Finance

Finance (607)

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The Bank of Namibia says private sector loans increased by N$1.78 billion to N$116.2 billion in April.

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Namibia has begun engaging lenders such as the European Investment Bank and Climate Fund Managers amid plans to issue a Green Bond to raise funds to finance projects that use renewable energy to manufacture hydrogen for export.

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The Namibia Revenue Agency (NamRA) has extended its modified tax relief programme by another year to help taxpayers boost their operations which were significantly decimated by the coronavirus pandemic.

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Economic advisory firm Simonis Storm says the newly launched Welwitschia Sovereign Wealth Fund could be abused if no proper guidelines are put in place.

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French development agency, Agence Française de Développement (AFD) and the Development Bank of Namibia (DBN) have signed a N$5.03 million (€300,000) funding agreement.

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The Government Institutions Pension Fund (GIPF) will have to wait a little longer before it starts receiving its settlement payout from funds invested in troubled Steinhoff International Holdings.

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Old Mutual Investment Group Namibia has announced the successful completion of the Tunga Real Estate Fund financed 180-unit KwaNkomo housing project in Kuisebmund, Walvis Bay in the Erongo region.

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Namibia will see another interest rate hike next month, although the increase could be higher than previously forecast, economic analysts have predicted.

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The Development Bank of Namibia (DBN) says Namibia’s SME sector still faces greater challenges that impact its growth and development, rather than the Bank’s delayed implementation of its Venture Capital Fund (VCF).

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The Bank of Namibia (BoN) has announced the appointment of Herman Shilongo to the Namibia Deposit Guarantee Authority board for a period of five years and Florette Nakusera as administration head.

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