Finance

Finance (465)

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First National Bank (FNB) Namibia says it is ready to provide financial assistance to Small and Medium Enterprises (SMEs) that were impacted by the COVID-19 pandemic.

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Valentine's Day is a time for showing love and appreciation to the special people in our lives, but gift-giving can put a strain on our budgets if we don't plan accordingly.

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The Development Bank of Namibia (DBN) is making a significant impact on the country's enterprise and infrastructure finance landscape.

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Valentine's Day is a special day to celebrate love and affection, but it is also a suitable time to reflect on our finances.

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Namibian Fund Managers remain optimistic about the outlook for trading on the Namibian Stock Exchange (NSX) in 2023, with 56% of respondents in a recent Simonis Storm survey anticipating higher activity compared to 2022.

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The global economy is facing a new set of challenges in 2023, as inflation, geopolitical tensions, and the ongoing signs of the COVID pandemic continue to affect countries worldwide.

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The Government Institution Pension Fund (GIPF) says it will soon start implementing a real-time payment system on deceased people’s claims, a development that will ease the burden on bereaved family members. 

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The Bank of Namibia (BoN) has made four key new appointments to its management structure, primarily in the Office of the Governor, the Oshakati Branch, and the Banking Supervision Department.

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Namibia’s small to medium enterprises (SMEs) have so far accessed only 1.28% of the N$500 million Covid-19 loan scheme due to stringent qualifying criteria, high lending rate and poor visibility and reach of the scheme among others, it has been found.

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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.