BoN engages media
News in short
The Bank of Namibia (BoN) on Tuesday updated senior editors from various media houses on its various operations and activities.
BON deputy governors Ebson Uanguta and Leonie Dunn highlighted, among other things, the inflation of 6% during the first eight months of 2023, compared to 6.7% in 2022.
According to Uanguta, this was mainly due to increased inflation for food and non-alcoholic beverages, housing, alcoholic beverages and tobacco.
"The bank issued the determination of policy changes in response to economic and financial stability challenges to cushion affected households and businesses,” he said.
Furthermore, the meeting provided key updates on BoN’s small- to medium-sized enterprise (SME) economic recovery loan scheme, which was re-launched in February.
To date, over N$280 million has been disbursed to 267 businesses operating in the construction, retail, manufacturing and oil and gas industries.
''These engagements are instrumental in upholding the valuable relationship the bank shares with our media stakeholders," Uanguta said.
BON deputy governors Ebson Uanguta and Leonie Dunn highlighted, among other things, the inflation of 6% during the first eight months of 2023, compared to 6.7% in 2022.
According to Uanguta, this was mainly due to increased inflation for food and non-alcoholic beverages, housing, alcoholic beverages and tobacco.
"The bank issued the determination of policy changes in response to economic and financial stability challenges to cushion affected households and businesses,” he said.
Furthermore, the meeting provided key updates on BoN’s small- to medium-sized enterprise (SME) economic recovery loan scheme, which was re-launched in February.
To date, over N$280 million has been disbursed to 267 businesses operating in the construction, retail, manufacturing and oil and gas industries.
''These engagements are instrumental in upholding the valuable relationship the bank shares with our media stakeholders," Uanguta said.
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Namibian Sun
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