Banking

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Namibia

Namibia Statistics Agency launches nationwide financial inclusion survey

The Namibia Statistics Agency (NSA) has launched a nationwide Financial Inclusion Survey to map how Namibians access and use financial services. Running until 4 November, the survey covers all 14 regions, collecting data on banking, insurance, loans, and savings practices across the country. Dr. Paula Ingo, Executive for Demographic and Social Statistics and Financial Inclusion Project Manager at the NSA, highlighted the importance of the survey in supporting evidence-based planning […]

today7 October, 2025

Business / Economics

FNB launches real-time cross-border payments

FNB has teamed with BankservAfrica to offer near real-time cross-border payments within the Common Monetary Area, covering Namibia, South Africa, Lesotho, and Eswatini. FNB clients can now transfer up to N$ 25 thousand instantly, 24 hours per day, across borders with enhanced security and lower costs. The move aligns with regulatory compliance under Namibia’s grey-listing status.

today7 November, 2024

Business / Economics

Letshego reports 14% revenue growth in 2024

For the first half of 2024, Letshego Holding Namibia recorded a strong growth of 14% year-on-year increase in total revenue, driven by a 21% rise in interest income. Net interest income grew by 15% to N$251 million, strengthened by a 3% increase in net advances to customers and strategic repricing of low-interest loans. CEO of Letshego Holdings Namibia, Dr Ester Kali says the bank has maintained a stable cost-to-income ratio […]

today29 August, 2024

Local

Bank Windhoek appoints Shivute as Sales and Bancassurance Executive

      On Friday, 31 May 2024, Bank Windhoek’s Managing Director, Baronice Hans, announced the appointment of Saara Shivute as the Bank’s Executive Officer of Sales and Bancassurance, effective 1 June 2024. Hans said that since joining Bank Windhoek in 2018 as Head of Specialist Finance, Shivute has been instrumental in driving the Bank’s success as part of its Growth Strategic Pillar. As the Sales and Bancassurance Executive Officer, […]

today4 June, 2024

Africa

Nigeria suspends cybersecurity law

Nigeria has suspended a planned levy on electronic transfers to fund cybersecurity. The Central Bank of Nigeria had in a circular last week directed all banks and mobile money operators to charge 0.5% of the value of electronic transfers as a cybersecurity levy. Ajeck Mangut reports.

today15 May, 2024

Business / Economics

Standard Bank’s Thomas Koneka Iindji dies aged 44

Renowned banker and former Namibia Chamber of Commerce and Industry Northern Branch Chairperson, Thomas Koneka Iindji, has died aged 44. This, according to the Namibia Press Agency, was confirmed by a family member, saying that Iindji died on Tuesday in Windhoek. At the time of his death, he held the position of Head of Business and Commercial Banking at Standard Bank, a position he assumed in February this year. He […]

today23 April, 2024

Africa

Economic reforms propel Ethiopia to world’s third fastest growing nation brand status

    By Conrad Onyango, bird story agency   Ongoing economic reforms that are also seeing Ethiopia opening up its traditionally closed sectors to private investment are helping to lift the country’s image, globally, according to a new report. UK-based Consultancy, Brand Finance in its Global Soft Power Index 2024 ranked Ethiopia the third fastest-growing nation brand in the world. In the ranking of the most valuable nations, Ethiopia’s brand […]

today13 March, 2024

Business / Economics

Exploring the future of digital transactional banking

By Nedbank Namibia’s Head of Transactional Banking, Reginald Obaking The ongoing digital transformation has sparked several trends that have influenced the way Nedbank Namibia’s Corporate and Investing Banking (CIB) division revolutionises its solutions for businesses, corporations, and other large entities. CIB recognises the pivotal role of technology in transforming transactional banking services to enhance the overall client experience. ‘The fascinating way transactional banking continues to evolve day by day is […]

today27 February, 2024