The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

BoN hosts seminar on impact of COVID-19 on the Namibian economy

Contributed by NAMPA.

WINDHOEK, 23 OCT (NAMPA) - The Bank of Namibia (BoN) on Friday hosted a one-day seminar on the impact of COVID-19 under the theme 'Mapping the way to recovery' in Windhoek.
Officially opening the seminar, BoN Governor Johannes !Gawaxab said despite successive reductions of the repo rate, Private Sector Credit Extension (PSCE) remains subdued.
“The key factor underpinning weak PSCE was the contraction in credit extended to businesses because of repayments and write-offs made during the period u ...

 

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