{
NAM

Country

}
Namibia Cuts Key Interest Rate to Record Low Amid Stable Inflation
Namibia's central bank has reduced its key interest rate for the third consecutive time, cutting it by 25 basis points to 7%, the lowest level in over a year. Governor Johannes !Gawaxab announced the decision in Windhoek, emphasizing the move aims to bolster economic growth while inflation remains stable.
bloomberg.com
Namibia’s central bank NAM Johannes ǃGawaxab
Finance & Economy, News Article
10:12 04.12.2024
Namibia's green bond plans delayed by EU initiative setbacks
Namibia's plans to issue green bonds for renewable energy and hydrogen projects are facing delays due to setbacks with a European Union initiative aimed at assisting developing markets. Finance Minister Iipumbu Shiimi noted that while the Environmental Investment Fund has been proactive, the timeline for the country's sovereign green bond issuance remains uncertain.
bloomberg.com
Euro European Union NAM Iipumbu Shiimi Show more
Finance & Economy, News Article
17:33 27.11.2024
Namibia seeks oil and gas investments amid global decarbonization efforts
At COP29, Namibia is actively seeking oil and gas investments, promoting its potential to double GDP by 2040 through exploration in four basins and partnerships with companies like BW Energy. However, experts caution that reliance on fossil fuels may lead to economic pitfalls similar to those faced by Nigeria and Angola, risking environmental degradation and stranded assets as the world shifts towards clean energy.
Climate Home News
Namibian Dollar TotalEnergies SE Galp Energia, SGPS, S.A. Shell QatarEnergy NAM Mohamed Adow Ina Maria Shikongo Lucia Iipumbu Vance Culbert Harsen Nyambe Show more
Finance & Economy, News Article
17:33 22.11.2024
ASX 200 declines as Chinese stimulus falls short of expectations
The ASX 200 fell 22 points (-0.27%) to 8243, marking a second consecutive day of losses amid disappointing Chinese stimulus and concerns over potential tariffs from Donald Trump. Despite this, Australian consumer and business confidence indexes showed significant gains, with the Westpac-Melbourne Institute consumer sentiment index rising 5.3% to 94.6, its highest in two and a half months. Mining stocks, particularly uranium miners like Paladin Energy, faced steep declines, while consumer-facing stocks like Cettire and Temple & Webster saw gains. The banking sector showed mixed results, with ANZ up 1.43% while NAB fell 3.33% after going ex-dividend.
IG
Australian Dollar United States Dollar Macquarie Group Limited ANZ Asia Ltd. CBA A320 Aircraft NO1 PTY Ltd. Rio Tinto BHP Group Limited National Australia Bank (NAB) South32 Limited CHN AUS NAM Show more
TradFi, Market Report
06:45 12.11.2024
kelp blue to launch africa's first corporate blue bond for kelp expansion
Kelp Blue is set to issue Africa's first corporate blue bond next year to support the expansion of its giant kelp forests along Namibia's coast. The De Beers-backed startup plans to list an initial $20 million tranche as part of a four-year program aiming to raise up to 3 billion Namibian dollars ($173 million) on the local stock exchange in 2025.
bloomberg.com
Namibian Dollar De Beers NAM
Finance & Economy, Press Release
15:49 07.11.2024
namibia central bank implements drought relief measures for farmers
Namibia's central bank has implemented a policy to support the drought-affected farming sector, effective October 23. This initiative requires lenders to provide loan restructuring, debt moratoriums, and emergency funding with preferential terms, aimed at alleviating financial pressures and stabilizing agriculture.
bloomberg.com
Bank OF Namibia BANK NAM
Finance & Economy, Press Release
16:12 28.10.2024
global income inequality persists with high levels in many countries
The World Bank's report highlights the significant global issue of income inequality, emphasizing its detrimental effects on sustainable development, poverty reduction, and social cohesion. With 49 countries exhibiting a Gini index above 40, high inequality is particularly prevalent in Latin America, the Caribbean, and sub-Saharan Africa, while Northern and Eastern Europe show the lowest levels. The majority of the global population resides in economies with moderate inequality, underscoring the urgent need for policies that address these disparities.
Statista Daily Data
United States Dollar International Bank For Reconstruction And Development - World Bank Trust Funds COL SVK NAM ZAF NLD ISL FRA BLR CZE BRA SVN Show more
Finance & Economy, Market Report
20:11 16.10.2024
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