Finance

Finance (607)

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Due to frequent interest rate hikes and increased cost of living, more and more Namibians are finding it difficult to keep up with their loan instalments.

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The First National Bank of Namibia (FNB) says that 788 transactions resulting in a loss of N$600,000 due to eWallet scams have been reported between August 2022 and August 2023.

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In the ever-changing landscape of financial planning, the importance of life cover stands tall as a cornerstone of security and peace of mind. While life cover itself is a fundamental safeguard, the concept of tailoring it to one's individual needs adds a layer of sophistication that can make all the difference. In this article, we delve into the art of Customising life cover, exploring how this personalized approach can amplify the benefits of this essential financial tool.

In the realm of financial planning, few decisions hold as much gravity as the choice to invest in life cover. This seemingly straightforward step is, in fact, a nuanced art that involves more than just selecting a policy; it entails Customising protection to align with your unique circumstances and aspirations.

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Sanlam Investments says it has now deployed an initial N$150 million through the Sanlam Namibia Unlisted Debt Fund, launched during the height of the Covid-19 pandemic, into Namibian companies excluded from traditional banking.

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The Namibia Revenue Agency (NamRA) plans to pay whistle-blowers one-third of penalties or revenue from auction sales for reporting cases of duty and tax evasion as part of new measures to curb revenue losses.

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Namibia has completed the registration of NH2 Fund Managers, an entity expected to manage SDG Namibia One, the country’s first blended finance infrastructure fund, Green Hydrogen Commissioner James Mnyupe has revealed.

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In a world filled with financial uncertainties, the pursuit of financial freedom has never been more crucial.We all aspire to live a life unburdened by financial worries, one where our choices are not limited by our bank account balances.

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Most people aspire to be investors, seeking better returns on their money. Recent trends show that ordinary Namibians are increasingly willing to embrace the risks of investing.

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Namibia’s annual credit growth averaged 2.7% in July this year, the slowest since 2004, official figures show.

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Former economic presidential adviser, Dr. John Steytler, officially started his new role as the Chief Executive Officer (CEO) of the Development Bank of Namibia (DBN) on Friday.

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