insert_link Local GIPF investments: Why we do what we do By Conville Britz, General Manager, Investments - Government Institutions Pension Fund The Government Institutions Pension Fund (GIPF) stands as the single largest investor in Namibia's economy, significantly contributing to socio-economic development across the country’s 14 regions. By injecting capital into sectors beyond the traditionally dominant mining industry, GIPF plays a crucial role in enhancing Namibia's economic landscape. Central to GIPF's investment philosophy is a commitment to creating tangible […] todaySeptember 23, 2024 23
insert_link Local Africa Specialty Risks Receives BBB+ Credit Rating with a Positive Outlook from Fitch Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, is pleased to announce that Fitch Ratings has assigned a BBB+ long term insurance financial (IFS) rating with a positive outlook to ASR Re Limited (ASR Re). Fitch’s rating reflects ASR Re’s very strong capitalisation and low leverage. The positive outlook reflects ASR Re’s improving franchise and business profile as it continues to grow business volumes […] todaySeptember 23, 2024 10
insert_link Local The Bank Windhoek Sustainability Bond completes N$407 million allocation On Thursday, 19 September 2024, Bank Windhoek’s Chief Treasurer, Claire Hobbs, announced the release of the Bank’s third annual Sustainability Bond Impact Report, highlighting the ongoing commitment to responsible business practices and environmental stewardship for the 2023-2024 Financial Year. The Bank Windhoek Sustainability Bond was issued based on the Sustainable Bond Framework, with the first tranche issued in June 2021, raising N$227 million, and the second in December […] todaySeptember 23, 2024 9
insert_link Africa The Moroccan Association of Exporters (ASMEX) and the Ministry of Industry and Commerce of Morocco are co-hosting the first edition of the ZLECAF Business Forum – Morocco 2024 The Ministry of Industry and Commerce and the Moroccan Exporters' Confederation (ASMEX) are co-organizing a Business Forum aimed at raising awareness and providing information on the opportunities presented by the African Continental Free Trade Area (AfCFTA). The event, titled "Intra-African Trade: Perspectives and Opportunities," will take place on November 5, 2024, at the Hyatt Regency Hotel in Casablanca. This inaugural edition of the AfCFTA-Morocco Business Forum aims […] todaySeptember 23, 2024 10
insert_link Africa Gender Parity will unlock $287B for Africa’s Economy by 2030: Mastercard Foundation Report Tackling systemic barriers towards the participation of young women in Africa’s workforce will drive an estimated $287 billion to its economy by 2030, boosting GDP by five percent, a new report commissioned by the Mastercard Foundation reveals. Conducted in collaboration with McKinsey & Company, the study reinforces the crucial role of women’s economic empowerment in driving the continent into a new era of transformational growth. The report, Young […] todaySeptember 19, 2024 12
insert_link Local Bank Windhoek launches mass market solution, Selekt Red Recognising hard-working individuals of all ages and diverse cultures who want to lead better lives and aspire to success, Bank Windhoek will launch the Selekt Red offering on Friday, 20 September 2024. The launch of Selekt Red is the Bank’s value proposition within Namibia’s retail mass segment, emphasising that the Bank is mindful of Namibians and their financial challenges and needs. Backed up by the Bank’s research with […] todaySeptember 19, 2024 9
insert_link Local DHPS Kindergarten and Pre-school Renamed Since 1999, the DHPS Pre-school and later the DHPS Kindergarten have been indispensable parts of Windhoek’s early childhood education offerings. This will continue in the future, but under a new name. As a newly merged department of the Deutsche Höhere Privatschule Windhoek (DHPS) and an important part of the entire school community, the kindergarten and pre-school of Namibia’s only German International School Abroad now present themselves as the “DHPS […] todaySeptember 19, 2024 16
insert_link Local Nedbank Namibia embraces storytelling to boost financial literacy In a world where financial tools and services are more accessible than ever, one question looms large: why are so many people struggling with financial health? Despite the abundance of financial services, platforms, and tools available in the marketplace, consumers are more vulnerable than ever. As life increasingly gets busier, these impacts are compounded, considering the sheer speed at which one often must take decisions that may have […] todaySeptember 18, 2024 11
insert_link Local Germany supports Namibia with a EUR 3 million grant toestablish a Sustainable Financing Mechanism for Namibia’sstate-protected areas On 13 September 2024, the National Planning Commission (NPC) of Namibia together with the Ministry of Environment, Forestry and Tourism (MEFT) and KfW Development Bank (KfW), on behalf of German Development Cooperation, signed a grant agreement to the value of EUR 3 million (equivalent to approx. NAD 60 million) to establish a Sustainable Financing Mechanism to support Namibia’s state-protected areas (national parks). The financial contribution complements the MEFT’s […] todaySeptember 17, 2024 47