insert_link Opinion Pieces Cultivating Careers though Financial Planning in Namibia By Ronny Shapumba, Development Manager, Personal Financial Advice, Old Mutual Namibia In today's ever-evolving economy, many individuals are on the lookout for careers that not only promise financial stability but also offer personal fulfilment and room for growth. One field that's been increasingly catching the eye of aspiring professionals in Namibia is financial planning. It's not just about numbers; it's about the potential to […] todayJuly 3, 2024 19
insert_link Namibia Government Institutions Pension Fund increases pension and disability income benefits The Government Institutions Pension Fund announced pension and disability income benefits increases. The Board of Trustees took this decision after a thorough actuarial due diligence process and in consideration of various factors such as the inflation rate, cost of living, reasonable benefit expectations of its active annuitants, affordability on the part of the Fund and the average annual return over the last five years, as well as the current and […] todayApril 29, 2024 26
insert_link Local Governor! Gawaxab champions economic resilience and financial innovation at 2024 Cirrus investor conference The Bank of Namibia, participated in the 5th edition of the Cirrus Investor Conference. Taking place in Swakopmund between 9-10 April 2024, the conference drew development finance institutions, institutional asset managers, listed companies, state-owned enterprises, and Government Ministries, offices and agencies together to connect Namibian securities issuers and potential issuers, with investors from around the world. Speaking at the event, the Governor of the Bank, Mr. Johannes !Gawaxab provided […] todayApril 10, 2024 3
insert_link Business / Economics What does an unchanged Repo rate mean to a GIPF member? By Amos Kambonde, Manager: Marketing services at the Government Institutions Pension Fund. Recently, consumers received positive news with the announcement of an unchanged repo rate alongside an unchanged in fuel prices across Namibia. While these developments may seem distant from the average person's daily concerns, they hold significant implications, particularly for members of the Government Institutions Pension Fund (GIPF). Let's delve into what these announcements mean for […] todayFebruary 20, 2024 7
insert_link Business / Economics Bank of Namibia expected to cut repo rate by 25bps as inflation cooling By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […] todayFebruary 13, 2024 35
insert_link South Africa South Africans are opting to go off-grid: how they’re being helped, and hindered, in their efforts By Germarié Viljoen, North-West University and Felix Dube, University of Pretoria Eskom, South Africa’s state-owned power utility, struggles to generate and supply a stable flow of electricity to meet demand. In 2023, there were times when households and businesses had no power for up to 11 hours a day. Eskom has warned that load shedding will be worse in 2024. The result is that many South Africans […] todayFebruary 2, 2024 12
insert_link Africa IMF working with several African countries https://youtu.be/c7ZwwF1-f84 The IMF is working with authorities in several African countries to provide help stabilizing their economies and financial situations spokesperson Julie Kozack told reporters Thursday (March 23) in Washington, DC. Ghana is seeking funding from the Fund with The West African country, struggling with its worst economic crisis in a generation. Ghana secured a staff-level agreement with the IMF in December for a $3 billion loan, but approval is contingent […] todayJanuary 12, 2024 22
insert_link Opinion Pieces Busting budget myths and unveiling practical budgeting By Mauriza Fredericks, Group Brand Manager, Old Mutual Namibia Budgeting, the art of managing your income and expenses effectively, is often perceived as a daunting task, shrouded in myths and misconceptions. However, budgeting is an essential tool for achieving financial stability and reaching your financial goals, whether it's saving for a dream home, funding your children's education, or simply enjoying peace of mind. Even though many people want to manage […] todayDecember 19, 2023 4
insert_link Local The Namibian financial system remains stable, sound, and resilient amidst a challenging global and domestic economic environment The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its second and last meeting of the year on the 07th of December 2023, to assess potential risks and vulnerabilities in the Namibian Financial System. Following a comprehensive assessment of domestic and global economic conditions, the Committee deemed the domestic financial system as stable, sound, and resilient. This is despite increasing risks and vulnerabilities stemming from […] todayDecember 12, 2023 5
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
