Namibia's central bank left its benchmark repo rate at 6.75 percent and said it still expects the domestic economy to perform "slightly better in 2018 compared to 2017" despite slow activity in the first quarter.

Namibia's central bank left its benchmark repo rate at 6.75 percent and forecast that inflation would ease further and average 5.0 percent this year, down from 6.2 percent in 2017 and 6.7 percent in 2016.

Namibia's central bank cut its benchmark repo rate by 25 basis points to 6.75 percent "to support domestic economic activity" amid declining inflation and an increase in international reserves that are sufficient to sustain the currency peg between the Nambian dollar and the South African rand.

The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start exploring for diamond deposits in Namibian waters, following its official inauguration today.