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Finance

Finance (316)

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 Namibian banks’ cautious approach to vehicle financing is constraining local car sales, economic advisory firm Simonis Storm has said.

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Andersen Global continues to strengthen its African platform as the organization enters a Collaboration Agreement with Namibia-based Windhoek Accounting and Taxation. 

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The Namibian investment management sector created 7,777 jobs in the 12 months to March 31, 2022, latest figures from the Namibia Financial Institutions Supervisory Authority (NAMFISA) have revealed. 

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FNB Namibia has announced a refreshed brand positioning that focuses on providing intuitive help that goes beyond products and services to deliver an enhanced experience for customers, stakeholders, and staff. 

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We have our eyes set on financial goals that we believe can allow us to achieve anything we truly desire to achieve.  

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Namibia’s Non-Bank Financial Institutions (NBFIs) registered a 13.9% growth in assets to N$370.6 billion for the year ended March 2022, mainly driven by pension funds and long-term insurance assets, latest industry figures show. 

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 Central Banks use interest rate increases to slow down the increase in inflation. These past few months have tested the resolve of even the most seasoned of investors.

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The City of Windhoek (CoW) has secured two loans totaling N$155 million from the Development Bank of Namibia (DBN) to fund its shortfall to finance the N$228-million Khomas intake substation project to ensure additional capacity to support the City’s forecasted power demand. 

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The Government Institutions Pension Fund (GIPF) has invested over N$ 306 million in the Oshana region of which over N$110 million is invested in Ondangwa through land servicing and construction.

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Banks loans and mortgages were the major drivers of household credit in August, latest figures show.