Some residents of Katima Mulilo have expressed their dismay at the sudden price hike of the MTC recharge vouchers they buy from street vendors. They complain that the N$5 recharge voucher now sells for N$6, while N$10 recharge vouchers are now purchased at N$12. These changes have been in effect since Tuesday in most quarters […]
In less than a decade, Namibia has made significant strides in financial inclusion, the statistics improving from 51% to 78%. This progress, driven by the Namibia Financial Sector Strategy, launched in 2012, reflects a strong commitment to expanding access to financial services across the country. Finance Minister Iipumbu Shimii revealed this at the launch of […]
The Bank of Namibia has reiterated its vision to guide the country into a new financial era, one that embraces cutting-edge technology while ensuring stability and trust in the system. This forward-looking approach was outlined by Governor Johannes !Gawaxab during a public lecture in Windhoek, where he addressed the theme of modernising Namibia’s financial landscape […]
The Bank of Namibia has reiterated its vision to guide the country into a new financial era, one that embraces cutting-edge technology while ensuring stability and trust in the system. This forward-looking approach was outlined by Governor Johannes !Gawaxab during a public lecture in Windhoek, where he addressed the theme of modernising Namibia’s financial landscape […]
The Namibia Ports Authority (Namport) celebrated a major milestone—its 30th anniversary—highlighting its local and international achievements, as well as its significant contributions to the country’s economic development and growth. Namport, founded in 1994, has grown significantly over the last 30 years, going from having N$93 million in assets to N$6.9 billion currently. The number of […]
The Bank of Namibia has granted provisional authorization to Access Bank Namibia to prepare for conducting banking operations in the country. This decision, effective from October 4, 2024, allows Access Bank Namibia six months to meet all regulatory conditions required for full authorisation under the Banking Institutions Act of 2023. During this provisional period, Access […]
The National Petroleum Corporation of Namibia (NAMCOR) has addressed its internal and external challenges to build a stronger, more resilient company. NAMCOR, in a press release, says it has successfully taken major steps to turn around the company’s performance, foster accountability, and create a culture of excellence. The company says it has introduced a trading […]
Namibia’s export earnings stood at N$8.7 billion in August this year. This figure represents a decline of 12.7% from N$10 billion recorded in July 2024. The import bill for the month under review stood at N$12.3 billion. This is an increase of 1.9% from N$12 billion recorded during the preceding month. These figures are contained in the […]
A significant portion of Namibians are hesitant to invest, and many who can invest avoid taking risks. This is contained in the 2023 Old Mutual Financial Services Monitor (OMFSM) availed to Nampa on Monday, which indicates that 37% of Namibians are unwilling to engage in any investment risks. This cautious approach is particularly common among […]
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has resolved 268 complaints of the 691. This is contained in the 2023/2024 annual report. With different markets emerging every day and microlenders on the rise, NAMFISA was able to resolve over 620 cases. This represents a decrease in the resolution rate, compared with 95% in 2022. The […]
