Finance

Finance (607)

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The German Development Bank (KfW) through the Namibian Government has signed loan agreements with the City of Windhoek and Namwater to finance some of the country's priority water projects. 

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Bank Windhoek says it has granted its staff members an 8.5% increase on their salary, rental and transport allowances for the fiscal year 2023/2024, owing to an increase in revenue.

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Recent conversations have highlighted a recurring theme: the expectation of substantial returns from investments that may not align with their inherent risk profiles.

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A retirement arrangement is a plan used to set aside money for retirement and it is in most cases the only savings plan for retirement for many people.

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Nedbank Namibia has revealed that home loans worth N$500 million were disbursed last year, despite the tough economic climate. 

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FirstRand Namibia Limited (FirstRand) reported a 22.7% year-on-year growth in after-tax profits for the financial year ended 30 June 2023 of N$1.56 billion.

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Listed financial services group Capricorn Group Limited reported a 28.7% surge in its after-tax profit, soaring N$1.47 billion for the fiscal year ending on June 30, 2023. 

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Shakwa Nyambe, Managing Director of the energy law firm SNC Incorporated, has been appointed Regional Leader for Sub-Saharan Africa within the Frontier Energy Network.

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The Bank of Namibia (BoN) has issued a stern warning to banks with operations in the country against profit shifting and transfer pricing practices, which are done via Service Level Agreements. 

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Auditor General Junias Kandjeke has given an adverse opinion on Katima Mulilo Town Council's 2020 financial year after it failed to provide documentation for investments into the Northern Regional Electricity Distributor (Nored) amounting to N$5.27 million.

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