Category: Finance
Food Annual Inflation Sees Slowdown
By: Staff Writer Namibia experienced a notable slowdown in the annual inflation rate for food and nonalcoholic beverages inJanuary 2024 compared to the same period last year. The Namibia Statistics Agency in a recent report reveals that the slowdown…
Govt’s Bid to Secure N$10.6 Billion Nears Finish Line
By: Nghiinomenwa-vali Erastus Investors in 2023 were presented with a N$10.65 billion opportunity when the government announced plans to address the 2023/24 national budget deficit. With just two months remaining in the financial year, the government is seeking…
Rent Control Bill to be Delayed for Another Year
By: Hertha Ekandjo The much-anticipated Rent Control Bill will not be among the 15 bills slated to be tabled in parliament during the upcoming session. Justice minister Yvonne Dausab confirmed this in a recent statement. In her statement,…
Banking Forensic Expert’s Advice to Keep Cyber Criminals at Bay
By: Staff Writer FNB Namibia has issued a warning to online banking users, urging caution against cybercriminals amidst a surge in online shopping activities. Ingrid Katjiukua, the bank’s Forensic Manager, emphasised the importance of vigilance in light of…
Long-Term Affordability Challenges to Persist in the Housing Market
By: Justicia Shipena In its latest House Price Index report, the First National Bank (FNB) has signalled concerns over long-term housing affordability challenges that are expected to persist, further impacting the housing market. Additionally, the bank anticipates…
Stability in the Rental Market Anticipated
By: Justicia Shipena FNB Namibia has projected a relatively stable rental market, citing the moderation of inflation and the sustained peak of the repo rate at 7.75%, with a gradual cutting cycle expected to extend through 2026. The…
RMB Namibia Scoops Best Foreign Exchange Bank Award
By: Joseph Jeremia RMB Namibia has scooped the prestigious Best Foreign Exchange Bank award in the country at the 24th annual Global Finance’s World’s Best Foreign Exchange Banks, part of the esteemed Gordon Platt Foreign Exchange Awards. These awards…
Bankers’ Association Advises Public on Avoiding Repossession
Staff writer The financial challenges associated with an economic downturn can lead to distressing consequences, with asset repossession being one of the most concerning for consumers. In response to this, Brian Katjaerua, the CEO of the Bankers’ Association of…
TransNamib Hunts for a Lender’s Technical Advisor
By: Hertha Ekandjo TransNamib is in the process of appointing a Lender’s Technical Advisor to facilitate the finalisation of the N$2.6 billion loan it secured from financial institutions two years ago. The state-owned rail operator secured nearly two…
Meatco Criticised for Underselling Beef on Foreign Markets
By: Justicia Shipena Economist Salomo Hei says the practice of underslling beef on the international markets employed by the troubled Meat Corporation of Namibia (Meatco) is a detrimental business approach. The Bank of Namibia (BoN) recently disclosed that…