GDP growth in the Southern African Development Community varies, leading to high unemployment. Prime Minister Saara Kuugongelwa-Amadhila discussed this at the 57th SADC Committee of Central Bank Governors meeting which... read more →
Trustco Bank CEO Quinton van Rooyen, says the Bank of Namibia’s decision to immediately suspend the bank for a period of six months prejudices Namibians. Van Rooyen filed an affidavit... read more →
By Josef Kefas Sheehama The annual inflation rate recorded for July 2023 was 4.50%, a steep decrease compared to 5.30% recorded in June 2023. Keeping the repo rate steady is particularly... read more →
By: Brian Katjaerua, CEO The Bankers Association of Namibia (BAN) has learned through media platforms of the above planned march against banks on 25 August 2023, organized under the auspices of an... read more →
Quinton van Rooyen, the chief executive of Trustco Group, has criticised the Bank of Namibia and its governor, Johannes !Gawaxab, in the wake of Trustco Bank’s suspension from operating as... read more →
The Bank of Namibia released the Economic Outlook for August 2023, forecasting a domestic economic expansion of 3.3% in 2023 and 3.0% in 2024. Concurrently, global growth is anticipated to... read more →
The Bank of Namibia has suspended the authorization of Trustco Bank Namibia to operate as a banking institution. Governor Johannes !Gawaxab says the decision to suspend the bank's licence resulted... read more →
Press Release Trustco Group Holdings, a distinguished Namibian investment entity committed to prudent financial stewardship, hereby issues a comprehensive response to the recent decision by the Bank of Namibia (BoN)... read more →
The Bank of Namibia has announced that the repo rate remains unchanged at 7,75%. The monetary policy committee has opted to maintain the benchmark interest rate over the next two... read more →
The Bank of Namibia will today announce a decision on its interest rates. The central bank's Monetary Policy Committee decided to raise the repo rate by 50 basis points to... read more →