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Written by Daniel Steinmann
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Perhaps it is a cliché to say
things will get worse before they get better, but I believe in our
case it will still prove to be true. But let me first assess the situation
here at home. Although the Bank of Namibia has stalled twice on
interest rates, we still pay 0.25% more for our debt than the average
South African. In theory it means there is room for us to slip
another rate increase but at some point we will also be forced to
increase rates.
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Written by Staff Reporters
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Global inventories for maize and wheat
are at historic lows. Of the 36 countries vulnerable to food prices,
21 are in Africa, said DBN Portfolio Manager: Research, Michael
Humavindu.
The crisis necessitates a coherent and
considered response by governments and agencies tasked with
development, he said. Multiple crises are manifesting
themselves simultaneously in property, credit, banking, food and
commodities, he added.
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Written by Chamwe Kaira
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The
re-entry into Namibia by South Africa's biggest retail bank, ABSA, is
expected to shake the local banking market currently dominated by
Standard Bank, Nedbank, FNB and Bank Windhoek, a senior treasury
official told the Economist this week. ABSA
has been granted a provisional banking licence by the Bank of
Namibia. The Economist established that the bank has already
dispatched a team into Namibia to prepare for the bank's roll out.
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Written by Staff Reporters
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This Friday 9 May is Team BEN Namibia’s
first public appearance. The team is promoting having an HIV test
during the government's National Testing Day campaign, which is being
held in cooperation with mobile voluntary counselling and testing
units from the Ministry of Health and New Start Centre. People who
come for testing at the VCT mobile units at Maerua Mall, the
Polytechnic of Namibia, UNAM, the UN Plaza, Goreangab, and Okahandja
Park can enter their name into the draw to win one of six new
bicycles. Team BEN Namibia works to raise HIV/AIDS awareness,
advocate prevention, encourage voluntary HIV/AIDS counselling and
testing, and promote healthy life style choices, especially for the
Namibian youth. “Know your HIV Status. Get fit, be focused. Do
sports, not drugs” are the messages the team members convey to the
Namibian youth.
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