Category: Finance
Access to Deposits Preserved Despite Trustco Bank’s Suspension
By:Justicia Shipena Despite the Bank of Namibia’s (BoN) temporary suspension of Trustco Bank, clients would retain access to their deposits. Trustco Bank’s ability to function as a financial institution was suspended with immediate effect by BoN on Friday. The suspension…
All Eyes On BoN: To Raise Or Not To Raise
By:Justicia Shipena The Bank of Namibia (BoN) Monetary Policy Committee (MPC) is expected to announce its decision on the repo rate on Wednesday as inflation has slowed. This comes amidst questions of whether the BoN will follow South Africa’s lead…
The Green Scheme Projects: Re-evaluate to Determine Best Possible Modalities in Namibia
By:Josef KefasSheehama The Namibia Agriculture Policy is the overarching policy and can serve as a base for aligning existing policies, laws, and regulations. The policy presents a framework for the design of programmes and projects that will steer the performance…
Insurance Association Introduces Agriculture/Livestock Insurance ….N$30 million budgeted
By:Hertha Ekandjo The Namibia Special Risks Insurance Association (Nasria), through its Namibia Agriculture Insurance Scheme (NAIS), will soon roll-out its agriculture climate change risk insurance solution to the agriculture sector. The risk insurance solution is a tool aimed at proactively…
Building generational wealth: Simple strategies for securing your family’s financial future
By: Laurencia Prinzonsky We all strive to give our children the best we can, and building generational wealth is one way to help them on their journey to financial well being. Generational wealth means making smart choices with our money…
Investments Into Digital Transformation Increases – BoN
By: Justicia Shipena The Bank of Namibia (BoN) this week concluded a visit to the Central Bank of Kenya (CBK), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher…
AG Completed 105 Audit Reports In The 2022/3 Financial Year
By: Justicia Shipena The Office of the Auditor-General has tabled 105 audit reports to the National Assembly for the 2021/2022 financial year. This was revealed by the Minister in the Presidency Christine //Hoebes while motivating the budget allocation of…
Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia…