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Finance

Finance (316)

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Namibia is home to over 1 700 millionaires with a wealth of more than US$1 million, 60 individuals with a wealth of more than US$10 million and three with a wealth of more than US$100 million, a new report by Henley & Partners and New World Wealth shows.

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Economic analysts have predicted that the Bank of Namibia will announce two more rate hikes before year end.

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The Development Bank of Namibia (DBN) has distributed more than N$7 billion in loans to projects or businesses and enterprises in the country, The Brief can exclusively review.

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A few days ago, I saw a Facebook advert that was offering company registration services. Although these services are common; something on this advert caught my attention, namely “let’s help you run your business legally by registering your company”.

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All eyes are on the Bank of Namibia this week with the bank’s Monetary Policy Committee (MPC) expected to announce a third interest rate hike in six months. 

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Letshego Holdings Limited has announced the appointment of Aobakwe “Aupa” Monyatsi as Group Chief Executive with immediate effect, subject to regulatory approvals.

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Bank Windhoek’s Managing Director, Baronice Hans has taken over the rotational Chairpersonship role of the Bankers Association of Namibia (BAN).

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When it opened its doors ten years ago, the new kid in the short-term insurance block, King Price, caught a lot of attention despite not having nearly enough money to market itself. With the novel promise of decreasing its potential clients' premiums every month, it got the attention it had hoped for.

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The Development Bank of Namibia (DBN) has made available N$8 million to the Ministry of Sport, Youth and National Service to finance the start-up of 28 rural youth enterprises.

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A four-member delegation from the World Bank is in Namibia to provide technical support on the envisaged Agri-Index Insurance for Namibia being coordinated by the Namibia Financial Institutions Supervisory Authority (NAMFISA).