Moody's Investors Service ("Moody's") has today downgraded the long-term issuer and senior unsecured ratings of the Government of Namibia to Ba2 and changed the outlook to stable.

Namibia's central bank lowered its benchmark repo rate by 25 basis points to 6.50 percent, saying economic growth, inflation and growth in credit to individuals slowed during the first six months and "key risks to the global outlook remain, amongst others, escalating trade and geopolitical tensions and higher policy uncertainty across many countries, including Brexit."

Bank Windhoek, a wholly Namibian-owned commercial bank, reached a milestone on Wednesday, 5 December 2018 when it announced the successful issuance of Namibia’s first Green Bond. This achievement positions Bank Windhoek as the first commercial Bank to issue a Green Bond not only domestically but across the Southern African region.

Fitch Ratings-Hong Kong-13 August 2018: Fitch Ratings has affirmed Namibia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.