Finance

Finance (607)

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Students who owe the Namibia Student Financial Assistance Fund (NSFAF) over N$2.6 billion in interest accrued on overdue student loans of N$5.2 billion will heave a sigh of relief after the fund decided to write-off the growing debt.

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It is no secret that poor economic conditions and COVID-19 have a significant impact on business cash flow. Debtor difficulties have been a significant root of the problem, as business closures have been widely reported. As a result, running a business has become even more challenging, necessitating participation in cash flow management programs. 

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The Bank of Namibia is set to explore Ghana’s financial inclusion strategy, with the aim of implementing some of the measures in rural areas across the country.

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Old Mutual Namibia hosted its 12th annual Women's Summit, under the theme “Securing your Financial Future" and saw over 140 women in attendance.

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The Government Institutions Pension Fund (GIPF) has recorded a surplus of N$16.5 billion according to an Actuarial Valuation Report released on Friday.

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The Bank of Namibia and the Bank of Botswana have renewed their cooperation following a visit by Johannes !Gawaxab, Governor of the Bank.

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The Bank of Namibia says financial institutions in the country have N$485 million in unallocated funds belonging to various clients, including cash sitting in dormant accounts.

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The recent news of Revlon filing for bankruptcy this week came as a surprise to many, given that it is a well-established brand that was able to withstand competition over past years.

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The Retirement Fund For Local Authorities and Utility Services in Namibia (RFLAUN) says government is still moving ahead with the promulgation of the Financial Institutions and Markets Act (FIMA) on the 1st of October 2022 despite Finance minister Ipumbu Shiimi having announced a postponement.

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Capricorn Private Wealth (CPW) hosted an exclusive stakeholder event for its female clients.

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