Author: Staff Writer
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…
Africa Can Benefit From Artificial Intelligence, But Must First Develop Infrastructure
By: Staff writer Africa could reap the benefits of the fourth industrial revolution, particularly artificial intelligence (AI), but only with the right infrastructure in place. The continent currently has one of the widest digital divides. Speaking on the last…
Banking Sector Liquidity Rises to N$6.7 Billion
By: Staff writer The overall liquidity level for the banking sector in Namibia grew by N$800 million in two months after averaging N$6.7 billion in October 2024 from the N$5.9 billion recorded in September 2024. The Bank of…
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…