Local borrowing by Letshego Holdings (Namibia) increased to N$ 3.1 billion in the year ended 31 December 2023 as the company undertook to finance growth and decrease reliance on parent funding. The company said in its financial results that it has been progressively implementing its digitalisation strategy in line with our ambition to grow market...
September 20, 2024
Tag: borrowing
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Cost of borrowing remains as is
The Bank of Namibia has decided to keep the interest rate on loans unchanged until the end of the year to support the currency peg. Making the announcement on Wednesday, central bank governor Johannes !Gawaxab said the repo rate will remain as is to support domestic economic activity. “The repo rate will remain at 7,75%...
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Kelvin Kiptum: From borrowing shoes to breaking world records
When Kelvin Kiptum lined up for his first major local competition in 2018, Kenya’s new marathon icon did it in borrowed running shoes because he could not afford a pair of his own. At this month’s Chicago marathon, as he set an awe-inspiring world record of two hours and 35 seconds, times really were changing...