Week in Review | 24 October 2020

Minister of Finance Iipumbu Shiimi Finance Minister Iipumbu Shiimi tabled the mid-term budget review of N$841,6 million in the National Assembly. The review does not constitute an additional or new budget, but it rather reallocates funds to alternative priorities...

Debt management during tough times

In August, the Bank of Namibia (BoN) cut its benchmark interest rate by another 25 Basis Points (BPS), a standard unit of measure for interest rates, to a record low of 3.75 percent, after the South African Reserve Bank’s interest rate was cut by the same margin...