Month: April 2023

Home 2023 April
Swapo marks 63-year milestone
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Swapo marks 63-year milestone

A small group of Namibians founded the South West Africa People’s Organisation (Swapo) on 19 April 1960 to fight for the independence of their country from colonial rule. Sixty-three years later, Swapo remains one of Africa’s most storied political parties, with a legacy of struggle and success that has inspired generations.

Banks not compelled to increase lending rate
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Banks not compelled to increase lending rate

Namibians have no choice but to keep on tightening their belts and reduce spending even more after the Bank of Namibia yesterday increased the repo rate again, this time with 25 basis points, from 7% to 7.25%. This brings the prime lending rate to 11%.