Finance
Stay ahead with The Brief's finance news. Explore Namibia's financial markets, investment opportunities, and expert analysis on economic trends.
Total outstanding Namibian banking sector loans surge to N$112.7bn in Q1 2024
The Namibian banking sector witnessed a significant surge in total outstanding loans, reaching N$112.7 billion in...
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Debit orders to and from South Africa to cease – BoN
The Bank of Namibia (BoN) says effective 30 September 2024, debit order payments to and from...
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Private sector credit expansion weakens amid economic uncertainty
Private sector credit extension grew by a modest 1.8% year-on-year (y/y) in July 2024, maintaining the...
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Namibia seeks speedy greylist removal with early FATF report
The Financial Intelligence Centre (FIC) says it is taking a proactive step towards Namibia exiting the...
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FIMA clause mandates minimum N$200,000 is retained for beneficiaries despite policy claims
A clause in the Financial Institutions and Markets Act (FIMA) aims to protect beneficiaries of insurance...
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Insurance policy uptake surges by 22.6% in Q1, down 45.3% y/y
Namibia recorded a 22.6% increase in new insurance policies during the first quarter of 2024, according...
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GCR upgrades ratings of Letshego Namibia to A+(NA)
GCR Ratings (GCR) has upgraded the Namibian national scale long-term issuer ratings for Letshego Holdings Namibia,...
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GIPF identifies 155 members with unclaimed pension benefits
The Government Institutions Pension Fund (GIPF) says it has identified approximately 155 members who have unclaimed...
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Trustco surrenders banking licence to BoN
…BoN says bank is liable to repay all depositors' funds Trustco Group Holdings Limited has exited...
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