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The Bank of Namibia (BoN) says it is awaiting the amendment and implementation of the Banking Institutions Bill which is yet to be tabled in parliament to mitigate high rates and charges by commercial banks.

Vehicle sales in Namibia experienced a slight decline in May 2023, with a total of 982 new vehicles sold, compared to 1,004 in April and 1,226 in March, latest figures show.

The Bank of Namibia’s Monetary Policy Committee raised the repo rate by 50 basis points to 7.75% on Wednesday ahead of a 25 basis points increase forecasted by analysts.

The Namibian Stock Exchange (NSX) has been admitted as a Full Member of the World Federation of Exchanges (WFE) after being an Affiliate Member for over a decade.

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has appointed Erich Gariseb as the General Manager: Insurance & Medical Aid Funds, effective from the 1st of May 2023.

Namibia has become the first Southern African country to agree to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes (UN Water Convention).

Parliamentarians in Namibia are ironing out 13 financial amendment bills set by the Financial Action Task Force (FATF) to avoid grey listing. 

Talks between Namibia and India regarding plans to source cheap fuel from the Asian country are still ongoing, The Brief can reveal.

Namibia has experienced a surge in companies delisting from its stock exchange as the wider macroeconomic environment remains dire forcing firms to pursue other capital raising options, a research firm has said.

Fruits and vegetables were the largest drivers of inflation in May with the two commodities recording an annual price increase of 22.1% and 18.5% respectively, official statistics reveal.

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