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Finance

Finance (316)

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The Environmental Investment Fund's (EIF) journey with the Green Climate Fund (GCF) has been a rewarding and transformational one, significantly scaling up adaptation finance to Namibia, and enabling a paradigm shift in the way in which adaptation projects are conceived and financed. 

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Namibia and Angola have agreed to collaborate on digitally enabled payment methods, including digital currencies and crypto assets.

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Bank Windhoek has scrapped monthly subscription fees for Internet Banking, the Mobile App and Cellphone Banking under a new fee structure which comes into effect on Friday. 

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Students who owe the Namibia Student Financial Assistance Fund (NSFAF) over N$2.6 billion in interest accrued on overdue student loans of N$5.2 billion will heave a sigh of relief after the fund decided to write-off the growing debt.

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It is no secret that poor economic conditions and COVID-19 have a significant impact on business cash flow. Debtor difficulties have been a significant root of the problem, as business closures have been widely reported. As a result, running a business has become even more challenging, necessitating participation in cash flow management programs. 

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The Bank of Namibia is set to explore Ghana’s financial inclusion strategy, with the aim of implementing some of the measures in rural areas across the country.

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Old Mutual Namibia hosted its 12th annual Women's Summit, under the theme “Securing your Financial Future" and saw over 140 women in attendance.

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The Government Institutions Pension Fund (GIPF) has recorded a surplus of N$16.5 billion according to an Actuarial Valuation Report released on Friday.

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The Bank of Namibia and the Bank of Botswana have renewed their cooperation following a visit by Johannes !Gawaxab, Governor of the Bank.

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The Bank of Namibia says financial institutions in the country have N$485 million in unallocated funds belonging to various clients, including cash sitting in dormant accounts.