February 05
Namibia: Sanlam Makes N$6.5 Billion Bid for Assupol
Sanlam last week proposed to buy its smaller competitor, Assupol Holdings Limited, for around N$6.5 billion. Sanlam has officially stated its intention to acquire 100% of the… Read more »
July 07, 2023
Namibia: Boot Banks From Govt Housing - Hamata
Legislator Hidipo Hamata wants commerc ial banks removed from the government's housing scheme, which subsidises houses by up to two-thirds of a set maximum purchase price. Read more »
June 07, 2023
Namibia: Repo Rate Evokes Fear...As 'Banks Increase Interest Rates for Profit'
Interest income has been the main contributor to profits made in recent years by Namibia's commercial banks. However, these local commercial banks are definitely not compelled to… Read more »
April 18, 2023
Namibia: Crypto Company Contests for Frozen Funds
A crypto trading company, CBI Exchange Namibia seeks the help of the High Court to force the Bank of Namibia to release its funds after the bank froze its business account for… Read more »
February 21, 2023
Southern Africa: Namibia, Angola Central Banks Formalise Collaboration
Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) recently signed an agreement to formalise technical… Read more »
August 31, 2022
Namibia: Trevali's U.S.$110m Loan to Fund Rosh Pinah Expansion
Trevali Mining Corporation recently confirmed credit approval from Standard Bank of Namibia and Standard Bank of South Africa for a Senior Secured Financing Facility of US$110… Read more »
June 15, 2022
Namibia: Hans Takes Over As Ban Chairperson
The Namibian banking industry plays a critical role in catalysing economic activity and ensures financial stability, especially in unprecedented and challenging times. Bank… Read more »
June 13, 2022
Namibia: Namfisa Agri-Index Gaining Traction As World Bank Visits
A four-member delegation from the World Bank is visiting Namibia to provide technical support on the first-ever envisaged Agri-Index Insurance for the country, coordinated by the… Read more »
May 30, 2022
Namibia: Bank Windhoek Introduces Contactless ATMs
Bank Windhoek this week introduced the first contactless-enabled feature across Cash Accepting ATMs, becoming the first financial institution in the country with this… Read more »
May 17, 2022
Namibia: Agribank Extends Farmland Purchase Loan Term
All Namibians under 35 years of age willing to purchase farmland through Agribank now have up to 30 years to repay their farmland loans. Read more »
April 29, 2022
Namibia: Agribank, Nab Agree to Grow Food
The Agricultural Bank of Namibia and the Namibian Agronomic Board signed a memorandum of understanding to collaborate in interventions aimed at developing the agronomic and… Read more »
April 27, 2022
Namibia: Development Bank of Namibia Relief Loan Preserved Gondwana Jobs
A Development Bank of Namibia Covid-19 business relief loan has helped to preserve approximately 950 jobs by providing finance of N$53 million to pay salaries of employees of the… Read more »
Namibia: NDGA's Assets Remain Safe and Secured
The Namibia Deposit Guarantee Authority assets remained safe and secured for the year ended 31 December 2021. Read more »