Finance

Finance (607)

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The Development Bank of Namibia (DBN) has to date funded renewable projects in the country valued at N$1.231 billion.

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Finance minister Ipumbu Shiimi on Thursday said the government is pulling all stops, including drafting relevant legislation, to ensure that the country’s Sovereign Wealth Fund is put to good use.

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Benchmark Retirement Fund (BRF) is now the third largest pensions administrator in Namibia after its assets breached the N$5 billion mark in February this year, The Brief can reveal.

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When people enter into long-term relationships, they often embrace a ‘what’s mine is yours’ approach to sharing their lives with each other.

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The European Union (EU) has committed to help Namibia benefit from the N$2.6 trillion (€150 billion) EU Global Gateway investment package announced in February at the AU-EU Summit.

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The Bank of Namibia and the Ministry of Finance will officially launch Namibia’s Sovereign Wealth Fund on the 12th May 2022.

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The Bank of Namibia (BoN) says it is currently exploring alternative means of facilitating payments to Russia after some of the Russian banks were expelled from the SWIFT payment platform as part of global sanctions for the on-going Ukraine conflict.

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Pan-African microlender Letshego has parted ways with its Group CEO and Executive Director Andrew Okai.

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The Namibia Financial Institutions Supervisory Authority (NAMFISA) has appointed Johannes Smit Deputy Chief Executive Officer: Market Conduct and Operations with effect from the 1st of May 2022.

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The Namibia Revenue Agency (NamRA) collected over N$60.5 billion in the last financial year ended 31 March 2022, surpassing its collection target of N$49.4 billion for the period.

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