Finance

Finance (607)

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SMEs play an important role in the country’s economic stability and should receive more support to enable them to keep contributing to job creation in the country, especially given the current high unemployment numbers among the Namibian youth.

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FNB Namibia Chief Executive Officer (CEO), Erwin Tjipuka, has been appointed as the new chairperson of the Bankers' Association of Namibia (BAN).

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The Old Mutual Foundation is seeking to empower 42 entrepreneurs in all 14 regions by the end of 2025 through the Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED).

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The Namibia Industrial Development Agency’s (NIDA) debtors book currently stands at N$89 million as a result of non-compliant tenants from its approximately 46 facilities, including industrial and SME parks, an official has revealed.

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The Environmental Investment Fund (EIF) of Namibia says it has to date disbursed N$578.5 million (US$30.9 million) of the N$732.1 million (US$39.1 million) in approved funding from the Green Climate Fund (GCF) for project implementation in the country. 

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The average person on the street has had a difficult year as central bankers continued to battle stubbornly high inflation. This has resulted in rising interest rates with no end in sight. Equally, we have had to deal with a weak currency that has provided no relief as oil prices rose as well.

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We frequently find ourselves caught up in a constant quest of success in the fast-paced and demanding world of work. Our mental and emotional health may suffer because of the pressure to perform, to meet deadlines, and accomplish goals.

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Changes to the repo rate are effected to control inflation for the benefit of the country’s economy. However, one wonders whether these changes impact all goods or only the basic goods.

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The Road Fund Administration (RFA) says it anticipates recording a shortfall of around N$2.2 billion in revenue for the financial year ending 31 March 2023.

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Sam Ikela has been appointed as the new Head of Small and Medium Enterprises (SMEs) at Nedbank Namibia.

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