insert_link Local Criminals Threaten Customers into Sharing Passwords 19 January 2025 WINDHOEK, NAMIBIA— FNB notes with regret the rising instances of people being robbed of their funds while under threat of violence from criminals. Where such criminal incidents are reported, FNB undertakes rigorous investigation, partnering with law enforcement to ensure any information relative to these crimes is shared with investigators immediately. At FNB we are committed to ensuring the highest level of security for your accounts internally. As […] today20 January, 2025
insert_link Namibia Standard Bank Namibia Responds to Hacked Accounts and Unauthorised Transactions Standard Bank Namibia has confirmed that a number of its clients’ accounts were hacked, resulting in unauthorized debit card transactions from a specific vendor. The bank issued a statement acknowledging the breach and stated that it had detected the fraudulent activity on a limited number of accounts. The allegations began circulating on social media on Sunday evening. In response, the bank has engaged with affected customers and taken immediate corrective […] today12 November, 2024
insert_link Business / Economics FNB launches real-time cross-border payments FNB has teamed with BankservAfrica to offer near real-time cross-border payments within the Common Monetary Area, covering Namibia, South Africa, Lesotho, and Eswatini. FNB clients can now transfer up to N$ 25 thousand instantly, 24 hours per day, across borders with enhanced security and lower costs. The move aligns with regulatory compliance under Namibia’s grey-listing status. today7 November, 2024
insert_link Opinion Pieces Stakeholder contribution towards pension fund operational efficiency Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […] today17 September, 2024
insert_link World UK’s Sunak to unveil tax-cutting manifesto By James PHEBY British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […] today11 June, 2024
insert_link Business / Economics Agribank introduces credit life insurance product The Agricultural Bank of Namibia (Agribank) is pleased to announce the introduction of a Credit Life Insurance product, effective 1 June 2024. The Credit Life Insurance serves as a financial security and protection against unforeseen events, tailored exclusively for Agribank clients. The Agribank credit life insurance offers benefits beyond covering death and protecting a client’s estate. If a client becomes permanently or temporarily disabled, is diagnosed with […] today30 May, 2024
insert_link Namibia BON PSD-9 Directive: The cross-border payment system’s anatomy and operations Opinion Piece By Josef Kefas Sheehama Even though it usually causes people to feel more nervous, it's critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April 15, 2024. The Bank of Namibia's most recent directive has extended […] today16 April, 2024
insert_link Africa Victims of Jammeh’s Barbaric Rule in Gambia Still Hope for Solace and Money Gambia, a tiny country of 2.6 million tightly knit people, located right in the middle of Senegal in West Africa, is still struggling to recover from the brutal 22-year authoritarian reign of Yahya Jammeh. He was the longtime former president who fled the country in 2016 to nearby Equatorial Guinea after he lost re-election and regional states forced him from power. A range of United Nations agencies and bodies […] today28 March, 2024
insert_link Business / Economics Financial Planning for Namibia’s Millennials By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […] today28 March, 2024
