Category: Finance
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…
Half a Million Individual Clients Have Bank Loans
By: Nghiinomenwa-vali Erastus Of the 706,275 economic participants who borrowed money from commercial banks by the end of last year, around 555,098 are individuals clients. Data analysed from the central bank, however, indicates that some of these individual clients…
Navigating 2025’s Financial Landscape
By: Tumelo Thudinyane In 2025, investors and savers will face a world of tempered growth, changing policy dynamics, and revolutionary market trends. As we navigate the year, understanding the economic outlook, identifying investment opportunities, and embracing resilience strategies will…
Oil Not Accounted for Economic Growth in 2025
By: Justicia Shipena Oil exploration will not contribute to Namibia’s economic growth this year, according to the Bank of Namibia (BoN). Central Governor Johannes !Gawaxab emphasised the uncertainty surrounding oil exploration, stating that while significant investments are being…
Govt Spending May Shift Due to Fishrot Legal Aid – Analyst Warns …experts say legal aid is a right for all
By: Justicia Shipena, Uaueza Kanguatjivi Government spending priorities could be impacted if legal aid is granted to the Fishrot accused, consumer analyst Salomo Iipinge has warned. He cautioned that using public funds to defend high-profile corruption suspects could…
Value Addition: Turning Mushrooms into Biscuits, Tea, and Soup
By: Mathias Hangala Value addition has been at the forefront of discussions surrounding policy and economic growth in recent years. Abner Tomas, who hails from Oniipa in the Oshikoto region, transformed his passion for farming and mushrooms into…
Namibia Expected to Cut Repo Rate
By: Justicia Shipena The Bank of Namibia (BoN) is expected to cut the by 25 basis points on today, bringing it down to 6.75%, with the prime lending rate shifting to 10.5%. In its last meeting, the Monetary…
GIPF Fights to Halt Sale of Shares in N$450 Million Trust
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) has approached the courts to prevent private equity and fund management company Myrtle Growth Capital from selling shares in the Namibia Mid-Cap Fund Trust, a fund to which GIPF…
FNB Assures Clients Scams Are Not Inside Jobs
By: Dwight Links The First National Bank Namibia (FNB) has stated that there is no evidence suggesting its employees were complicit in recent fraud and scam incidents that have made headlines. Two FNB clients recently fell victim to…
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…