Finance

Finance (467)

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The Minister of Finance and Public Enterprises has given the Technical Advisory Committee (TAC) six months to review the Financial Institutions and Markets Act (FIMA) of 2021 and make recommendations.

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The Namibia Revenue Agency (NamRA) has announced the establishment of an investigative team as of 1 July 2023, to investigate the validity of zero tax returns submitted by companies.

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The Cabinet Committee on Legislation has given the green light to 11 Amendments and 20 new Bills that will bring Namibia's legal framework up to speed with the latest global standards for combatting money laundering and terrorist financing.

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Bank Windhoek recognises that unexpected financial challenges may arise in life. Our dedication is to assist and advise our customers in finding the optimal solutions to overcome these difficulties.

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The Walvis Bay Municipality, Road Authority (RA), and the Road Fund Administration (RFA) have signed a Memorandum of Agreement (MoA) to ensure continuous refurbishment of roads used by cargo traffic.

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Bank Windhoek has disbursed N$50 million since March 2023 to support the Namibian government's Small-Medium Enterprise (SME) Economic Recovery Loan Scheme, which was launched in February.

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Household credit grew by 5.4% year on year in March 2023, the fastest pace in growth since May 2020, buoyed by loans and advances, latest data shows.

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Standard Bank Namibia Holdings has announced that its Chief Executive Officer, Mercia Geises, will be stepping down from her position effective from 1 August 2023.

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Namibia has an urgent need to establish a pension fund for self-employed individuals and others operating in the informal sector, a financial services group has said.

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FNB Namibia has announced that it will be the sole bank implementing the Common Monetary Area (CMA) payment changes starting from June 11, 2023 in Namibia.