judge Moses Chinhengo has dismissed two motions from the Fishrot accused, Sacky Shanghala, James Hatuikulipi, and Pius Mwatelulo, who sought legal advice from the court on how to proceed with the case. 

Judge Chinhengo clarified that the court can only offer directions and not legal advice. 

BoN reduces repo rate to 7.50%

Breadcrumb

The Bank of Namibia has reduced the repo rate by 25 basis points from 7.75% to 7.50%.

The central bank's decision aims to strengthen domestic economic activity and maintain the stability of the Namibia Dollar's peg to the South African Rand, supported by sufficient international reserves.