Fitch Ratings has affirmed Namibia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB' respectively.

The African Development Bank Group (AfDB) and Namibia on Friday, November 8, 2013 signed a ZAR 2.9 billion (US $338 million) sovereign guaranteed loan to Nambia Ports Authority (Namport) to finance the construction of a container terminal at Walvis Bay New Port.

At its meeting held on October 22, The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 5.50 percent, to support the domestic economy.

Namibia's central bank held its repo rate steady at 5.50 percent with inflation "at tolerable levels despite the recent Namibia dollar depreciation" and growth expected to remain below the target.