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Finance

Finance (570)

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The Government Institutions Pension Fund (GIPF) has expressed concern over the moratorium placed by the state on the recruitment of civil servants.

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The Bankers Association of Namibia (BAN) recently unveiled its latest version of the Code of Banking Practice, aiming to bolster sound banking practices and strengthen the relationship between banks and their customers.

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Like many other countries, Namibia is faced with a challenging economic environment created by global macro changes. The immediate financial outlook for Namibia is examined in this article. Additionally, the potential that green hydrogen as an emerging business provides, as well as the current changes in the oil industry.

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The private sector credit extension experienced a slowdown to 1.5% in May this year compared to 2.6% in April, amid tight financial conditions and successive repo rate hikes, latest data shows.

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Capricorn Group has appointed Olebile Makhupe as the Managing Director of Bank Gaborone, effective from July 1, 2023.

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SMEs play an important role in the country’s economic stability and should receive more support to enable them to keep contributing to job creation in the country, especially given the current high unemployment numbers among the Namibian youth.

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FNB Namibia Chief Executive Officer (CEO), Erwin Tjipuka, has been appointed as the new chairperson of the Bankers' Association of Namibia (BAN).

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The Old Mutual Foundation is seeking to empower 42 entrepreneurs in all 14 regions by the end of 2025 through the Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED).

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The Namibia Industrial Development Agency’s (NIDA) debtors book currently stands at N$89 million as a result of non-compliant tenants from its approximately 46 facilities, including industrial and SME parks, an official has revealed.

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The Environmental Investment Fund (EIF) of Namibia says it has to date disbursed N$578.5 million (US$30.9 million) of the N$732.1 million (US$39.1 million) in approved funding from the Green Climate Fund (GCF) for project implementation in the country.