Finance

Finance (607)

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The festive season is once again upon us, and this time of year is synonymous with spending, as people travel for some time away or to be with their families. Unfortunately, this period is also rife with attempts to defraud unsuspecting consumers of their hard-earned money.

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The Government Institutions Pensions Fund (GIPF) says it has approved N$72 million to be invested towards the construction of an oxygen plant in the country.

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The Bank of Namibia has announced the appointment of  Dr. Emma Haiyambo as Director of Research and Financial Sector Development and Chief Economist, Florette Nakusera as Director of Financial Stability and Macroprudential Oversight.

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Old Mutual Namibia has sealed a N$700 million deal to acquire a controlling 63.8% interest in Vukile Property Fund’s Namibian portfolio.

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The Anti-Money Laundering and Combatting the Financing of Terrorist and Proliferation Council chaired by Bank of Namibia Governor Johannes !Gawaxab has appointed Gerrit Eiman as Acting Director of the Financial Intelligence Centre (FIC) following the appointment of Leonie Dunn as Second Deputy Governor of BoN.

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Eos Capital says it has so far raised N$90 million for its Euphrates Agri Fund, from a target of N$1 billion.

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The Government Institutions Pension Fund (GIPF) has revealed that it has to date invested over N$1.1 billion in various projects in the Otjozondjupa region.

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Standard Bank Namibia has opened its first in-store banking branches in the country that will operate outside normal working hours as the financial institution seeks to offer convenience to customers.

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RMB and FNB Namibia have won the Best Foreign Exchange Provider 2022 in Namibia – a first time for the country in this specific category after being named by Global Finance magazine its 22nd  annual World’s Best Foreign Exchange Providers as part of the G.W. Platt Foreign Exchange Awards for 2022.

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The Banker Magazine has announced Bank Windhoek as the winner of its annual Bank of the Year Award – Namibia.

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