insert_link 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 […] todaySeptember 30, 2024 12
insert_link Local Bank Windhoek launches mass market solution, Selekt Red Recognising hard-working individuals of all ages and diverse cultures who want to lead better lives and aspire to success, Bank Windhoek will launch the Selekt Red offering on Friday, 20 September 2024. The launch of Selekt Red is the Bank’s value proposition within Namibia’s retail mass segment, emphasising that the Bank is mindful of Namibians and their financial challenges and needs. Backed up by the Bank’s research with […] todaySeptember 19, 2024 8
insert_link Local Bank Windhoek maintains high customer satisfaction standards Bank Windhoek has again demonstrated its commitment to exceptional customer service by achieving outstanding results in an independent third party's annual Customer Satisfaction Survey exercise, which took place in July 2024. The survey revealed an overall satisfaction score and ease of doing business rating of 77%, while brand affinity reached an impressive 84%. In 2023, the Bank’s satisfaction survey rating was 76%. The survey results showed that Bank […] todaySeptember 2, 2024 8
insert_link Local Letshego Holdings Namibia Announces Reduction in Lending Rates In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024. Letshego Bank • Prime rates reduce from 11,5% to 11,25% • Home loan rates reduce from 12,5% to 12,25% Letshego Micro Financial Services Namibia • The […] todayAugust 23, 2024 39
insert_link Local Groundbreaking ceremony marks a milestone in Capricorn Group’s journey of positive change Capricorn Group marked a historic milestone on August 20 with the commencement of construction for a significant new development in Windhoek's central business district. Located next to the Capricorn Group building at the corner of Independence Avenue and Kasino Street, the groundbreaking ceremony represents a transformative journey for the Group’s employees, customers, and the surrounding business community. It also signifies Capricorn Group’s commitment to contributing meaningfully to the […] todayAugust 20, 2024 11
insert_link Local Bank of Namibia launches industry kick-off for instant payment programme The Bank of Namibia recently hosted the industry kick-off for the Instant Payment Programme (IPP), a transformative initiative aimed at enhancing financial inclusion and accessibility across the country. Mr. Marsorry Ickua, Officer in Charge at the Bank of Namibia, officiated at the event, highlighting the IPP’s commitment to inclusivity. The Instant Payment Solution is designed to be accessible on any device, including non-smartphones, ensuring that […] todayJuly 1, 2024 19
insert_link Africa Mauritius’ next growth phase: a new plan is needed as the tax haven era fades By Pritish Behuria, University of Manchester Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the country’s economic growth has depended heavily on its offshore sector – the provision of financial services by banks to foreign firms. As an isolated country located in the south-western Indian Ocean, Mauritius has […] todayJune 18, 2024 18
insert_link Local It is possible to love a bank – Hans On Wednesday 12 June 2024, Bank Windhoek’s Managing Director, Baronice Hans, said that as a Namibian-owned financial institution, Bank Windhoek’s responsibility extends beyond financial services and strives towards the betterment of Namibia through presence and corporate social responsibility. Hans delivered the statement at the launch of the Bank’s new brand campaign titled “Is it possible to love a Bank?”, hosted at Grove Mall in Windhoek. The key […] todayJune 14, 2024 8
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 29
