NAMFISA Reports Decrease in Unclaimed Pension Funds as Benefits Continue to Rise

The Namibia Financial Institutions Supervisory Authority reported a decrease in unclaimed pension fund benefits to N$218.7 million by the end of 2023, down from N$229.1 million the previous year. This improvement is attributed to better tracing and payment of beneficiaries. Total benefits paid increased by 6.6% to N$12.3 billion, with retirement benefits continuing to grow faster than contributions. Contributions rose by only 0.9% to N$10.0 billion, which fell below the inflation rate of 5.7% for the same period.

Written by: Leonard Witbeen

Future Media FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS Namfisa Namibia Financial Institutions Supervisory Authority

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Nedbank net income rose to N$956m in 2023/2024

By: Hertha Ekandjo Nedbank Namibia’s net interest income rose to N$956 million in 2024 from N$934 million in 2023. There was a 6% rise in loans and advances, reflecting a stronger demand for credit amid recovering economic conditions. Additionally, interest paid to clients grew by 2%, reaching N$1.184 billion, up […]

April 2, 2025 26

Namibia

Farm 805 residents face challenges

https://youtu.be/LATKyde4q9Q By: Sylvia Kahiha Some people resettled on Farm 805 have to walk long distances to collect potable water. Farm 805 is between Havana informal settlements and Ongos Valley housing development in Windhoek. The people were moved from Otjomuise in January because of floods.

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