Category: Finance
Financial Intelligence Team Up With EU To Address Greylisting
By: Hertha Ekandjo In response to Namibia’s recent placement on the Financial Action Task Force (FATF) ‘greylist’, the European Union has commenced a specialised training initiative aimed at strengthening the country’s capabilities in combating money laundering, terrorist financing, and…
GC24 Investors Lend Back N$287.1 Million to Government
By: Nghiinomenwa-vali Erastus A recent switch auction for the GC24 bond has led to investors opting to lend back N$287.1 million to the Namibian government, according to auction results compiled by the Bank of Namibia. The government had…
Namibia to Honour Eurobond Debt
By: Justicia Shipena The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, announced that Namibia has implemented measures to fulfill its Eurobond obligations. This statement was made during his meeting with representatives from the London Stock Exchange on…
Inefficiency Creates 39% Public Investment Gap
By: Nghiinomenwa-vali Erastus A large portion of public investment in Africa is lost to inefficiency, creating an investment efficiency gap of 39%, which is higher than Europe (17%) and Asia (29%). This is according to an analysis by the…
OM SEED Awards Ohangwena, Kavango West Entrepreneurs
By: Nghiinomenwa-vali Erastus The Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED), which recently expanded into more regions has awarded entrepreneurs in the Ohangwena and Kavango West regions. Juso Mwandingi, the founder of Keudaneko Joinery and Trading CC,…
Bridgehead Declares N$500k Dividend
By: Staff Writer Bridgehead, the business arm of the National Youth Council (NYC) of Namibia, has declared a dividend of N$500,000 to its shareholders. The majority of these funds were declared by Uukumwe Youth Empowerment Consortium (“Uukumwe”), a…
Economists Offer Varying Expectations on Repo Rate
By: Loise Shiimi The Bank of Namibia (BoN) is set to announce the repo rate on Thursday, coinciding with the central bank’s first Monetary Policy Dialogue of the year, themed “Steady Policy: Bringing Inflationary Pressures Under Control.” This dialogue…
GIPF Holding Millions in Unclaimed Benefits
By: Staff Writer The Government Institutions Pension Fund (GIPF) says it is currently holding millions in unclaimed benefits. While the exact amount remains undisclosed, the fund has identified unclaimed benefits belonging to 176 GIPF members. In a statement, GIPF…
Treasury Bills Attract Bids Worth N$3.5 Billion
By: Nghiinomenwa-vali Erastus The Bank of Namibia attracted a total of 133 bids valued at N$3,5 billion during its latest auction for four Treasury Bills. The bids included both new investments and rolled-over debts. In the said auction, the…
RMB Namibia Scoops International Awards
By: Staff Writer RMB Namibia has won the World’s Best Treasury and Cash Management Bank Award in Namibia for the fourth time at the prestigious Global Finance magazine Best Treasury and Cash Management Bank Awards 2024. These awards…