By: Staff Writer   The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth in primary industries, such as mining. However, GDP growth is expected to see a marginal […]

  By: Dolly Menas   First National Bank of Namibia (FNB) has earned the prestigious title of Best Bank in Namibia for the year 2024, as bestowed by Global Finance magazine. The announcement came during the 31st annual Best Banks awards ceremony, marking a significant achievement for Namibia’s largest commercial bank. The founder and editorial […]

  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 […]

  By: Nghiinomenwa-vali Erastus   The Bank of Namibia’s recent annual report paints a troubling picture of the country’s economic landscape, with non-performing loans (NPLs) reaching N$6.5 billion by the end of 2023. Of these loans, 51% are attributed to individuals, while the real estate and business service sector accounts for 11.8%. The increase in […]

  By: Justicia Shipena   The Bank of Namibia (BoN) has declared a dividend of N$511.5 million to the government, which is about N$100 million from what it declared last year. This was announced by BoN Governor Johannes !Gawaxab during the launch of the central bank’s 2023 Annual Report on Tuesday. According to Gawaxab, the […]

  By: Staff Writer   Florian Hartzenberg has achieved a significant milestone by becoming the first professional accountant in Namibia to acquire both the Chartered Accountant, Namibia (CA(NAM)) and Chartered Global Management Accountant (CGMA) designations. This accomplishment follows the collaborative efforts between the accounting bodies, particularly the Membership Pathway Agreement established between the Institute of […]

  By: Nghiinomenwa-vali Erastus   Investors holding the government’s inflation-linked GI27 and GI33 bonds are set to receive their first coupon/interest payment for the year on April 15, 2024. The total interest payment amounts to N$63.1 million, which will be distributed among various institutional and retail investors who have invested in or lent money to […]

  By: Nghiinomenwa-vali Erastus   In a bid boost to the RuralRevive initiative aimed at building economic advancement and sustainable development in the Maltahöhe community, the Capricorn Foundation has pledged N$1 million towards the cause. The partnership between Capricorn Foundation and Wolwedans Foundations, the driving force behind the initiative, was announced with much anticipation. This […]