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Lesotho, Namibia, and Eswatini also affected by South Africa's economic slump - TimesLIVE
The fortunes of Lesotho, Namibia, and Eswatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency against the dollar this year. The three ...
Namibia: Fuel and Falling Nam Dollar Push Up Staple Food Prices - AllAfrica.com
According to a statement, the increases, which became effective on Monday, became necessary due to various factors including the escalating fuel price due to the increase in Brent crude oil prices, weakening of the Namibian dollar against the US Dollar ...
Government debt increases by 5.8% in 2nd quarter - Namibia Economist
The central bank ascribed this increase to a rise in domestic borrowing to fund public expenditure and higher foreign debt stemming from the depreciation of the Namibian dollar. Looking at a breakdown of the government's foreign debt, Eurobond debt ...
Namib Mills prices increase again - Namibian
"Increase in fuel cost due to the increase in Brent crude oil prices, weakening of the Namibia dollar against the US dollar and an increase in fuel levies by the government resulted in the increase of business cost," said acting Namib Mills brand ...
Fuel price goes up … again - Namibian
In a statement Monday morning, minister Tom Alweendo said “the two main factors that contributed to this increase are the international prices of refined oil and the exchange rate between the Namibia dollar and the US dollar”. The Namibia dollar has ...
Goody bags for Cycle Classic participants - Namibian
WITH the support of leading local retail chain Pick n Pay Namibia, entrants for the Cycle Classic will this year receive a reusable goody bag to reflect the event's environmentally-friendly effort. In the past, it has always been a plastic-type goody ...altro »
Bank Of Namibia Will Reverse Its Monetary Policy Direction - Fitch Solutions (press release)
The BoN supports a one-to-one peg between the Namibian dollar and the South African rand, typically leading the BoN to mirror the policy direction taken by the SARB in order to maintain exchange rate parity. While the BoN didn't follow through with the ...altro »
Finance stops rail & road deals - Namibian
FINANCE minister Calle Schlettwein has asked the works ministry to suspend awarding two multibillion-dollar contracts to foreign contractors to allow Namibian companies to bid for the same contracts. The two tenders are for the upgrading of the Walvis ...altro »
From The Twittersphere - Namibian
THAT time of the week, that time of the month. When time drags and when the weight of one dollar coins exceeds their value… @Naffy101: Accounting is like walking through a haunted forest with only one clear path to safety. Make one wrong turn and veer ...altro »
Works says cannot stop railway, roads contracts - Namibian
THE postponement of awarding two multibillion-dollar rail and roads contracts to foreign contractors is hanging in the balance as the works and finance ministries have passed the buck to each other on who should be stopping it. This comes after finance ...altro »