Category: Finance
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…
OM SEED Awards Ohangwena, Kavango West Entrepreneurs
By: Nghiinomenwa-vali Erastus The Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED), which recently expanded into more regions has awarded entrepreneurs in the Ohangwena and Kavango West regions. Juso Mwandingi, the founder of Keudaneko Joinery and Trading CC,…
Bridgehead Declares N$500k Dividend
By: Staff Writer Bridgehead, the business arm of the National Youth Council (NYC) of Namibia, has declared a dividend of N$500,000 to its shareholders. The majority of these funds were declared by Uukumwe Youth Empowerment Consortium (“Uukumwe”), a…
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…