insert_link Business / Economics FNB Namibia Offers Drought Relief Loans to Farmers FNB Namibia is stepping up to assist farmers affected by the ongoing drought in the country. In line with the Bank of Namibia’s recent policy changes, FNB is offering loan moratoriums, restructuring, and emergency funding under preferential terms to qualifying agricultural clients. These measures aim to provide financial relief to farmers until October 2026. CEO Sepo Haihambo emphasized that the bank is committed to supporting Namibia's agricultural sector, which is […] today5 December, 2024
insert_link Business / Economics Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo today4 December, 2024
insert_link Local 2024 Agra Annual General Meeting 29.11.2024 The Agra Annual General Meeting (AGM) was held on Friday, 29 November 2024, at the Agra/Bank Windhoek Ring. The meeting was attended by Agra shareholders, the Agra Board of Directors, and Management. Mr. Ryno van der Merwe, Chairman of the Board, commended the past year as the third-best financial performance in Agra's history. He acknowledged the challenges faced, noting that the severe drought forced many farmers to sell their […] today2 December, 2024
insert_link Local Inauguration of New UNAM Facilities in Katima Mulilo for Wildlife Management and Tourism Studies In the bilateral cooperation between the Governments of the Republic of Namibia and the Federal Republic of Germany, it was agreed, among others, to support the environment and tourism sector. Germany, through KfW Development Bank, provided financial support to extend the UNAM Katima Mulilo Campus. The cooperation included the development of related academic and research programs and the construction of the Department of Wildlife Management and Tourism Studies. On 5th […] today6 November, 2024
insert_link Namibia NAMDIA Launches Global Client Registration Campaign for Local Rough Diamonds NAMDIA has unveiled its New Client Registration campaign, which will run through January 31, 2025. The campaign is part of NAMDIA’s dedication to transparency and international growth, providing potential clients with an easy registration process on its website. NamDIA Chief Executive, Alisa Amupolo : today5 November, 2024
insert_link Business / Economics Swakop Uranium Contributes Over N$7.9 Billion to Namibian Economy in 2023 Swakop Uranium's Husab Mine significantly boosted the Namibian economy in 2023, contributing over N$7.9 billion through local procurement, taxes, and social investments as per The Brief. The company has created more than 6,000 jobs, engaging with over 400 local suppliers, with 62% of its spending directed towards Namibian-owned businesses. The report highlights Swakop Uranium's alignment with the country's National Development Agenda and the Global Sustainability Goals, according to Eliphas Hawala, […] today23 October, 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 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 […] today19 September, 2024
Local O&L group announces notice of termination of Pick n Pay Namibia franchise agreement The O&L Group, through WUM Properties (Pty) Ltd trading as Pick n Pay Namibia, owns and operates 19 Pick n Pay branded retail stores in Namibia under a franchise agreement with Pick n Pay South Africa (as franchisor). The O&L Group, through WUM Properties (Pty) Ltd, has given notice to terminate the franchise agreement with Pick n Pay South Africa by 30 June 2025. This strategic decision aligns […] today22 July, 2024
