Category: Finance
NSS Take Stock on Its Contribution to Research and Information Access
By: David Shoombe In marking its 100th anniversary the Namibia Scientific Society (NSS) said it has made progress in systematic scientific research, ensuring the availability of information and advising administrative bodies. On Friday, the institution marked its 100th anniversary, and…
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…
Circulation Concerns Raised Over New N$60 Banknote
By: Uaueza Kanguatjivi Financial analysts have raised concerns over the circulation challenges the new N$60 banknote may pose, following its launch last week. The N$60 Dr. Hage Geingob commemorative bank note was launched to honour the late Head of…
Competition Commission Concerned About Outsourcing Debt Collection
By: Justicia Shipena The Namibia Competition Commission (NaCC) has expressed concern over the practice of local authorities outsourcing debt collection. While the Commission clarified that no competition issues have been identified, it highlighted the negative implications the practice has on…
Strategies to Prevent Default for Individuals
By: Eddie King Preventing financial default is essential for maintaining long-term financial stability. Several strategies, such as budgeting, debt management and maintaining an emergency fund, can help individuals manage their finances effectively. Effective budgeting forms the foundation of good…
Swakop Uranium Workers to Acquire Shares Through Payroll Deduction
By: Nghiinomenwa-vali Erastus NAMITVEST Investment Holdings and Swakop Uranium have entered into a groundbreaking payroll deduction agreement that allows mineworkers to invest in shares, promoting the creation of generational wealth. The agreement, signed last Thursday at Husab Towers…
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…
Shiimi Raps NIDA Over Knuckles For N$3 Billion Non-Performing Assets
By: Uaueza Kanguatjivi, David Shoombe Finance Minister Iipumbu Shiimi has urged the Namibia Industrial Development Agency (NIDA) to use its N$3 billion worth of assets to drive sustainable growth. This comes after the entity reported a N$102 million loss…
Namibia’s Efforts to Exit FATF Greylist Not Over
By: Justicia Shipena Namibia’s potential failure to exit the Financial Action Task Force (FATF) greylist by the end of its current cycle in March 2025 will not mark the end of the country’s efforts, according to economist Salomo…
Namibians to Feel Pinch of Proposed 2% VAT Increase in South Africa
By: Loise Shiimi Namibian economists warn that a proposed 2% increase in South Africa’s value-added tax (VAT) could have a significant impact on Namibian consumers, as the hike contributes to rising costs of goods and inflation. South Africa’s…