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BoN announces reduction in repo rate

WINDHOEK: The Bank of Namibia (BoN) announced a 25 basis point reduction in the repo rate, from 7.75 per cent to 7.50 per cent, on Wednesday.

Making the announcement here Wednesday, BoN Governor Johannes !Gawaxab said the monetary policy stance will …

Oshakati Mayoral Development Fund boosted

OSHAKATI: Standard Bank Namibia has handed over N.dollars 50 000 to the Oshakati Mayoral Development Fund.

The fund was established in 2022 to assist families, individuals and organisations within the jurisdiction of Oshakati as part of the council’s…

Air Botswana launches new routes connecting Windhoek to Botswana

WINDHOEK: Air Connect Namibia has announced the launch of new Air Botswana flights connecting Windhoek to Maun, Kasane and Gaborone, with the latter service connecting on to Durban, South Africa.

The new routes, commencing in October 2024, mark a sig…

Namcor terminates Mulunga’s contract

WINDHOEK: The National Petroleum Corporation of Namibia (Namcor) has announced the termination of Managing Director Immanuel Mulunga’s contract of employment, effective immediately.

This decision was taken during a board meeting on Thursday during wh…

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