Category: Finance
Inflation-Linked Bond Investors to Receive N$63,1 Million Coupon Next Month
By: Nghiinomenwa-vali Erastus Investors holding the government’s inflation-linked GI27 and GI33 bonds are set to receive their first coupon/interest payment for the year on April 15, 2024. The total interest payment amounts to N$63.1 million, which will be…
Judiciary Spends 99% of Budget Allocation
By: Hertha Ekandjo The Office of the Judiciary has utilised 99% of its allocated budget for the 2022/23 fiscal year, unlike other government Offices, ministries and Agencies that return enormous amounts back to the treasury every year. For…
Capricorn Foundation Commits N$1 Million to Towards Desert-based Economy
By: Nghiinomenwa-vali Erastus In a bid boost to the RuralRevive initiative aimed at building economic advancement and sustainable development in the Maltahöhe community, the Capricorn Foundation has pledged N$1 million towards the cause. The partnership between Capricorn Foundation…
Households Credit Growth Slows to Lowest Since 2021…corporate credit extension reaches N$46 million in January
By: Hertha Ekandjo While individuals typically turn to banks and cash loan service providers in what is often referred to as “Janu-worry” to kick-start the year, the first month of 2024 witnessed the slowest credit growth uptake by…
Increased Transaction Fees and Loan Book Expansion Drive Capricorn Group’s Profits
By: Staff Writer Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year. This marks an 18.5%…
Green Hydrogen Projects Boosted With N$19 Million Funding … green industrialisation blueprint set for Cabinet presentation in March
By: Justicia Shipena Namibia Hydrogen Fund Managers (Pty) Limited (Nam-H2), a subsidiary of the Namibia Green Hydrogen Programme (NGHP), has successfully secured just under N$19 million (equivalent to approximately US$1 million) in funding. Green Hydrogen Commissioner James Mnyupe…
Capricorn Foundation Pledges N$1.8 Million Towards Education Initiatives
By: Dolly Menas In a proactive move to drive socio-economic progress through education, the Capricorn Foundation has earmarked close to N$1.8 million for various education and training programs over the past three months. The Foundation firmly believes that…
Budget Hits N$100 Billion Milestone … cause for celebration or concern?
By: Nghiinomenwa-vali Erastus After fluctuating between N$60 billion and N$86 billion for eight years, the treasury, under the guidance of the central government, has propelled the national budget by approximately N$10 billion, reaching the significant N$100 billion mark….
FNB Partners With Namibia Development Trust for World NGO Day
By: Staff Writer FNB Namibia recently collaborated with the Namibia Development Trust (NDT) to commemorate World NGO Day 2024, honouring individuals dedicated to humanitarian causes. World NGO Day was observed on February 27 and 28, focusing on the…
Trade Union Eyes Promised Salary Hikes in 2024 Budget
By: Justicia Shipena The Trade Union Congress of Namibia (Tucna) Secretary General, Mahongora Kavihuha, is hopeful that the 2024 national budget will honour the promised salary increments for civil servants. In November last year, the Namibia Public Workers Union…