The Bank of Namibia says Namibia’s current account deficit widened to 14% of GDP from 7.7% registered in the corresponding quarter of 2021, attributed to the country’s widened merchandise trade deficit.

 Namibian women-owned company Taneta Investment, a pioneer in the production and transformation of local Marula oil into luxurious cosmetic oil, has sent its first product samples to the US market. 

The Reserve Bank’s Monetary Policy Committee (MPC) cranked up the benchmark repo rate by 75 basis points to 6.25% on Thursday to rein in consumer inflation which, prior to August, appeared to be hurtling towards 8%.

Mines and Energy Minister Tom Alweendo says the government is not against the sale of Angolan fuel in the country, but wants the trade to be regularised. 

Listed financial services group, Capricorn Group Limited, which owns Bank Windhoek, says it recorded an after-tax profit of N$1.15 billion for the year ended 30 June 2022.