Finance

Finance (447)

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The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) has hiked South Africa’s interest rates by another 50 basis points.

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The Government Institutions Pension Fund (GIPF) has paid out N$20 billion in the last five years to its beneficiaries, Prime Minister Saara Kuugongelwa-Amadhila has revealed.

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The Motor Vehicle Accident Fund (MVA) paid out N$218 million in medical service provider claims in 2022, a 30% increase compared to 2021, latest data reveals.

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The SME Economic Recovery Loan Scheme has disbursed financing worth over N$85.9 million in loans to 80 SMEs as part of concerted efforts to grow the sector.

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In the pursuit of securing funding, the well-known adage, "the grass is always greener on the other side," takes on new significance.

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The Roads Authority (RA) on Wednesday launched a N$15 billion five-year Integrated Strategic Business Plan (ISBP) which seeks to expand the national road network as well as upgrade gravel roads to bitumen standards.

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The Development Bank of Namibia (DBN) is in the process of developing and establishing a Venture Capital Fund (VCF).

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The financial services sector is an important component of any economy, offering a variety of products and services to meet the financial needs of individuals and businesses.

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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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