insert_link Namibia Namfisa to host 2024 Sub-Saharan insurance regulators Namibia will host insurance regulators from across Africa for the 2024 International Association of Insurance Supervisors Sub-Saharan Regional Seminar, to be held in Windhoek from 27 to 31 May 2024. With the overarching goal of advancing sustainability, inclusivity, and resilience in the insurance industry, the seminar will focus on capacity building and will also delve into various gaps that hinder the progress and sustainability of the insurance industry. These include […] todayMay 14, 2024 32
insert_link Local Bank of Namibia launches the instant payment project to enhance financial inclusion. The Bank of Namibia today officially launched the Instant Payment Project, a pioneering initiative set to revolutionize financial services across Namibia. With a targeted official launch year of 2025, the project aims to significantly broaden financial inclusion by providing essential and affordable financial services to all whilst focusing on the rural and informal sectors which face logistical and financial challenges in accessing conventional banking services. In 2023, the […] todayApril 26, 2024 28
insert_link Local Bank of Namibia strengthens collaboration with central banks in the region The governor of the Bank of Namibia, Mr. Johannes !Gawaxab, recently embarked on a diplomatic visit to foster enhanced collaboration and cooperation with central banks in the region. Accompanied by a technical team from the bank’s financial markets, strategy, projects & transformation, research, and international relations departments, the governor visited the Bank of Ghana, the Reserve Bank of Zimbabwe, and the Bank of Botswana at the end of […] todayApril 24, 2024 10
insert_link World Development finance: how it works, where it goes, why it’s needed By Abdul Latif Alhassan, University of Cape Town and Bomikazi Zeka, University of Canberra Development finance is the invisible glue that connects public and private financing for projects that have social, economic and environmental outcomes. These include improved infrastructure, better waste management and sanitation, financial inclusion, clean energy and sustainable agriculture. The goal of development finance is to create positive social, economic or environmental outcomes through […] todayApril 17, 2024 39
insert_link Local Governor! Gawaxab champions economic resilience and financial innovation at 2024 Cirrus investor conference The Bank of Namibia, participated in the 5th edition of the Cirrus Investor Conference. Taking place in Swakopmund between 9-10 April 2024, the conference drew development finance institutions, institutional asset managers, listed companies, state-owned enterprises, and Government Ministries, offices and agencies together to connect Namibian securities issuers and potential issuers, with investors from around the world. Speaking at the event, the Governor of the Bank, Mr. Johannes !Gawaxab provided […] todayApril 10, 2024 5
insert_link Africa Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential Data-Driven Transparency and Compliance in the Digital Financial Ecosystem in Africa. In an era defined by digital transformation, data has become the cornerstone of innovation and progress, particularly within Africa's burgeoning financial landscape. With Sub-Saharan Africa spearheading the global adoption of Mobile Money, boasting over 218 million active accounts according to GSMA's State of the Industry Report on Mobile Money 2023, the region stands poised to leverage […] todayFebruary 20, 2024 9
insert_link Africa Nigerian E-payments eclipse South Africa’s 2022 GDP, in latest surge When the Nigerian Central Bank introduced newly designed currency notes in November 2022 and a month later put a cap on the maximum amount of hard cash that individuals and corporations could withdraw, the idea was to tame money laundering in the country. During that year’s Christmas festive season and in the run-up to the 2023 Nigerian presidential election in February 2023 –– two high spending seasons –– the country […] todayFebruary 15, 2024 10
Africa Africa’s cashless revolution is on, banking on virtual cards By Bonface Orucho, bird story agency International card companies are vying for Africa's fast-evolving electronic payments market as middle-class incomes rise and the quest for cashless transactions intensifies. UnionPay International, a subsidiary of China's Union Pay, is the latest entrant in the African card payments market, warming up to face-off with Visa and Mastercard. Notably, UnionPay International is partnering with the Standard Bank Group, the largest bank in […] todayJanuary 23, 2024 19
insert_link Local The Agriculture Bank of Namibia and KfW Development Bank collaborate to support Namibian Farmers and MSMEs in the agriculture sector On 14 December 2023, the Agricultural Bank of Namibia (Agribank) and KfW Development Bank entered into a historic agreement, signing a first concessional loan of just over 400 million NAD. This collaboration aims to empower farmers operating in both communal and commercial, as well as other agricultural or food-processing MSMEs in Namibia. Agribank will on-lend the funds for the target group of small scale farmers as well as the […] todayDecember 15, 2023 13
