Category: Business
Namibia Races To Amend Nine Laws As Deadline Looms …. to close money laundering and proliferation financing loopholes
By:Nghiinomenwa-vali Erastus To avoid grey-listing and its negative impacts, government has adopted a strategy to rectify some of its regulatory weaknesses. These are in Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation. Following the review facilitated by the…
Go On Forced Diet, And Resort To Alternative Energy Sources- Inflation Monster
By:Nghiinomenwa-vali Erastus Contrary to the central bank’s theoretical motives to contain inflation by increasing the cost of money (repo rate), the prices of goods in the domestic market have either been increasing or steady. The last time annual inflation has…
SA Load Shedding To Limit Car Sales In Nam
By:Justicia Shipena The load shedding in South Africa is said to limit vehicle sales in Namibia, a vehicle sales analysis for January 2023 has shown. Despite this, the country has seen an increase in vehicle sales for the month, making…
Innovation in finance is vital for future economic growth
By:Jerome Mutumba As the economy evolves and as new needs become apparent, it is vital that enterprise and infrastructure finance evolves as well. If not for this evolution, the economy will begin to lag, in terms of providing an enabling…
Open Banking- Customer Data Sharing Will Open March 2024
By:Nghiinomenwa-vali Erastus Come 2024, the financial sector, mostly the commercial banks will start giving access to their customers’ data with third party providers. This includes customer transaction data, uptake of financial service, averaged data of balance information and ATM locations….
Bank of Namibia Announces Promotions
By: Staff Writer Bank of Namibia has announced appointments to its management structure, primarily in the Office of the Governor, the Oshakati Branch, and the Banking Supervision Department, according to a statement issued by the bank’s spokesperson, Kazembire Zemburuka. Romeo…
British Airways Signs Codeshare With AirLink
By: Staff writer British Airways has announced a codeshare partnership with Airlink, improving connectivity between the UK, Europe, North America and more than 15 destinations in Southern Africa. With bases in Johannesburg, Cape Town, and Durban in South Africa, Airlink…
NamRa Introduces Tough Conditions For Ex-UK Second Hand Cars
By: Staff writer The Namibian Revenue Agency (NamRA) says the loss of revenue due to dishonest importers is what led to amendments to custom laws effective 1 March. The amendments mean that any second hand car transiting through Namibia can…
Trade Cannot BeAnchor For Food Security-Schlettwein…domestic production needs to be intensified
By:Nghiinomenwa-vali Erastus Various adverse developments, globally and on the continent, within food production such as record high prices for food, fertilisers, and energy, as well as supply chain channel disruption, have worsened food security. Domestically, the recurring episodes of floods…
Banks’ Frugality Depends On Economic Outlook
By:Nghiinomenwa-vali Erastus The commercial banks have loaned out N$1,6 billion to resident businesses and N$2,9 billion to households by the end of 2022 compared to December 2021. According to the December 2022 monetary and financial statistics released by the Bank…