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Govt Debt up by N$66 Billion in 5 Years
By: Nghiinomenwa-vali Hangala As of Friday last week, local investors have lent N$139.7 billion to the Namibian government to fill its budget shortfall for the past five financial years through bonds and treasury bills. This is an increase from N$73.8 billion, which was borrowed from the domestic market at the end of 2020, according to […]
Domestic Capital Mostly Invested in Listed Equities and Debt
By: Nghiinomenwa-vali Erastus Most of the country’s N$289.9 billion capital that is deployed domestically through investment managers is invested in listed equities (shares) and debt instruments as of 31 March 2025, according to the Namfisa 2025 First Quarter report, which was released this week. This has been the trend for the past years. […]
Parliament Demands Banks’ Charges Impact Report
By: Nghiinomenwa-vali Erastus The Parliamentary Committee on Economy, Industry, and Public Administration, has asked the Central Bank to conclude the impact assessment of commercial banks fees and charges and share it with the Ministry of Finance. The governor of the Bank of Namibia appeared before the Parliamentary Standing Committee on Economy and Industry […]
Govt Hope to Switch Part of N$5.6 Billion Note Today
By: Nghiinomenwa-vali Erastus The government through the Central Bank will gives investors in the GC26 bond a chance for them to move their money to other long-term debt instruments today. The government owes domestic investors through the GC26, N$5.6 billion, and now it is hoping that investors will be enticed and tell the government to […]
Financial Sector is Encouraged to follow SA’s Cybersecurity Standards
By: Nghiinomenwa-vali Erastus It has been recommended that Namibian companies in the financial sector follow South Africa’s latest legal standard for cybersecurity in the financial sector. The South African Financial Sector Conduct Authority and the Prudential Authority, have introduced regulations that outline how institutions should prevent, respond to, and recover from cyber threats. […]
Rundu Town Council Proposes N$284 Million Budget for 2025/2026
By: Annakleta Haikera The Rundu Town Council has proposed a capital project budget of N$284,1 million for the 2025/26 financial year, marking a 15% increase from the previous year’s budget of N$245,995,825. This was announced during a recent meeting between council representatives and residents, held in the Kavango East region. The council’s […]
60 Out of 121 Constituency Youth Enterprise Proposals Ready for Financing
By: Nghiinomenwa-vali Erastus A report by the National Council Standing Committee on Education, Science, ICT, and Youth Development has revealed that 60 out of 121 proposals under the Constituency Youth Enterprise Initiative are ready for financing. The Committee shared its findings following engagements with the now-dismantled Ministry of Sport, Youth and National Services. […]
Nam to Start Backing Currency with Gold
By: Nghiinomenwa-vali Erastus As part of its evolving foreign exchange reserve management strategy, the Bank of Namibia will begin accumulating gold to diversify and strengthen the country’s reserve assets. The central bank aims to allocate 3% of its foreign exchange (FX) reserves to gold, a move it says is aligned with global trends in central […]
Govt to Borrow N$29.8 Billion This Year…N$21.2 Billion to Be Sourced Locally
By: Nghiinomenwa-vali Erastus The government plans to borrow N$29.8 billion during the 2025/26 financial year to meet its budgetary requirements and other financial obligations. Of this amount, N$21.2 billion will be raised from the domestic market, according to the finalised Borrowing Plan released by the Bank of Namibia on behalf of the government. […]
US Dollar Reserve Global Dominance Shrinks
By: Nghiinomenwa-vali Erastus A summary done by the Bank of Namibia last week shows that the USA dollar’s dominance as a global reserve currency has eroded from over 70% in 2000 to 59% in Q1 2024. The USA dollar has been the dominant/principal reserve currency – where central banks stack it up in large quantities […]