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Finance

Finance (570)

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The Bank of Namibia’s Monetary Policy Committee raised the repo rate by 50 basis points to 7.75% on Wednesday ahead of a 25 basis points increase forecasted by analysts.

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Parliamentarians in Namibia are ironing out 13 financial amendment bills set by the Financial Action Task Force (FATF) to avoid grey listing. 

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The Bank of Namibia is expected to hike its repo rate by 25 basis points to 7.50% from 7.25% when it announces its monetary policy decision on Wednesday, an expert has said.

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There is a portion of Namibia’s population that is more financially and emotionally stressed than the rest and goes unnoticed by most. A Savings and Investment survey done by Old Mutual two years ago, indicated that 63% of Namibians are “sandwiched” between two generations who rely on them financially.

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NamPower has announced the suspension of its debt recovery plan, which involved disconnecting defaulting customers, until the end of August. 

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 The Namibia Financial Institutions Supervisory Authority (NAMFISA) says there was no increase in the number of claims filed to short-term insurance companies following the December 2022 heavy rainstorm that damaged property worth millions of dollars in Windhoek.

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Financial services corporation Visa is targeting Namibians in an effort to increase the international usage of bank cards.

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Capricorn Private Wealth (CPW) has been named the Best Private Banking Brand in Namibia for 2023 at the eleventh edition of the Global Brand Awards.

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We all strive to give our children the best we can, and building generational wealth is one way to help them on their journey to financial wellbeing.

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At a recent information-sharing session hosted by the Social Security Commission (SSC) and the Ministry of Labour, the ILO, supported by Ministry of Labour, seems to be intent on imposing its model for a National Pension Fund.