NEWS

17 01, 2019

NAMPORT WELCOMES 5 PASSENGER LINERS TO THE PORT OF WALVIS BAY

2019-01-17T12:36:04+00:00 January 17th, 2019|NEWS|

The Namibian Ports Authority is proud to host five cruise passenger liners during January 2019. This will be the first time in the history of the port that three passenger vessels will be alongside simultaneously. The first vessel, Aida Aura expected date of arrival the 15th January 2019 and the MSC Musica, Nautica and [...]

16 01, 2019

MICROLENDING BILL

2019-01-16T08:44:35+00:00 January 16th, 2019|NEWS|

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 [...]

15 01, 2019

SMEs ADVISED TO BORROW WISELY FOR EFFECTIVE ASSETS AND OPERATIONS

2019-01-15T13:48:57+00:00 January 15th, 2019|NEWS|

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 [...]

15 01, 2019

CURRENT CHALLENGES FACED BY NEW SME’s

2019-01-15T13:36:04+00:00 January 15th, 2019|NEWS|

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 [...]

11 12, 2018

BANK WINDHOEK ANNOUNCES PHASING OUT OF CHEQUES

2018-12-11T13:49:26+00:00 December 11th, 2018|NEWS|

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 [...]

10 12, 2018

BANK WINDHOEK ISSUES FIRST GREEN BOND

2018-12-10T09:25:26+00:00 December 10th, 2018|NEWS|

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 [...]

10 12, 2018

NAMIBIAN IS AS NAMIBIAN DOES – FNB LAUNCHES ITS 111 ACTS OF KINDNESS IN ITS 111TH YEAR OF NAMIBIAN FINANCIAL SERVICES.

2018-12-10T08:32:48+00:00 December 10th, 2018|NEWS|

‘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 [...]

4 12, 2018

BANK WINDHOEK SWAMPS THE COAST WITH FESTIVITIES

2018-12-04T13:50:14+00:00 December 4th, 2018|NEWS|

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 [...]

4 12, 2018

NAMPOWER DECLARES A DIVIDEND OF N$60.7 MILLION

2018-12-04T13:28:57+00:00 December 4th, 2018|NEWS|

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 [...]