By: Josef Kefas Sheehama Even though it usually causes people to feel more nervous, it’s critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April […]
By: Josef Kefas Sheehama To enhance Namibia’s potential growth rate, reforms must be put in place for the country’s economy to continue on a sustainable path. One of the main obstacles to Namibia’s industrial development, especially for small and medium-sized businesses, has been a lack of human and financial resources. Because institutions are […]
By: Josef Kefas Sheehama In his recent State of the Nation Address (SONA) on March 14, President Nangolo Mbumba outlined a comprehensive economic implementation action plan, underscoring the government’s commitment to the Economic Recovery Plan. This plan signifies a crucial step towards restructuring the economy and charting a course for economic revitalisation. However, […]
By: Josef Kefas Sheehama Namibia urgently needs to revitalise its agricultural production systems and address the looming challenges posed by climate change and uncertainty. Agriculture continues to serve as the cornerstone for sustained economic growth, promising to provide quality livelihoods and elevate living standards for the population. Despite its paramount importance, the allocated budget […]
By: Josef Kefas Sheehama It’s crucial to remember that greylisting does not have to define Namibia’s economy, even though it frequently makes people feel more anxious. Namibia can continue engaging in Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT) and make improvements to meet Financial Action Task Force (FATF) requirements in the […]
By: Josef Kefas Sheehama The Bank of Namibia is expected to cut its Repo Rate by 0.25 basis points today, which would bring its key lending rate to 7.50% and the prime rate to 11.25%. This means, Namibia will be 75 basis points behind South Africa. The decision reflects the central bank’s ongoing […]
By: Josef Kefas Sheehama The holiday season brings a myriad of demands, both personal and professional, making effective time management crucial. As December approaches, a proactive approach to business planning becomes paramount to ensure a seamless transition into the holiday break. This article discusses key strategies for optimising business operations during the year-end rush. As […]
By: Josef Kefas Sheehama Expectations about future inflation play a crucial role in influencing current decisions on consumption and investment. Therefore, the long-term relationship between household savings and anticipated inflation is evident from the cointegration test. Despite some moderation in fuel costs, inflation remained uncomfortably rapid in Namibia, with an annual rate of 6% in […]
By: Josef Kefas Sheehama The trajectory of the Russia-Ukraine conflict and the Israel war with Hamas heightens concerns about the global economy. These shocks have created uncertainty in the global political economy, weakening the world’s ability to recover from Covid- 19. This has generated new geopolitical tensions, exposed the fragility of the international relations system, […]
By:Josef Kefas Sheehama The Ministry of Mines and Energy, last week, announced an increase in the prices of petrol and diesel, citing a combination of rising international oil prices and the depreciation of the Namibian Dollar and catastrophic flooding in Libya. Effective from 4 October 2023, the price of diesel will increase by N$2.40 per […]