• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Namibia Warns Trump Spat With South Africa Puts Economy at Risk

6 months ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Namibia Warns Trump Spat With South Africa Puts Economy at Risk

Namibia’s central bank chief warned that escalating tensions between the US and South Africa could destabilise its economy, citing the close ties it has with the two nations and the vulnerability of the Namibian dollar, which is pegged to the rand.

President Donald Trump in a February 7 executive order froze all US aid to South Africa over what he falsely claimed were rights violations stemming from a new land-expropriation law, and for its case in the International Court of Justice alleging Israel’s assault in the Gaza Strip was an act of genocide.

Namibia is closely watching the fallout from the dispute, Governor Johannes !Gawaxab told reporters on Wednesday in the capital Windhoek.

“Our currency is pegged to the South African rand, so any impact on the rand will directly affect us,” the governor said. “It’s too early to tell what the full implications will be, but we need to monitor the situation closely.”

!Gawaxab comments were made at a briefing to announce the central bank’s interest-rate decision.

The monetary policy committee lowered the key rate by 25 basis points to 6.75%, marking the fourth consecutive reduction, as inflation remains contained and economic growth has slowed.

RelatedPosts

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

The size of the cut was in line with South Africa’s rate reduction last month. The arid southwest African nation’s currency peg with the rand means its monetary policy often follows the South African Reserve Bank’s actions.

“The committee considered the contained nature of inflation and its projected well-contained trajectory over the medium term,” !Gawaxab said. “The decision also took into account the relatively high level of domestic real interest rates and the adequate level of foreign reserves.”

The central bank maintained its average inflation forecast at 4% for this year while revising 2026’s upwards to 4.4% due to exchange rate assumptions.

Economic growth is projected to accelerate to 4% in 2025 from 3.5% projected last year, !Gawaxab said.

International reserves rose to 65 billion Namibian dollars ($3.5 billion) by the end of January from 60.9 billion Namibian dollars in October, ensuring sufficient coverage for external obligations and currency stability, he said.

Source: bloomberg
Via: norvanreports
Tags: EconomyNamibiaNamibia Warns Trump Spat With South Africa Puts Economy at RiskTrump

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

CHAN: Morocco and Madagascar Advance to Semi-Finals, Ending Kenya and Tanzania’s Dreams

Trending

Features

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert Nigeria’s ports handle...

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.