AGP Executive Report
Last update: 39 minutes ago| Interest Rates: The Bank of Namibia raised its repo rate by 0.25 percentage points to 7%, citing inflation, fuel costs and the need to protect reserves and the Namibia dollar’s peg to the rand. The prime lending rate rises to 10.5%, increasing borrowing costs. Cricket: Namibia lead Ireland 2-1 in the five-match ODI series after back-to-back wins. Captain Paul Stirling is out with a broken finger, with Tim Tector called up for the final two matches. Health: Keetmanshoop District Hospital has opened a renovated emergency unit and the | Kharas Region’s first CT scanner, a N$13.7 million investment expected to cut referrals to Windhoek. Livestock: Foot-and-mouth disease cases remain contained in affected areas, with 131 cases recorded on 18 farms in | Kharas and vaccination continuing in both | Kharas and Zambezi. Diplomacy and Trade: President Netumbo Nandi-Ndaitwah is in Moscow for the Russia-Africa Summit, where Namibia is seeking trade and investment ties. |
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