By: Staff Writer
The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year.
This was primarily fueled by higher interest rates and an expanded interest-bearing asset base.
Over the course of 2023, the group experienced a 300 basis point (bps) increase in interest rates. Additionally, increased valuations on unlisted equity holdings also contributed to the rise in investment returns.
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