BANK of Namibia Governor has said mortgages that are still pegged between 13% and 15% are too high for prospective home owners and those servicing mortgages.
THE Windhoek City is enjoying phenomenal growth in the construction sector at a time when the global economic crunch is being felt in most parts of the world.
BRITISH base metals producer Weatherly International Plc is reviewing all business options, one of which is to re-open its closed Namibian mines or sell its local assets to interested bidders, the company said recently.
NAMIBIA’S automobile industry has remained afloat despite the global economic crisis that has compelled South African banks to stop giving loans to prospective car owners prompting sales to drop significantly.