Month: February 2020

Home 2020 February
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EIB expected to increase African investment

The European Investment Bank (EIB) is expected to increase its Africa financing to €4 billion (N$65.2 billion at an exchange rate of 16.3) in 2020. Looking ahead, the EIB expects to significantly increase engagement in both sub-Saharan and North Africa and to provide the €4 billion to support public and private investment across the continent in 2020. 

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Housing market remains stable

The rental market continues to bottom-out although at a moderate pace. In effect, the FNB Rental Index as at December 2019 shows a contraction of 0.8% - reflecting a steep improvement from a contraction of 8.6% recorded over the same period in 2018. 

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Parliament explores areas of cooperation with Russia

The two presiding officers of the Namibian parliament, speaker of the National Assembly Peter Katjavivi and chairperson of the National Council Bernard Sibalatani have praised the long-standing relations between Namibia and Russia, further adding that inter-parliamentary cooperation has the potential to improve the work of the legislature.