Namibia: Businesses Should Adopt Aggressive Investment Strategies - Shiimi

26 October 2017

Windhoek — Local businesses should take advantage of the prevailing low interest rates in the domestic financial market to increase the tempo of growth in the economy. This was the advice given yesterday by the Bank of Namibia Governor, Iipumbu Shiimi, when he announced that the central bank's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.75 percent.

The repo is the rate at which commercial banks borrow money from the central bank, which in turn determines the interest rates that commercial banks charge their clients.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.