NSX Unveils New Brand Identity and Celebrates Scholars Competition Winners

Windhoek, Namibia — It is with great excitement and pride that the Namibia Securities Exchange (NSX) announces its official rebranding and the conclusion of this year’s Scholars Competition, NSIC 2024. The event, held on 15 November 2024, marks a pivotal transformation for the NSX, as it not only unveiled a fresh new look but also celebrated the exceptional achievements of Namibia’s brightest young minds. NSX Rebrand: A Bold Step Toward […]

November 20, 2024 8

Business / Economics

Bank of Namibia Issues Warning on Fraudulent Investment Schemes

The Bank of Namibia has raised alarms about an increase in fraudulent investment schemes that falsely promise financial support for the nation’s development initiatives. These scams primarily target high-ranking government officials and traditional leaders, exploiting their reputations to gain credibility. The Bank has also observed that religious and traditional leaders are being approached to promote these deceptive schemes within their communities, further misleading the public. The regulator's Josefina Oskar:

October 23, 2024 25

Business / Economics

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

September 30, 2024 23

Business / Economics

New Bank of Namibia bonds expected to improve financial access

The Bank of Namibia is preparing to introduce the country’s first retail bonds, allowing low to medium-income earners to invest in government debt. According to Max Rix, Head of Investments at Simonis Storm Securities, this initiative could broaden financial inclusion and promote financial literacy among Namibians.

August 29, 2024 109

Opinion Pieces

Letshego Namibia and FLI Empowers Communities Through Financial Literacy at OATF

Letshego Holdings Namibia, in partnership with the Financial Literacy Initiative (FLI), is set to make a significant impact at the 2024 Ongwediva Annual Trade Fair (OATF) by offering free financial literacy sessions to the public. From 24 to 29 August 2024, visitors to the Letshego stand will have the opportunity to learn essential money management skills, explore various financial products, and gain insights into achieving their financial goals. Recognizing […]

August 22, 2024 18

Opinion Pieces

Breaking Down Barriers to Life Insurance

By Dinah Tjahere, Broker Consultant, Old Mutual Namibia Life insurance is generally perceived as a matter designated for the financially savvy. However, it is a key tool for financial stability that provides everyone with peace of mind. Unfortunately, many people, particularly those in underprivileged communities, struggle to obtain life insurance. These hurdles can stem from a combination of misunderstandings and constraints on traditional financial resources. A […]

July 25, 2024 15

Local

Bank Windhoek, City of Windhoek celebrate MSME Day with entrepreneurs

Celebrated annually on 27 June is Micro, Small and Medium Enterprises (MSME) Day, designated by the United Nations to highlight the potential of micro, small and medium-sized enterprises to transform economies, foster job creation and promote equitable economic growth. Bank Windhoek’s Head of SME, Financial and Data Analytics, Bianca Janse Van Vuuren, highlighted that SMEs are the backbone of Namibia’s economy, driving innovation, creating jobs, and […]

June 26, 2024 21

Local

Capricorn Group Changemakers donate winter items to vulnerable senior citizens

On Friday, 21 June, Capricorn Group employees, in their role as Changemakers, demonstrated their commitment to making a positive impact in the community when they hosted a winter warmer event for vulnerable pensioners from Katutura Old Age Home and the Khomasdal Old Age Home. Changemakers donated winter items like knee blankets, socks, gloves, beanies, scarves and toiletries worth N$ 20 000.00. The employees further treated the elderly […]

June 24, 2024 13

Lifestyle

How do I plan for my retirement? Step one – start right away

By Bomikazi Zeka, University of Canberra Planning for retirement is important because it will help you build the nest egg you’ll need to financially sustain your retirement years. Past studies have shown that those who plan for their retirement are more likely to be better off at retirement compared to those don’t. The sooner the planning process gets underway, the better. This gives your money […]

May 24, 2024 20