Financial growth

Banking Sector Strengthens Economic Footing

Local banking assets have climbed to N$180 billion, representing 70% of the Gross Domestic Product and confirming the industry’s role as the third-largest contributor to the economy. Our correspondent Hertha Ekandjo reports that PSG Wealth Namibia says the sector contributed 8.1% to GDP for this year, maintaining a steady 5% year-on-year growth despite wider economic challenges.

14 November, 2025

Business / Economics

Institutional Investors Forum Continues in Swakopmund

The 4th Annual Institutional Investors Forum 2025, themed "Empowering Growth: Investment Strategies for Institutional Investors in Namibia," is currently taking place in Swakopmund. The event focuses on Pension Fund Trustees, who play a crucial role in securing the financial well-being of their members.Michael Ndinisa is the Group CEO of MNCapital Group of South Africa.

7 March, 2025

Business / Economics

Weekly Economics Wrap: 7-14 November 2024

Your Weekly Economics Wrap Welcome to this week’s economic highlights, capturing key developments from Namibia, South Africa, across Africa, and on the international stage. Namibia: Access Bank’s Graduate Program & Market Activity Access Bank Namibia recently selected 38 promising graduates to join its highly sought-after Graduate Programme, where they will undergo rigorous training at the bank’s Lagos headquarters. Head of Human Resources Edwina Hashikutuva shared that the program received over […]

14 November, 2024

Africa

Africa’s millionaire population expected to increase by 65%

There is USD 2.5 trillion in total investable wealth currently held on the African continent, and its millionaire population is set to rise by 65% over the next 10 years. This is according to the 2024 Africa Wealth Report, published by Henley & Partners and wealth intelligence company New World Wealth. In its 9th edition, the latest report reveals that there are currently 135,200 high-net-worth individuals with a liquid investable […]

16 April, 2024