Category: Finance
401 Bids Received for N$2 Billion Borrowing Plan
By: Nghiinomenwa-vali Hangala The government managed to raise N$2 billion domestically this week, through its 14 listed bonds, instead of the outside market. This is according to the auction outcome as released by the Bank of…
FNB Cash Plus – Bringing Financial Access to the People
By: Hee-Dee Walenga In May 2019, FNB Namibia launched a service which offered various financial conveniences, in turn accentuating ease of daily transactions. All one needed was a cellphone. The product, dubbed FNB Cash Plus, made cash…
Youth Need More Time for National Fund Pilot Phase
By: David Shoombe Shaun Gariseb, a youth activist, has indicated that young people still need more time to ensure compliance with the requirements of the National Youth Fund (NYF). Speaking to Eagle FM, Gariseb has shown his appreciation to the…
Domestic Markets Filled With Capital
By: Nghiinomenwa-vali Hangala The Bank of Namibia, on behalf of the country treasury, has announced that it has changed its plan to borrow N$2 billion from outside because the domestic market is full of capital looking for growth avenues. The…
First Sustainability-Linked Bond Attracts Half a Billion
By: Nghiinomenwa-vali Hangala Bank Windhoek’s new 3-year Sustainability-Linked Bond (SLB) has attracted N$525.5 million in bid values during its auction on 19 August 2025. The auction was 1.75 times oversubscribed, Bank Windhoek revealed in a press statement last week….
Govt to Keep N$839,3 Million of GC26 Bond
By: Nghiinomenwa-vali Erastus Some of the investors in the GC26 government bond have opted to have the government keep N$839,3 million of their investments for more years. This will be done by switching to the other 10 long-term bonds that…
Cautious Optimism Placed on Youth Fund
By: Patemoshela Lukolo Business and economic leaders have expressed cautious optimism over the recently announced N$257 million National Youth Fund (NYF), describing it as a potential game-changer for youth entrepreneurship if managed effectively. Businessman Johannes Robert, a boilermaker by profession,…
Namibia Hosts 2025 Global Policy Forum, Financial Inclusion at the Forefront
By: Hee-Dee Walenga From 2-5 September, the financial world will gather in Namibia for the Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) under this year’s theme ‘Empowering Society, Enabling Growth.’ Namibia has been a member of the AFI…
Nedbank Reports 6% Rise in Headline Earnings, Exit Ecobank Stake
By: Mathias Hangala The Nedbank Group has reported a 6% increase in headline earnings for the second quarter of the financial year, bolstered by improved revenue and strategic cost control, despite ongoing market volatility. The South African banking giant…
MTC, Letshego Launch Loan Service
By: David Shoombe In accordance with the government’s goals of increased national financial inclusion, MTC – in partnership with Letshego – launched Taamba Maris, a short-term loan service targeting those unable to apply at mainstream financial institutions. …