Finance

Finance (607)

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Namibia’s rental markets demand fundamentals remain relatively weak despite most advanced economies being on a path of recovery due to the resumption of “normal life”, improved pace of COVID-19 vaccination and job growth, FNB Namibia has said.

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The Environmental Investment Fund (EIF) of Namibia has handed over 16 projects funded to the value of N$66 million, located in communities of Otjozondjupa, Omusati, Oshikoto, Kunene, Kavango East, Kavango West, Zambezi, Erongo and //Karas regions.

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With Black Friday just around the corner, it’s important for consumers to exercise caution and self-discipline when managing their money over this period. Lack of financial discipline around Black Friday can easily lead to financial woes especially in these uncertain times.

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The Government Institutions Pension Fund (GIPF) has emerged with a 28% stake in Mobile Telecommunications Limited (MTC) after the telco’s Initial Public Offering (IPO) and subsequent listing on the Namibian Stock Exchange (NSX) on Friday.

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Namibia has witnessed an upsurge in online shopping opportunities over the past two years as numerous retailers now offer this option, while a number of new online shopping portals have opened for business, particularly on social media.

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The Government Institutions Pension Fund (GIPF) on Wednesday said it has invested over N$268 million in the past nine years towards the construction of affordable housing in the Erongo Region.

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COP26 has dominated the headlines in recent weeks. Much of the discussion centred on how to fund climate projects in the developing world. Huge numbers were mentioned: around USD 500 billion by 2025, according to COP26 President Alok Sharma .

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The Government Institutions Pension Fund (GIPF) is a defined benefit scheme with guaranteed pension benefits. The Fund guarantees a monthly pension upon retirement, and a monthly pension for life to spouse(s) of deceased members.

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The Bank of Namibia (BoN) says it has started exploring the establishment of a Central Bank Digital Currency (CDBC) and measures to regulate cryptocurrency.

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The Government Institutions Pension Fund (GIPF) is a signatory to the United Nations’ Principles for Responsible Investing (UNPRI), which are a set of six principles that seeks to incorporate Environmental, Social and Corporate Governance (ESG) factors into investment decisions.

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