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Finance

Finance (316)

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Former deputy minister Dr Iyambo Indongo’s daughter is suing Trustco for refusing to pay out a Legal Shield Policy following the death of her father.

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The Namibia National Reinsurance Corporation Limited (NamibRe) in partnership with local, regional, and international finance and banking, and insurance industry for the 2nd year running will host the Namibia Women in Finance and Insurance Summit (NWFIS) on the 04 to the 05th of August 2022, in Windhoek, Namibia. 

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The shallow nature of Namibia’s capital market, the infrastructure funding gap and the size of the country’s long-term saving makes a good case for infrastructure/projects bonds.

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Savings and investments are both sourced from an individual’s disposable income. This may lead to a general confusion between the two concepts.

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Standard Bank Namibia has successfully raised N$400 million of funding in the debt capital markets, through a green bond issuance, with Standard Bank of South Africa acting as joint arranger. 

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The City of Windhoek Council has clashed with the management committee (MC) over the recruitment of a Chief Executive Officer.

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Finance minister Iipumbu Shiimi has appointed a 19-member Technical Committee to spearhead consultations on the protracted Financial Institutions and Markets Act (FIMA).

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The City of Windhoek cumulative losses for the past 10 years now amount to N$3.2 billion after it recorded a N$480 million loss for the 2021 financial year, latest figures have revealed.

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The Namibian Stock Exchange (NSX) closed one of its best weeks, after it recorded trade valued at over N$2.8 billion last week.

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The Namibia Financial Institutions Supervisory Authority (NAMFISA) says it will continue to roll out its five-year strategy despite a delay in the implementation of the Financial Institutions and Markets Act (FIMA).