insert_link Namibia GIPF assures members homes are safe under pension-backed housing scheme Photo contributed The Government Institutions Pension Fund (GIPF) has reassured its members that they will not lose their homes if they are unable to fully repay loans under its new pension-backed housing finance scheme. The assurance follows concerns that the initiative could expose retirees to the risk of property repossession. GIPF chief executive Martin Inkumbi says the structure of the scheme is designed to protect members’ primary residences while remaining […] today20 January, 2026
insert_link Business / Economics Standard Bank Warns of Rilide Malware Threat Standard Bank Namibia has alerted customers to a rise in Rilide malware attacks targeting online banking, which can steal login credentials and intercept one-time passwords. Colanè Esterhuizen-Andreas, the bank’s forensic services manager, urged clients to stay vigilant, avoid suspicious links and unverified browser extensions, and report any unusual activity immediately. today17 December, 2025
insert_link Business / Economics Telecom Namibia Probes Mobile Banking Allegations Telecom Namibia says it is aware of a statement circulating on social media alleging irregularities linked to a mobile banking transaction involving one of its mobile numbers. Acting Head of Corporate Communication and Public Relations, Ndapewa Neshila, says the company is treating the claims seriously and is working with internal teams and external partners, including banks, to fully investigate the matter. today15 December, 2025
insert_link Interview Transcripts Interview: Business Expert Josef Sheehama Backs Pension Access to Ease Government worker Debt Business expert Josef Sheehama has highlighted the urgent need for government employees to access their pension funds to settle mounting debt, citing the pressures of the current economic climate and rising financial distress among public servants. Speaking in an interview, Sheehama noted that excessive debt has been linked to mental health challenges and, in some cases, even suicides. Sheehama expressed support for government initiatives such as the pension-backed home loan scheme, […] today13 October, 2025
insert_link Namibia Calls for stronger oversight in Sovereign Wealth Fund WINDHOEK, 13 March – The Welwitschia Sovereign Wealth Fund, launched in May 2022, is making financial progress but concerns over governance and transparency remain. The Executive Director of the Institute for Public Policy Research (IPPR), Graham Hopwood has urged greater clarity on how the fund is managed, particularly in the absence of a finalised bill to regulate it. While the Bank of Namibia has reported an increase in the […] today13 March, 2025
insert_link 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. today7 March, 2025
Namibia MPs Debate Pension Fund Reforms Lawmakers are actively reviewing proposed amendments to the Members of Parliament and Other Office Bearers Pension Fund. The discussion is focusing on enhancing financial security for public office holders and ensuring sustainability. Some MPs are arguing for increased contributions, while others are raising concerns about fiscal responsibility. The reforms aim to balance long-term benefits with economic realities. A final decision is set to be made after further consultations. today6 March, 2025
insert_link Namibia GIPF urges pensioners and beneficiaries to complete biometric verification The Government Institutions Pension Fund (GIPF) has issued a reminder to all pensioners, children, and spousal beneficiaries to complete their Biometric Verification (proof of life) for the period ending 30 June 2025. Beneficiaries can visit their nearest GIPF office or use the GIPF mobile verification app to ensure uninterrupted benefit payments. Biometric verification is a crucial process that ensures pension payments are made to the rightful recipients. GIPF GM: Marketing […] today6 March, 2025
insert_link Business / Economics FNB Namibia freezes accounts over KYC non-compliance The First National Bank (FNB) Namibia has started freezing the accounts of customers who fail to comply with Know Your Customer (KYC) regulations, leaving some clients frustrated over the lack of access to their funds. The move is part of the bank’s obligation to adhere to the Financial Intelligence Act and other regulatory requirements aimed at preventing financial crimes. FNB Namibia’s spokesperson, Kirsty Watermeyer, said that freezing accounts […] today28 February, 2025
