Chinese propose nuclear plant

April 28th, 2017
Namibia could soon go nuclear after Swakop Uranium, the owner of the ...

Education ministry delays slow EU funding

April 28th, 2017
The Namibian education sector, currently reeling under budget cuts, ...

Power blackouts feared as Public Procurement Board dilly dallies

April 28th, 2017
The delay to implement the new Public Procurement Act, as the new ...

New tender board embroiled in controversy

April 21st, 2017
The newly-established Central Procurement Board of Namibia is ...

SWAPO hawks circle around Kaura

April 21st, 2017
Kunene Regional Governor Advisor, Katuutire Kaura, has come ...

Geingob off the mark - Kazenambo

April 21st, 2017
Former Cabinet Minister and current SWAPO Party Politburo member, ...

Lawyers on the run

April 13th, 2017
The Guardian Fund, which administers deceased estates on behalf of ...

National

Angola to repatriate N$2bn to Namibia

The Bank of Namibia (BoN) says it expects the Angolan central bank to pay back in excess of N$2 billion by the end of 2017, following the cancellation of a currency conversion agreement between the neighbouring countries at the end of 2015. BoN Governor Iipumbu Shiimi said on Wednesday that almost US$300 million was still owed by the Angolan apex bank after last week’s payment of at least US$55 million.

SA’s downgrade puts pressure on Namibia

The cost of servicing Namibia’s foreign debt has jumped from N$875 million to N$916 million over the past 10 days as the weakening of the local currency pegged to the rand continues to be felt following the downgrade of South Africa to junk status by international ratings agencies. The country’s exchange rate has weakened from N$/US$13,09 during the budget speech in February to N$/US$ 13,70.

Shiimi talks about Geingob and South Africa’s junk status

As controversy continues to stalk the recent decision by the Bank of Namibia Governor, Iipumbu Shiimi (IS), regarding his handling of the SME Bank saga, the Windhoek Observer’s Sonja Smith (SS) caught up with the head of the central bank to discuss his views on the matter, including his relationship with President Hage Geingob and the impact of developments in South Africa on the domestic economy.

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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