Future Media News, 28 Oct 28 October - 1 pm news · Namibia Future Media

28 October - 1 pm news

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The Bank of Namibia raises the repo rate to 7% as inflation climbs to 5.4%, and FMD stays confined to two areas as vaccination passes 61,000 cattle. WHO launched an Ebola vaccine trial in the DRC, Cape Town’s mayor warns on smaller-party votes ahead of South Africa’s local elections, and Netanyahu’s bloc falls short of a majority in Israel.

28 Oct 7AM English Namibia News

Repo rate: Cuts only expected in latter half of 2027

Reaction has been received on the Bank of Namibia raising the repo rate by 25 basis points to 7%. The move was expected as consumer prices rose by 0.3% in September this year, with inflation coming in at 5.4%, up from 5% in August 2026 and 3.5% in September 2025…

28 Oct 6AM 1 min

FMD still confined, no new cases in the south

The Agriculture Ministry has reported on the foot-and-mouth disease situation in the //Kharas Region, confirming no new cases in the Zambezi Region and the Karasburg veterinary district. Ministry spokesperson Romeo Muyunda has the latest.

28 Oct 6AM 1 min

Repo rate up by 0.25% to 7%

The Bank of Namibia has raised the repo rate by 25 basis points to 7%. The move was expected as consumer prices rose by 0.3% in September this year, with inflation coming in at 5.4%, up from 5% in August 2026 and 3.5% in September 2025. The central bank uses the repo…

28 Oct 5AM 1 min

Psemas mess: Schlettwein proposes biometrics

Former Finance Minister Calle Schlettwein has proposed biometric verification as a possible measure to strengthen controls within the Public Service Employees Medical Aid Scheme. The scheme faces mounting financial pressure, with annual costs of about N$3.9 billion and government seeking another N$535 million, as concerns grow over rising healthcare expenses and…

28 Oct 3AM 1 min

Repo rate will rise today - economist

The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today, with the repo rate currently at 6.75%, compared with South Africa’s 7.25%. The decision is being closely watched for its potential impact on borrowing costs, inflation and the exchange rate. Simonis Storm Securities…