The Bill of the much-anticipated creation and implementation of the Welwitschia Sovereign Wealth Fund, that is sought to boost the country’s economic recovery and also serve as a solid foundation that can back up the country’s economy, will be tabled in parliament in 2024.

Namibia and Angola are planning to integrate their payment systems as part of efforts to improve the flow of trade between the two countries.

The rising focus on the growth of the agricultural sector in the country, has sparked an increasing need for individuals, entities, and SMEs to access instruments from lending institutions such as Agricultural Bank of Namibia to set up, upscale or re-invest in their Agribusinesses.

The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) held its first meeting for the year increased the repo rate by a further 25 basis points to 7%, in line with analysts’ forecasts.

Namibia still has a long way to go to make housing more affordable for all, Minister of Urban and Rural Development Erastus Uutoni has said.