Category: Finance
Bank Windhoek Appoints Saara Shivute to Executive Role
By: Staff writer Bank Windhoek has appointed seasoned banking professional, Saara Shivute, as the bank’s executive officer of sales and bancassurance, effective 1 June 2024. Shivute joined the bank in 2018 as head of specialist finance. In her new…
Stimulus Assets Portfolio Rises to N$726.4 Million
By: Justicia Shipena Stimulus Investments Limited, a Namibian private equity firm, reported that total assets under its management reached N$726.4 million as of February this year. The firm says companies that have invested in it have a total…
Govt to Borrow N$15.3 Billion This Year
By: Nghiinomenwa-vali Erastus The government wants to borrow up to N$15.3 billion from various financiers, including individuals, institutions, and others, to meet its budgetary commitments and repay maturing debts during the current financial year. This 2024/25 financing need represents…
Youth Credit Scheme Gets N$10 Million Boost in 2024
By: Annakleta Haikera The government has allocated an additional N$10 million this year to the Namibia Youth Credit Scheme, aimed at helping young entrepreneurs start their own businesses. This announcement was made by Finance Minister Iipumbu Shiimi during…
Bank Windhoek Sells N$188 Million Worth of Property in Northern Namibia
By: Dolly Menas Bank Windhoek says it sold 142 properties valued at N$188 million through estate agents in northern Namibia last year, a substantial increase from N$88 million in 2021. This achievement was announced by James Chapman, Executive Officer…
Old Mutual Launches Third Edition of OM SEED to Empower Entrepreneurs
By: Dolly Menas The Old Mutual Foundation has launched the third edition of the Old Mutual Sustainable Economic and Empowerment Drive (OM SEED), investing N$800,000 to support grassroots entrepreneurs in the Ohangwena, Zambezi, Oshikoto, and Kavango West regions….
Intercompany Loans and High Interest Drives External Borrowing
By: Nghiinomenwa-vali Erastus The surge in external borrowing by local companies, especially those in the mining companies, has been driven by their access to capital from their parent companies and to evade domestic higher interest rates. This was the…
Bank Windhoek Honors Automotive Industry Achievements in Northern Namibia
By: Dolly Menas Several northern automotive industry sales representatives received top honours at Bank Windhoek’s fourth Annual Northern Selekt Sales Awards hosted in Oshakati. Petrus Enkali of Pupkewitz Toyota Oshakati, Augustus Joseph of Pupkewitz Nissan Oshakati, and Hendrik Johannes…
Letshego’s N$260 Million Social Bond to Focus on Housing, SMEs
By: Dolly Menas Letshego Holdings Namibia has launched its first social bond on the Namibia Stock Exchange, valued at N$260 million. This bond aims to support underserved individuals, micro and small entrepreneurs, and small business owners. Additionally, the company…
Bank Windhoek Assists 137 SMEs in N$200 Million Loan Scheme
By: Dolly Menas Bank Windhoek has announced the full utilisation of the N$200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme. Bianca Janse Van Vuuren, the bank’s head of small and medium-sized enterprises…