Category: Finance
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…
‘FIMA Should Not Threaten Private Sector Pension Funds’…private sector funds irked by lack of clarity on National Pension Fund proposal
By: Justicia Shipena The Namibian Building Workers Pension Fund (NBWPF) has expressed concern about the lack of clarity regarding the Financial Institutions and Market Act (FIMA) and its potential mandatory preservation requirements of retirement assets. “The fact that we…
Angula Assumes CEO Role at Letshego
By: Staff Writer Former Chief Commercial Officer of Mobile Telecommunication Company (MTC), Melvin Angula, has officially taken on the role of CEO at Letshego Micro Financial Services Namibia. Angula, renowned for spearheading digital transformations and delivering top-notch customer…
NAMFISA Manager Joins Global Risk-Based Solvency Implementation Forum
By: Staff Writer NAMFISA’s General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been appointed to serve on the International Association of Insurance Supervisors’ (IAIS) Risk-Based Solvency Implementation Forum. The forum focuses on supporting Emerging Markets and…
Trustco Group Sets Sights on N$2.4 Billion Capital Infusion
By: Justicia Shipena Trustco Group Holdings Ltd has outlined plans to raise N$2.4 billion from shareholders, signalling its commitment to harness Namibia’s economic potential. In a media release on Tuesday, the group announced ongoing negotiations with significant investors,…
Treasury Bills Remain Popular, But Auction Off to a Peculiar Start
By: Nghiinomenwa-vali Erastus Fixed-income assets offered by the government continue to be the preferred choice for capital through auctions by the central bank, given the persistent budget deficit faced by the central government. However, the initial bond auction…
BoN Joins Global Coalition to Promote Climate Sustainable Economic Growth
By: Justicia Shipena The Bank of Namibia yesterday announced that it has been accepted into a coalition of central banks dedicated to promoting climate and environmental risk management in the financial industry. Governor Johannes !Gawaxab says the acceptance of…