Author: Staff Writer
Bank Windhoek Finances N$600 Million Worth of Homes
By: Staff writer Bank Windhoek financed 427 homes worth about N$600 million in 2024, according to the bank’s Chief Financial Officer and Interim Specialist Finance Executive Officer, Zenaune Kamberipa. The value of financed homes is a 24% increase compared to…
FNB Schools MTB League Kicks Off With Windhoek Race
By: Staff writer The FNB Schools Mountain Bike (MTB) League kicked off on Saturday 8 March 2025 at the IJG Trails in Windhoek following three successful Coastal League events held in January and February. The league continues to focus…
A Second Chance at Life, Inspired by FNB Namibia
By: Staff writer Not too long ago, Mario Diergaardt found himself at rock bottom. He had lost all his belongings and was living on the streets of Windhoek. Due to a crippling alcohol addiction, Diergaardt would sleep on cardboard…
FirstRand CEO Urges Leaders to Continue Nujoma’s Legacy
By: Staff writer FNB employees volunteered to clean up Parliament Gardens after a memorial service in honour of late Founding President Dr. Sam Nujoma was held the previous night. During the cleanup campaign, FirstRand Namibia Chief Executive Officer Conrad Dempsey…
Slow Growth of Capricorn’s Loan Book Sparks Concerns Over Future Earnings
By: Staff writer The Capricorn Group’s slow growth of its loan book is raising doubts about its ability to maintain strong earnings, as rising costs and potential margin pressures add to the challenges. The Group’s gross loans and advances…
Repo Rate Expected to Drop Next Week
By: Staff writer The Bank of Namibia is expected to cut the repo rate when it announces its Monetary Policy Committee’s decision next week. The South African Reserve Bank (SARB) recently reduced its country’s policy rates by 25bp to…
Cancer Apple Project Raises N$38.4 Million
By: Staff Writer The Bank Windhoek Cancer Apple Project has raised a total of N$38.4 million for the Cancer Association of Namibia (CAN) since its inception in 2000. On Friday, the bank handed over N$2.5 million to CAN…
Tumas Investment Decision Delay Won’t Impact 2026 Production Start Plans
By: Staff Writer Deep Yellow has confirmed that delaying the final investment decision (FID) for its Tumas uranium project until March 2025 will not affect its plan to begin production in 2026. The decision, initially expected by the…
Namibia’s Trade Deficit Improves by N$2.2 Billion
By: Staff writer Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November. While Namibia recorded a N$5.5 trade deficit in November after exporting…
Bank of Namibia to Drive Digital Finance and Economic Growth by 2027
By: Staff Writer The Bank of Namibia has introduced its 2025-2027 Strategic Plan, aiming to spearhead digital transformation, financial inclusion, and economic diversification to modernise the nation’s financial system. This ambitious strategy seeks to establish Namibia as a…