April 04
Namibia: Namibia Records N$26,3m Worth of Fraud Cases in Banking Sector
Namibia has recorded a total of 357 fraud cases in 2023, which has led to losses amounting to N$26,3 million. Read more »
April 01
Namibia: Omusati Take It Home
Omusati took the coveted Nedbank Namibian Newspaper Cup home after a protracted final on Monday that was eventually decided on a penalty shoot-out. They defeated a spirited Kavango… Read more »
March 13
Namibia: Central Bank Concludes Investigation Into Ponzi Scheme Duo
The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. Read more »
February 15
Namibia: In Sickness and in Health - !gawaxab Defends SA Rand Marriage
Bank of Namibia (BoN) governor Johannes !Gawaxab has likened the Namibia dollar and the South African rand peg to a marriage. Read more »
January 14
Namibia: Potential Loss Less Than N$2 Million After Theft, Bank Says
Bank Windhoek managing director Baronice Hans says the potential loss in the case of an employee allegedly stealing N$200 million from the bank is less than N$2 million. Read more »
January 11
Namibia: Schimming-Chase to Head Retirement Fund Board
Afra Schimming-Chase has been appointed as Benchmark Retirement Fund's new chairperson. Read more »
January 08
Namibia: Banks to Face Uphill Battle to Repossess Homes
Minister of justice Yvonne Dausab is expected to operationalise a new law protecting homeowners against bank repossessions due to loan defaults. Read more »
October 24, 2023
Namibia: Economists Predict Repo Rate to Remain Unchanged
Economists predict that the repo rate will remain unchanged at 7,75%. Read more »
October 10, 2023
Namibia: Bon Promotes Rural Transformation Through Financial Access
The Bank of Namibia (BoN) has urged financial sector stakeholders to expand agent banking services in order to boost financial inclusion and support economic growth in rural areas. Read more »
Namibia: Agribank's Loan Book Grows to N$284m
Namibia's premier agricultural lender, Agribank, significantly boosted its loan disbursements, reaching over N$284 million this year, compared to the previous year's N$194 million. Read more »
June 25, 2023
Namibia: Parliament in Race to Avoid Greylisting
Political experts and opposition members of parliament (MPs) have expressed concern about Cabinet ministers rushing to table critical bills in parliament for amendment - seemingly… Read more »
March 30, 2023
Namibia: Bank of Namibia Gives Treasury More Millions
THE Bank of Namibia has declared a flat N$413,7 million dividend to the state for the 2022 financial year. Read more »
March 14, 2023
Namibia: Bank Windhoek Launches Sustainability Loan Drive
Climate change would only be harmful if interventions to increase resilience are not practised worldwide, said Bank Windhoek's chief treasurer, Claire Hobbs. Read more »
February 09, 2023
Namibia: Bank Windhoek Executive Calls for Dedication
MENTORS and mentees should strive to do their best and be dedicated in everything they do. Read more »
February 07, 2023
Namibia: New Top Appointments At Central Bank
THE Bank of Namibia (BoN) has appointed Romeo Nel, a long-serving director of banking supervision, as technical adviser to the governor. Read more »
September 29, 2022
Namibia: BoN Pushes to Liquidate Trusco Bank Namibia
THE Bank of Namibia (BoN) is pushing to liquidate the troubled Trustco Bank Namibia Ltd (TBN) through the High Court. Read more »
September 23, 2022
Namibia: Sarb Pushes Repo Up to Pre-Covid-19 Levels
THE South African Reserve Bank (SARB) has increased the benchmark interest rate by 75 basis points to 6,25%, back to pre-Covid-19 levels - a move Namibia is expected to emulate… Read more »
August 04, 2022
Namibia: Govt Denies IMF Role in No Salary Hikes
THE government yesterday insisted that the lack of salary increments for civil servants is not linked to a N$4,5 billion International Monetary Fund (IMF) loan. Read more »
July 05, 2022
Namibia: Fitch Downgrades Development Bank of Namibia Too
CREDIT rating agency, Fitch Ratings has knocked the Development Bank of Namibia's creditworthiness down to the last notch before investors start seeing the bank as a high lending… Read more »
July 04, 2022
Namibia: Bank Windhoek, FNB Ease Banking Fees
BANK Windhoek and FNB have announced new fee structures for their services, which came into effect on Friday. Read more »
June 02, 2022
Namibia: Indoor Hockey League Reaches Its Climax
The Bank Windhoek Indoor Hockey League reaches its climax this week when the champions will be decided. Read more »
May 19, 2022
Namibia: Competition Commission Investigates Bank Windhoek, Law Firm
THE Namibia Competition Commission (NaCC) has launched a probe into alleged exclusive dealings in property conveyance between Bank Windhoek and law firm Dr Weder, Kauta and Hoveka… Read more »