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Finance

Finance (344)

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Namibian businesses and individuals have racked up debt of over N$110.5 billion as of December 2022, according to the latest Private Sector Credit (PSCE) figures.

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First National Bank (FNB) has been named the "Strongest Banking Brand in the World" in the Brand Finance Banking 500 2023 report.

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Namibia’s non-bank financial institutions (NBFIs) sector saw its assets stagnating at N$357 billion at the end of the third quarter last year due to weaker performance in the financial markets. 

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RMB Namibia has been named the Best Trade Finance Bank in Namibia 2023 by Global Finance magazine in their 23rd annual World's Best Trade Finance Providers Awards.

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The Namibia Revenue Agency (NamRA) has collected approximately N$2.8 billion from its customs and excise operations for the 2022/23 financial year from April to December, 2022. 

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Gideon Vos has been appointed as the new Head of Investment Banking at Corporate and Institutional Banking at Bank Windhoek, effective January 11, 2023.

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The dawn of 2023 came with numerous amendments to tax legislation which was promulgated on 29 December 2022 and came into effect on 1 January 2023. For instance, the Income Tax Act amendments resulted in the tax-deductible amount for contributions towards both retirement and educational policies being increased from N$40 000 to N$150 000 per annum.

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It is incredible how many people make resolutions about getting themselves into shape when a new year begins. Very few of us, think about the ‘financial hangover’ that we are dragging into a new year and how much getting personal finances back in shape could benefit our lives. 

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The Environmental Investment Fund (EIF) of Namibia has commenced with the Green Climate Fund (GCF) programming consultation following its re-accreditation to the body for another five years last year.

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The start of a new year is the best time to start afresh with the goals that proved challenging in the previous year.

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