Finance

Finance (165)

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The Development Bank of Namibia (DBN) says Namibia’s SME sector still faces greater challenges that impact its growth and development, rather than the Bank’s delayed implementation of its Venture Capital Fund (VCF).

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The Bank of Namibia (BoN) has announced the appointment of Herman Shilongo to the Namibia Deposit Guarantee Authority board for a period of five years and Florette Nakusera as administration head.

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Bank Windhoek says it will fully cooperate with the Namibian Competition Commission’s (NaCC) investigation into alleged exclusive dealings in property conveyance services between the bank and Dr. Weder, Kauta & Hoveka Inc.

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The Namibian Competition Commission (NaCC) has commenced an investigation into alleged exclusive dealings in property conveyance services between Bank Windhoek and Dr. Weder, Kauta & Hoveka Inc.

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

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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.

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The Development Bank of Namibia (DBN) has to date funded renewable projects in the country valued at N$1.231 billion.

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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.

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Benchmark Retirement Fund (BRF) is now the third largest pensions administrator in Namibia after its assets breached the N$5 billion mark in February this year, The Brief can reveal.

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When people enter into long-term relationships, they often embrace a ‘what’s mine is yours’ approach to sharing their lives with each other.

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