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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June 10, 2023
Finance (467)
BoN to exercise extra caution with SA transactions following greylisting
February 28, 2023
The Bank of Namibia (BoN) says it will exercise increased caution when dealing with transactions or clients from South Africa following its greylisting by the Financial Action Task Force (FATF).
Should rising interest rates change your financial priorities?
February 28, 2023
The increase of interest rate has become a norm, with the continuous effort by the Monetary Policy Committee of the Bank of Namibia to stabilise the national economy and to maintain the one-to-one ratio peg between the South African Rand and the Namibia Dollar.
Interest rates are surging, who should celebrate?
February 24, 2023
Inflation is high, and interest rates have soared. How much further Bank of Namibia (BON) needs to raise interest rates, and whether the economy can prosper as it raises it, are crucial questions without clear answers.
DBN offers 12 months interest free loans
February 24, 2023
The Development Bank of Namibia (DBN) has announced that its Business Recovery Loans have been further subsidized in response to calls by businesses for access to affordable credit, and will now include a 12-month interest-free period following disbursement of the loan.
Sovereign Wealth Fund Bill to be tabled in 2024
February 23, 2023
The Bill of the much-anticipated creation and implementation of the Welwitschia Sovereign Wealth Fund, that is sought to boost the country’s economic recovery and also serve as a solid foundation that can back up the country’s economy, will be tabled in parliament in 2024.
Capricorn Group records N$698.2m after-tax profit in H1
February 23, 2023
Capricorn Group Limited has recorded N$698.2 million in after-tax profit for the six months ended 31 December 2022, a 20.3% increase compared to N$580.5 million recorded prior year.
GIPF issues registration ultimatum
February 21, 2023
The Government Institutions Pension Fund (GIPF) has announced that it will suspend monthly benefit payments in March 2023 to all pensioners, spousal and children beneficiaries who have not enrolled on the Fund's new biometric enrollment system by February 28, 2023.
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Fitch Ratings affirms Namport's credit profile with a stable outlook
February 17, 2023
Namibian Ports Authority (Namport) has received an affirmation of its National Long-Term Rating at 'AA+(zaf)' with a Stable Outlook, and its National Short-Term Rating at 'F1+(zaf)' by Fitch Ratings, a global ratings agency.
BoN hikes repo rate by 25bps, drives up debt servicing costs
February 15, 2023
The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) at its first meeting for the year resolved to hike the repo rate by25 basis points, inline with analyst forecasts.
