Category: Finance
EIF and DBN Collaborate to Raise Green Funding
Nghiinomenwa-Vali Erastus The Environmental Investment Fund of Namibia (EIF) and the Development Bank of Namibia (DBN) have entered into an agreement aimed at raising green funding to strengthen climate change resilience across the country. The two entities will implement…
Namibians Have N$426.8 Billion in Savings
By: Nghiinomenwa-vali Erastus By the end of March 2024, Namibians had accumulated N$426.8 billion in retirement, medical aid, insurance, unit trusts, and asset management savings. This information was disclosed following an assessment by the Macroprudential Oversight Committee (MOC) of…
Agribank Pledges to Assist Fruit Farmers
By: Ludorf Iyambo Agribank’s northern branch has expressed readiness to assist farmers in closing Namibia’s fruit import gap. This announcement follows recent reports by the Namibian Agronomic Board (NAB) that 96% of the fruits consumed in the country are…
Law on Welwitschia Sovereign Wealth Fund to Reach Parliament Soon
By: Justicia Shipena Finance Minister Ipumbu Shiimi announced that legislation for managing the Welwitschia Sovereign Wealth Fund will soon be presented to parliament. This statement was made in response to questions from parliament member Jennifer Van den Heever regarding…
Nam/SA to Conduct N$ 4,8 Million Green Hydrogen Pipeline Feasibility Study
By: Dolly Menas Namibia and South Africa have signed a Memorandum of Understanding (MoU) to conduct a N$ 4,8 million study on the feasibility of a cross-border green hydrogen pipeline. Signed at the World Hydrogen Summit in May 2024,…
Letshego Appoints Digital Transformation Manager
By: Fransina Nghidengwa Letshego Namibia has appointed Tatenda Malunga as its new Digital Transformation and Business Support Manager. With over ten years of experience in IT consulting across sectors like government, energy, finance, state-owned enterprises, and tourism, Malunga brings extensive…
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…