The Bank of Namibia (BoN) is cautioning members of the public against hoarding coins. Coin hoarding is when an individual keeps a massive amount of coins at home instead of trading them in with the banks for notes. The Director of Currency Management and Banking Operations at the Bank of Namibia, Sencia Kaizemi-Rukata, sat down […]
Financial crimes are mostly associated with money laundering and illegally acquired assets that help one receive proceeds that can be made to appear legitimate. Namibia is no stranger to financial crimes, as some people in the country have been arrested for money laundering, dealing with drugs, and environmental crimes. Financial crimes are often associated with […]
The Zambezi Bream Festival and Expo, aimed at uniting different communities, promoting local businesses, and supporting economic growth while allowing local vendors the opportunity to sell their products and services, is underway at Katima Mulilo. Zambezi Governor Alufea Sampofu said the exhibition is a tribute to the hard work and dedication of fishermen and women […]
Some vendors from Rundu Open Market admitted that even though they are entrepreneurs, they still lack financial discipline. This realisation prompted Prince and Pemba Investments, a local business, to provide the vendors with financial management skills for free. The Rundu Open Market is full of activities with vendors selling a variety of goods and services. […]
Namibia’s fuel, wood, and charcoal exports generated over N$102 billion last year, and the Ministry of Environment, Forestry, and Tourism is satisfied with the recent growth in the biomass sector. Minister Pohamba Shifeta remarked on this at the opening of the Standard Bank Biomass Fair at Otjiwarongo. The charcoal industry is among the more mature […]
Namibian entrepreneurs are urged to take advantage of the newly introduced Mining Inputs Database to discover business prospects within the sector. The database was launched at the mining expo and conference held in the capital. The Mining Inputs Database will create opportunities for entrepreneurs to engage in the mining sector by offering the necessary services […]
The just-ended Mining Expo and Conference has shown the immense potential and vastness of the mining industry in the country. nbc News spoke to some exhibitors who highlighted the importance of the expo. The Mining Expo and Conference attracted close to 200 exhibitors and international guests. The expo also provided opportunities for various SMEs, with […]
The Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB) has expressed discontent over Namibia’s performance in the 2023 Fraser Institute Annual Survey of Mining Companies. Nangula Uaandja called on mining companies to work with NIPDB to improve Namibia’s ranking by Fraser. The 2023 Fraser Institute Survey of Mining Companies covered 86 […]
Financial crime poses a significant risk to the financial sector in Namibia while damaging the stability of the economy. These sentiments emerged during the first-ever Anti-Financial Crime Conference in Windhoek. As a result of financial crime issues, Namibia was graylisted by the Financial Action Task Force (FATF) and placed under increased monitoring. A local commercial […]
Some street vendors around the Northern Industrial area in Windhoek have expressed concern over a decline in business activity during the winter, while others see it as a golden opportunity and take advantage of the season’s cravings to serve up hearty meals. Lack of customers during the winter is a reality for 50-year-old Gebhard Sakaria, […]
