The Bank of Namibia’s (BoN) role in administering the Welwitschia Sovereign Wealth Fund is only temporary, The Brief has established.

Agriculture-focused financial institution, Agribank, has extended its farmland loan repayment period for youths by 5 years to 30 years.

Finance minister Ipumbu Shiimi has postponed the implementation of the Financial Institutions and Markets Act (FIMA), amid intense pressure from various stakeholders to drop the contentious clause on compulsory preservation of retirement benefits.

Finance minister Ipumbu Shiimi on Thursday said the government is pulling all stops, including drafting relevant legislation, to ensure that the country’s Sovereign Wealth Fund is put to good use.

Namibia sold a total of 56,163 sheep in March 2022, a 74% increase from the 32,243 in February 2022, mainly driven by live sheep exports to South Africa, latest statistics from Agribank show.

Page 1 of 32