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 years ago with the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa […]

  By: 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 Namibia (BAN), encourages effective communication to prevent repossession, asserting that banks are generally […]

  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 still do not have clarity about FIMA and possible compulsory preservations and that a national […]

  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 services in the telecommunications sector, is expected to usher in a new era of leadership […]

  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, underscoring its confidence in Namibia’s promising economic future and Trustco’s proven ability to channel capital […]

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 for the year has seen the government rejecting various bids and obtaining less than its planned […]

  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 BoN into the global Network for Greening the Financial System (NGFS) is a substantial […]