Category: Finance
Treasury Bills Remain Popular, But Auction Off to a Peculiar Start
By: Nghiinomenwa-vali Erastus Fixed-income assets offered by the government continue to be the preferred choice for capital through auctions by the central bank, given the persistent budget deficit faced by the central government. However, the initial bond auction…
BoN Joins Global Coalition to Promote Climate Sustainable Economic Growth
By: Justicia Shipena The Bank of Namibia yesterday announced that it has been accepted into a coalition of central banks dedicated to promoting climate and environmental risk management in the financial industry. Governor Johannes !Gawaxab says the acceptance of…
January Financial Strain: Cash Loans See Surge in Loan Applications
By: Justicia Shipena As the New Year unfolds and individuals set their resolutions for 2024, a familiar trend emerges – the Januworry rush to micro lenders, also known as cash loans. This annual phenomenon, marked by a surge in loan…
Treasury Bills Attracts More Than Double The Needed Funds
By: Nghiinomenwa-vali Erastus In a recent Treasury Bills auction conducted by the Bank of Namibia, the government found itself flooded with investor interest, receiving N$2.8 billion in offers when it sought only N$1.3 billion. This oversubscription left an additional…
Over 8,000 Taxpayers at Risk of Missing Tax Refunds
By: Justicia Shipena Over 8,000 Namibian taxpayers face the possibility of not receiving their anticipated tax refunds due to missing bank account details in their profiles at the Namibia Revenue Agency (NamRA). NamRA recently announced its scheduled tax refund payments…
Herbalist Making a Positive Impact
By: Ludorf Iyambo Endrew Sacharia (40) is a Namibian herbalist on a mission to make a positive difference in the lives of those who have lost hope. From a young age, he honed the skill of using herbs and spices…
Banking Sector Assets Valued at N$174.6 Billion
By: Justicia Shipena The banking sector in Namibia witnessed a 1,5% increase in total assets value, reaching a staggering N$174,6 billion in the third quarter of 2023. This growth was primarily attributed to rises in cash and bank balances, short-term…
Do Not Share Your Banking PINs Or OTPs With Anyone – Banks Included
By: Johnny Truter In the past, bank robbers were brazen. They used weapons and physical intimidation to instil fear into staff, security guards and any customers who were in the branch. Their timing was considered. They would strike on the…
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments…
Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025….