Category: Finance
Why Afreximbank’s Break with Fitch Exposes a Deeper Rift
Dr. Macharia Kihuro In a recent public statement, the African Export-Import Bank (Afreximbank) announced it would terminate its credit rating relationship with Fitch Ratings. The rationale for this decision was particularly striking. The bank attributed the move to…
25 Feb, Last Ditch to Switch GC26 N$1.9 Billion Debt
By: Nghiinomenwa-vali Hangala The government will hold the last switch auction for the GC26 bond in an attempt to convince investors to keep their money with the government by switching to other bonds. According to the domestic…
N$92 Billion of GIPF Pension Savings Invested Locally
By: Loise Shiimi The Government Institutions Pension Fund (GIPF) has committed N$17.2 billion of the pension savings it has collected from public employees to local investment between 2020 and 2025. Of this total commitment, N$12.8 billion has…
Govt Borrowed Over N$8 Billion From Domestic Market in Past 7 Months
By: Nghiinomenwa-vali Hangala The government has cumulatively borrowed a total of N$149.0 billion from domestic lenders/investors as at the end of January 2026, the Bank of Namibia’s domestic debt updates show. This represents an increase of more…
Bank Windhoek ATMs Now Accepting New Notes
Following the upgrade of local currency notes, ATMs of all local banks were unable to accept deposits of these new notes, which stifled money transfers around the country. However, this issue has partially been solved as one of the local…
Global Economy Resilient Amid Trade Disruptions – IMF
By: Mathias Hangala The global economy has shown notable resilience despite ongoing trade disruptions, according to a recent report by the International Monetary Fund (IMF). The report, however, cautions that this resilience masks underlying vulnerabilities, particularly those linked to the…
Afreximbank Ditches Fitch Ratings Agency
By: David Shoombe As African leaders find themselves caught in the crossfires of global economic tensions between BRICS alignment and the Western world, the African Export-Import Bank (Afreximbank) has officially terminated its credit rating relationship with Fitch Ratings. In its termination…
DBN Presents a Gloomy and Mixed 2024/25 Performance
By: Nghiinomenwa-vali Hangala For the financial year (FY) started in April 2024 and ended March 2025, the Development Bank of Namibia (DBN) approved N$912.7 million in funding across priority sectors, an increase compared to the previous year’s approval…
Only N$149.8 Million of the GC26 Switched on Wednesday
By: Nghiinomenwa-vali Hangala A switch auction that was held on Wednesday, mainly for investors to move their investments in the GC26, resulted in only N$149.8 million being switched to the existing long-term bonds. According to the…
PAN Warns Merchants on Card Transaction Surcharges
By: Nghiinomenwa-vali Hangala In a statement released last week, the Payment Association of Namibia (PAN) issued a warning to merchants charging additional fees on card transactions as conditions for debit and credit cards, saying it would take the…