insert_link Business / Economics Bank Windhoek first to accept upgraded banknotes at ATMs Bank Windhoek has become the first financial institution in Namibia to allow cash deposits of the newly upgraded Namibia Dollar banknotes through its ATMs. This milestone supports the Bank of Namibia’s ongoing currency modernisation efforts introduced in 2025. Customers can now deposit the enhanced N$200, N$100, N$50, N$20, N$10, and commemorative N$30 banknotes at select Bank Windhoek ATMs across the country. The upgraded banknotes feature advanced security elements, including colour-shifting […] today29 January, 2026
insert_link Business / Economics Domestic Economy Expands 1.9 Percent in Q3 The domestic economy grew by 1.9 percent in the third quarter, slightly below last year’s 2.1 percent, driven mainly by a 4.1 percent rise in the services sector. Financial services and wholesale and retail trade supported growth, reflecting continued but moderate economic momentum. Economist Almandro Jansen commented on the latest figures. today23 December, 2025
insert_link Business / Economics Q3 Economic Growth Slows to 1.9% Economic growth for the third quarter slowed to 1.9 percent from 2.1 percent last year, driven by the services sector—including financial services, trade, education, and health—and supported by strong electricity and water output, as per the Statistics Agency. Agriculture and mining fell, investment declined, but household and government spending increased, while faster export growth narrowed the trade deficit, the NSA’s Mirjam Shihepo: today19 December, 2025
insert_link Namibia Namibia Statistics Agency launches nationwide financial inclusion survey The Namibia Statistics Agency (NSA) has launched a nationwide Financial Inclusion Survey to map how Namibians access and use financial services. Running until 4 November, the survey covers all 14 regions, collecting data on banking, insurance, loans, and savings practices across the country. Dr. Paula Ingo, Executive for Demographic and Social Statistics and Financial Inclusion Project Manager at the NSA, highlighted the importance of the survey in supporting evidence-based planning […] today7 October, 2025
insert_link Business / Economics Alexforbes Namibia names new managing directors Alexforbes House, Windhoek Alexforbes Namibia has announced leadership changes across its group of companies to strengthen its operational efficiency and its position as a leading investment destination. The information was disclosed in a media release dated 9 May 2025. According to the statement, the new appointments, which took effect on 1 April 2025, are part of an organisational restructure designed to deliver better outcomes for clients. These changes include the […] today10 May, 2025
insert_link South Africa ANC has expressed concern over the potential liquidation of Ithala Bank In South Africa, the ANC has expressed concern over the potential liquidation of Ithala Bank, warning that it could threaten over 400 jobs and disrupt financial services for rural communities, small businesses, and churches in KwaZulu-Natal. During the national executive committee meeting in Boksburg over the weekend, the party reaffirmed its commitment to financial inclusion and economic justice. ANC secretary general Fikile Mbalula urged the government to expedite efforts […] today21 January, 2025
insert_link Local BANK OF NAMIBIA AND COMMUNICATIONS REGULATORY AUTHORITY OF NAMIBIA SIGN MEMORANDUM OF UNDERSTANDING TO ENHANCE REGULATORY COOPERATION The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have formalised their cooperation with the signing of a Memorandum of Understanding (MoU) in Windhoek. This MoU strengthens collaboration between the two regulators, reinforcing their commitment to the effective regulation of the telecommunication and financial sectors in Namibia. BoN, established under the Bank of Namibia Act, (No. 1 of 2020), is tasked with promoting monetary stability, […] today6 December, 2024
insert_link Business / Economics Letshego Holdings Namibia Appoints New Head of Credit Letshego Holdings Namibia has announced the appointment of Herwin Tsowaseb as its new Head of Credit, effective 15 November 2024. With over a decade of experience in credit evaluation and financial management, Herwin will contribute to advancing financial inclusion and sustainable growth. His appointment strengthens the company’s efforts to empower customers and enhance its market position. today21 November, 2024
insert_link Local Old Mutual Rewards Partners with MTC: Members Can Now Redeem Points for Airtime Wednesday, 20 November 2024 - Old Mutual Namibia is pleased to announce a revolutionary partnership with MTC whereby members of the Old Mutual Rewards programme will be able to redeem their Rewards points for airtime. This is a significant step in Old Mutual Namibia’s drive to add value and convenience to their Rewards membership by integrating day-to-day needs seamlessly into the rewards experience. The Old Mutual Rewards programme is […] today21 November, 2024
