What is the Microlending Act? The Microlending Act, 2018 (Act No. 7 of 2018) (“the Act”) is an Act of Parliament, which came into force on 15 October 2018. The main purpose of the Act is to regulate and supervise microlending business in Namibia, to establish an effective and consistent enforcement framework relating to [...]
Jerome Mutumba, Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication says that as the economy begins to improve entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow. However, he says, confidence should walk hand in hand with responsible borrowing. Responsible borrowing, Mutumba says, takes [...]
As the Namibian economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night. Sam Ikela, Head of SMEs at FNB Business says, “despite the resilience of the SME sector; new franchisees are cautiously observing the economic headwinds and their anticipated impact [...]
The holiday season is over; and as we head back to work and start the new school year, we need to relook our budgets; given that pay day is still weeks away. The festive month-long holiday with family and friends was great but now consumers need to plan for the year ahead. January is [...]
Bank Windhoek hereby announces that the final cut-off date for processing of cheques as a means of payment will be 30 June 2019. “This is to meet the Namibian banking industry deadline of 30 June 2019 for all cheques to be phased out. As a result, no cheques will be accepted or processed at [...]
Bank Windhoek, a wholly Namibian-owned commercial bank, reached a milestone on Wednesday, 5 December 2018 when it announced the successful issuance of Namibia’s first Green Bond. This achievement positions Bank Windhoek as the first commercial Bank to issue a Green Bond not only domestically but across the Southern African region. The Green Bond is [...]
‘FNB Namibia has a presence throughout the country, providing multifaceted financial services to the Namibian nation for more than 111 years’, says Tracy Eagles, Chief Marketing Officer for the FirstRand Namibia group. Wherever you go, ‘how can we help you’ has translated to financial literacy, transactional opportunities, credit and financing of dreams, projects and [...]
Bank Windhoek is proud to again host the annual Summer Festival this holiday season for visitors to the coast. The Bank Windhoek Summer Festival is set to take place from Friday, 7 until Saturday, 22 December 2018. As sponsor, the Bank has lined up entertainment and activities for every holiday maker who plans on [...]
The government received a financial contribution this week in the form of N$60.7 million dividends for the financial year, ended 30 June 2018 from its parastatal, NamPower. “As a commercial state-owned enterprise, we subscribe to the principles of performance and good governance. We also believe that the government, like any other shareholder, should achieve both [...]
Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group – once again receives international recognition for world-class quality. Its premium beer brand, Windhoek Draught has been awarded a bronze medal at the annual 2018 European Beer Star Award ceremony that took place recently in Nuremberg, Germany. The European Beer [...]
