We want to see the repo rate back to normal: NALOBA

Martin Endjala Peter Amadhila, the Vice-President of the Namibia Local Business Association (NALOBA), expressed dissatisfaction with the unchanged repo rate, stressing the need for it to return to normal to alleviate the hardships faced by many businesses. "NALOBA and the entire business community, in general, are not impressed by the recent announcement. The repo rate is already extremely high, making the business environment very tough and unaffordable. In our current dilapidated economy, every Namibian citizen wants to see the repo rate gradually decreasing until it returns to normal," he stated. Amadhila's remarks came in response to the announcement by Bank…