financial assistance

City of Windhoek Clarifies Electricity Disconnection for Resident Eiseb

The City of Windhoek has addressed concerns over the recent electricity disconnection of Petrus Eiseb, stating it was due to unpaid arrears of N$4,300, in line with its Credit Control Policy. The statement issued by the Chief Executive Officer's office says, Eiseb’s account had been overdue for over 60 days before disconnection, but he later benefited from a N$10,000 debt write-off under the 2024 Debt Write-Off exercise. His electricity was […]

28 February, 2025 46

World

Trump administration sued over funding freeze

A number of nonprofit organizations are suing the Trump administration following a freeze on federal aid programs. The government is stopping financial assistance to programs which include school meals for low-income students and foreign USAID assistance. Nick Harper reports from Washington.

29 January, 2025 67

South Africa

Deputy President Says Government Is Collaborating with Development Bank to Aid Indebted Municipalities

S.A's Deputy president Paul Mashatile says the government is working with the Development Bank of Southern Africa to secure resources to assist municipalities that are in debt. Municipalities owe creditors 116.5-billion-rand, with 75.3-percent of this debt more than 90 days overdue. In turn municipalities in 2023/2024 were owed 339.9-billion-rand. Answering questions in the National Assembly yesterday, Mashatile said it is concerning that many municipalities are in financial stress:

1 November, 2024 61

Local

Namibia Shines at Africa Energies Summit 2024

Managing Director of Monasa Advisory & Associates and Chairperson of the Economic Association of Namibia, Jason Kasuto, attended as a selected speaker the Africa Energies Summit 2024. The summit organised by Frontier Communications, now in its 10th year, is a cornerstone event that brings together leaders and innovators from across the continent to discuss the dynamic energy landscape of Africa. The Africa Energies Summit, hosted annually, serves as […]

21 May, 2024 23

Local

Bank Windhoek SME recovery loans assistance clocks N$ 200 million

On Monday, 20 May 2024, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is already disbursed, with the remaining N$ 8 million approved pending disbursement. Van Vuuren said that […]

21 May, 2024 54

Business / Economics

Finance Ministry gives an updates on SME recovery loan scheme

The Deputy Minister of Finance Maureen Hinda-Mbuende re-launched the SME Economic Recovery Loan Scheme designed last year to assist Small and Medium Enterprises that have suffered difficult economic conditions. We contacted Minister Hinda-Mbuende for an update.

25 April, 2024 44

World

IMF delegation visits Pakistan for economic reform talks

An International Monetary Fund delegation will review a $3 billion bailout arrangement with Pakistan's new government this week. Islamabad says it wants to negotiate an 'extensive and extended' economic bailout package with the IMF to ensure macroeconomic stability.

13 March, 2024 43

Local

Another N$2 million raised for the fight against cancer in Namibia

Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, said that embracing social responsibility is not just a mere investment but a journey towards a sustainable and harmonious future for the Bank’s business, stakeholders, and the society it serves. She delivered this statement on Thursday, 30 November 2023, in Windhoek, announcing another two million Namibian Dollars raised by the annual Bank Windhoek Apple Cancer Project. This announcement […]

30 November, 2023 20

World

Development aid cuts will hit fragile countries hard, could fuel violent conflict

Patricia Justino, United Nations University and Laura Saavedra-Lux, United Nations University Fragile and least developed countries have had their development assistance cut drastically, according to the Organisation for Economic Co-operation and Development. For instance, net official development assistance to sub-Saharan African countries has shrunk by 7.8% compared to 2021. And development aid for peace and conflict prevention has declined to its lowest in 15 years. These cuts will hit fragile […]

17 November, 2023 14