Category: Finance
Economists Offer Varying Expectations on Repo Rate
By: Loise Shiimi The Bank of Namibia (BoN) is set to announce the repo rate on Thursday, coinciding with the central bank’s first Monetary Policy Dialogue of the year, themed “Steady Policy: Bringing Inflationary Pressures Under Control.” This dialogue…
GIPF Holding Millions in Unclaimed Benefits
By: Staff Writer The Government Institutions Pension Fund (GIPF) says it is currently holding millions in unclaimed benefits. While the exact amount remains undisclosed, the fund has identified unclaimed benefits belonging to 176 GIPF members. In a statement, GIPF…
Treasury Bills Attract Bids Worth N$3.5 Billion
By: Nghiinomenwa-vali Erastus The Bank of Namibia attracted a total of 133 bids valued at N$3,5 billion during its latest auction for four Treasury Bills. The bids included both new investments and rolled-over debts. In the said auction, the…
RMB Namibia Scoops International Awards
By: Staff Writer RMB Namibia has won the World’s Best Treasury and Cash Management Bank Award in Namibia for the fourth time at the prestigious Global Finance magazine Best Treasury and Cash Management Bank Awards 2024. These awards…
Nedbank Calls For Increased Support of Agriculture Sector
By: Fransina Nghidengwa Nedbank Namibia’s head of business banking, John-James Tromp, has called for increased financial support for the agriculture sector, highlighting the struggles faced by agricultural small and medium enterprises (SMEs) in accessing bank loans. Tromp emphasised…
Bond Market Update: Yield Declines in May 2024
By: Justicia Shipena Namibia’s bond market experienced a notable shift in May 2024, reversing the upward trend in fixed-rate bond yields observed in April. According to a recent report by Simonis Storm Securities, bond yields across the curve…
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…