• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

Namibia could consider Rand peg review amidst oil, green hydrogen boom

by editor
February 15, 2024
in Business & Economy
71
A A
51
SHARES
12.1k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Namibia may consider reviewing its currency peg to the South African Rand if its economy booms due to oil and gas discoveries and development of the country’s green hydrogen sector, according to central bank Governor Johannes !Gawaxab.

You might also like

Women now lead over 70% of Namibian SMEs

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

!Gawaxab made the remarks following the monetary policy announcement taken to maintain the repo rate at 7.75%.

The prospect that Namibia’s economic structure could change may give renewed discussions about de-pegging from the Rand, !Gawaxab said.

“When you look at what is happening with the economic structure of the country that is changing, what if Namibia becomes a serious oil exporter? What if green hydrogen takes off and we become a large player in that space? We need to think about how we prepare ourselves as a nation in terms of the choice of our exchange regime, but at this stage, the benefits far outweigh the costs,” !Gawaxab said. 

De-pegging from the Rand at the moment would lead to a lot of volatility and hurt Namibia, he said.

“Currently, we have got a lot of volatility, the exercises and simulations we have done, we are better off currently. We are better off in the [Common Monetary Area] arrangement,” !Gawaxab said.

At independence in 1990, Namibia opted to remain in the Common Monetary Area (CMA), leaving monetary and exchange rate policies to South Africa. Meanwhile, the Monetary Policy Committee (MPC) of the central bank, in its decision to keep the repo rate unchanged at 7.75%, said the decision was guided by disinflation domestically and globally.

“The MPC noted the continued disinflation both globally and domestically. With real interest rates remaining positive, and slow credit growth, amid a fair level of international reserves, the MPC decided to maintain the repo rate at its current level. 

The policy stance will continue to safeguard the one-to-one link between the Namibia Dollar and the South African Rand and support domestic economic activity,” !Gawaxab said of the decision to maintain the repo rate at 7.75%.

author avatar
editor
See Full Bio
Tags: africa newsbank of namibiaCommon Monetary Areacurrency pegeconomyGDPJohannes !Gawaxabnamibianamibia newsoil and gasreservessouth africa
Share291Tweet182Share51
Previous Post

Bolt launches pilot ride-hailing service in Namibia

Next Post

FlyNamibia to reintroduce Windhoek-Walvis Bay flights

Recommended For You

Women now lead over 70% of Namibian SMEs

by reporter
July 8, 2025
0
Women now lead over 70% of Namibian SMEs

More than 70% of Namibia’s small and medium enterprises (SMEs) are led by women, according to First National Bank (FNB) Namibia, highlighting a shift towards more inclusive entrepreneurship...

Read moreDetails

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails
Next Post
FlyNamibia to reintroduce Windhoek-Walvis Bay flights

FlyNamibia to reintroduce Windhoek-Walvis Bay flights

Related News

Trustco wins interdict against the JSE

Trustco wins interdict against the JSE

August 8, 2022
Lepidico’s Karibib project achieves N$244m cost savings

Lepidico’s Karibib project achieves N$244m cost savings

February 27, 2024
Saving tips to get you through the festive season

Saving tips to get you through the festive season

November 30, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.