The Namibian Stock Exchange (NSX) recently joined the stock exchanges of Botswana and Tanzania and announced their partnership with the United Nations Sustainable Stock Exchanges (SSE) initiative, which promotes the role stock exchanges can play in financing the transition to a green economy.
The Bank of Namibia (BoN) recently granted Letshego Bank Namibia Limited its permanent banking license in the country. Letshego Bank Namibia is a subisdiary of Letshego Holdings Ltd (LHL), listed on the Botswana Stock Exhange with a market capitalisation of more than N$7 billion.
Last year Namibia dropped to the sixth biggest producer of uranium in the world, down from the spot as fifth biggest player the country held from 2011 to 2014, and a far cry from the fourth position it maintained from 2008 to 2010.
Annual transport inflation in Namibia reached 3.0% in June. In May the rate stood at 1.5%, while in June 2015 it was -3.0%. In the sub-category which includes the fuel price, the annual rate for June was 2.0% compared to -0.2% the month before and -7.1% in June 2015.
A total of 8 869 new vehicles were sold in Namibia in the first six months of 2016, a drop of 19.4% compared to the same half-year in 2015. The 12-month cumulative figure was 19 110, 3 324 or 14.8% less than the same figure for 2015, according to IJG Securities.
Inflation surged to 16.5% in Nigeria in June - its highest level in more than decade - as prices of imported food and energy jumped after the government stopped propping up the currency, the National Bureau of Statistics (NBS) said.