insert_link Business / Economics Banking Leaders Chart the Future at CEO Roundtable The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability. today21 February, 2025
insert_link Business / Economics Bank of Namibia Affirms Financial Stability Following Recent Review Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations, shared updates from the Bank of Namibia’s Macro Prudential Oversight Committee. After their December 5th meeting, she confirmed that the financial system remains stable, with both banking and non-banking sectors maintaining sufficient capital and liquidity to handle potential losses. today13 December, 2024
insert_link Business / Economics In S.A, Financial Stability Review Highlights Growing Strain on Households S.A's Reserve Bank's latest Financial Stability Review reveals growing financial stress among households and small-to-medium enterprises. High interest rates, ageing global conflicts, infrastructure failures, and South Africa's graylist status contribute to the strain. Reserve Bank’s head of financial stability department Nicola Brink, says non-performing loans surged from 257-billion-rand in March 2023 to 304-billion-rand in July 2024: today2 December, 2024
insert_link Local BANK OF NAMIBIA WARNS PUBLIC AGAINST FRAUDULENT INVESTMENT SCHEMES The Bank of Namibia has noted with increasing concern the rise of fraudulent investment schemes that falsely promise financial backing for Namibia’s development initiatives. These schemes are particularly aimed at high-ranking government officials, ministries, traditional leaders, and prominent public figures, exploiting their reputations to lend credibility to deceptive offers. Recently, the Bank has observed that prominent religious and traditional leaders, as well as church elders, are also approached […] today23 October, 2024
insert_link South Africa South Africa is changing its retirement rules to help boost country savings: how it will work By Adrian Saville, University of Pretoria A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households - in other words you and me - are one of the most important contributors to a country’s overall level of savings rate. Yet, […] today29 July, 2024
insert_link Opinion Pieces Breaking Down Barriers to Life Insurance By Dinah Tjahere, Broker Consultant, Old Mutual Namibia Life insurance is generally perceived as a matter designated for the financially savvy. However, it is a key tool for financial stability that provides everyone with peace of mind. Unfortunately, many people, particularly those in underprivileged communities, struggle to obtain life insurance. These hurdles can stem from a combination of misunderstandings and constraints on traditional financial resources. A […] today25 July, 2024
insert_link Business / Economics Domestic financial system shows stability: BoN The Bank of Namibia's Macroprudential Oversight Committee (MOC) has found that Namibia's domestic financial system is stable, sound, and resilient. According to the BoN’s Deputy Governor, Leonie Dunn in a recent statement, this is despite rising vulnerabilities and risks, particularly concerns around elevated non-performing loans. She said the committee at its first meeting of the year, held last week to assess potential risks and vulnerabilities in the […] today15 July, 2024
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 […] today3 July, 2024
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 […] today29 April, 2024
