The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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September 24, 2023
Finance (564)
The untapped market of women empowerment
March 09, 2022
With just around seven and a half years to go for the world to achieve the ambitious gender equality targets of Sustainable Development Goal (SDG) 5, the average woman only has three-quarters of the rights that men enjoy.
With Namibia faced with high levels of indebtedness and alarming rates of foreclosures, which have seen the Ministry of Justice intervening. The Brief (TB) inquired from the Bank of Namibia (BoN) to find out the Central Bank’s view on these issues. Below is their response.
Capricorn Group records N$580.5m H1 profit
February 25, 2022
Diversified financial services institution, the Capricorn Group Ltd (Capricon), says profit after tax from continuing operations increased by 23.8% to N$580.5 million in the interim period ended 31 December 2021.
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The Bank of Namibia says it is greatly concerned with the alarming rate of non-performing loans, a development that threatens stability of the country’s financial services sector.
The Bank of Namibia (BoN) on Wednesday raised its repo rate by 25 basis points to 4% and many borrowers are wondering how this development will affect their pockets.
