Category: Finance
946 GIPF Beneficiaries Owing NamRA Excluded from Refunds
By: Justicia Shipena The Government Institutions Pension Fund (GIPF) says approximately 946 beneficiaries with outstanding tax obligations to the Namibia Revenue Agency (NamRA) will not receive refunds unless the revenue agency provides updated tax directives. This follows an…
BoN Enhances Tools to Monitor Non-Performing Loans
By: Staff Writer The Bank of Namibia (BoN) has introduced advanced supervisory measures to strengthen the stability and resilience of the banking sector. Guided by the Basel Core Principles, the updated Early Warning System (EWS) and Prompt Corrective…
Minister Urges Small Businesses to Expand and Capitalise on the AfCFTA
By: David Shoombe Minister of Industrialisation and Trade, Lucia Iipumbu, has called on local entrepreneurs to expand their businesses and seize opportunities within the African Continental Free Trade Area (AfCFTA). Speaking at the handover ceremony of the Equipment…
Opinion: Will You Win the Black Friday Deals?
By: João Bismarck It’s a warm November morning in Windhoek, and the streets are alive with anticipation. Some Namibians have saved diligently for the day, while others have sought assistance from financial institutions. Black Friday, the global shopping phenomenon, is…
COP29 Reaches Boiling Point in Dramatic Final Hours of Negotiations
By: Dwight Links The evening of 23 November will be remembered as one of the most tumultuous moments in climate diplomacy, as negotiations over climate financing at COP29 in Baku, Azerbaijan, descended into chaos. At the heart of the…
Opinion: AI In Namibia’s Fight Against Money Laundering: The Silent Revolution
By: Karischa Schmidt Money Laundering If those two words do not get your heart racing, you are probably not paying enough attention. As countries scramble to tighten their defences, Namibia stands at a crossroads, harnessing the power of…
TotalEnergies Crowns 2024 Startupper of the Year Winners
By: Staff writer TotalEnergies awarded the Namibian winners of the Start-upper of the Year Challenge at the Mercure Hotel in Windhoek on Wednesday evening. Young and striving entrepreneurs from 32 African countries could participate in the challenge’s fourth edition….
Blue Earth Capital N$198 Million Investment To Fuel Rhino Park Expansion Plans
By: Staff writer Global specialist investor Blue Earth Capital has committed N$198 million ($11 million) in private credit to Rhino Park Holdings, a specialist in maternity and neonatal healthcare. The funding will work to catalyse Rhino Park’s ambitious expansion…
FIC Introduces Two Governance Structures
By: Hertha Ekandjo The Financial Intelligence Centre (FIC), the primary body combating money laundering and terrorism financing in the country, has established two governance structures: the Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation (AML/CFT/CPF) Council…
Educators Urged to Prioritise Financial Education
By: Mathias Hangala Trade economist Chuma Siboleka has called on educators to offer financial education to help individuals make sound financial decisions. Siboleka emphasised the importance of financial literacy, which she noted is often overlooked until people face…