Category: Finance
Bank Windhoek ATMs Now Accepting New Notes
Following the upgrade of local currency notes, ATMs of all local banks were unable to accept deposits of these new notes, which stifled money transfers around the country. However, this issue has partially been solved as one of the local…
Global Economy Resilient Amid Trade Disruptions – IMF
By: Mathias Hangala The global economy has shown notable resilience despite ongoing trade disruptions, according to a recent report by the International Monetary Fund (IMF). The report, however, cautions that this resilience masks underlying vulnerabilities, particularly those linked to the…
Afreximbank Ditches Fitch Ratings Agency
By: David Shoombe As African leaders find themselves caught in the crossfires of global economic tensions between BRICS alignment and the Western world, the African Export-Import Bank (Afreximbank) has officially terminated its credit rating relationship with Fitch Ratings. In its termination…
DBN Presents a Gloomy and Mixed 2024/25 Performance
By: Nghiinomenwa-vali Hangala For the financial year (FY) started in April 2024 and ended March 2025, the Development Bank of Namibia (DBN) approved N$912.7 million in funding across priority sectors, an increase compared to the previous year’s approval…
Only N$149.8 Million of the GC26 Switched on Wednesday
By: Nghiinomenwa-vali Hangala A switch auction that was held on Wednesday, mainly for investors to move their investments in the GC26, resulted in only N$149.8 million being switched to the existing long-term bonds. According to the…
PAN Warns Merchants on Card Transaction Surcharges
By: Nghiinomenwa-vali Hangala In a statement released last week, the Payment Association of Namibia (PAN) issued a warning to merchants charging additional fees on card transactions as conditions for debit and credit cards, saying it would take the…
Verify Your Microlender Before You Borrow
Consumers are urged to verify the registration status of any microlender before entering into an agreement. Verification can be done through NAMFISA, which is the regulator of non-banking institutions and registers microlenders. According to Victoria Raimond, NAMFISA spokesperson,…
Letshego and NedBank Charge the Lowest in Mobile Money
A comparison of the cost of sending via cellphone banking (USSD) channel by Bank of Namibia across the country’s seven banks has revealed that only two banks charge less than N$5 on a Basic Bank Account (BBA). Every…
Namibia’s Savings Above Half a Trillion
By: Nghiinomenwa-vali Hangala The assets of non-banking financial institutions (NBFIs) are trickling above half a trillion, reaching N$528.2 billion as of the end of the third quarter of 2025 (30 September 2025), NAMFISA revealed. These NBFIs include…
364-Day TB Attracted N$1.1 billion in Single Auction
By: Nghiinomenwa-vali Hangala Investors have submitted 32 bids worth N$1.1 billion in an attempt to invest in a 364-Day Treasury Bill (TB) during an auction on Wednesday. The auction result is shown as released by the central banks. The…