Secretary to Cabinet George Simataa said the allocation of N$1.7 billion for the 2024/25 civil servants’ wage increase, despite the existing bloated public wage bill, is “essential” to avoid making them sacrificial lambs.
Author: Staff Reporter (Staff Reporter )
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Nuyoma at the helm of Capricorn Group
When Capricorn Group board chairman, Gerhard Fourie announced the appointment of seasoned financial guru, David Nuyoma, as the new Group CEO, the share price of the listed entity jumped from N$16.50 to N$17.00.
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Financial Services – Central bank licenses payment service providers
The Bank of Namibia (the Bank) now handles the licensing and regulation of payment service providers instead of sharing the responsibility with the Payments Association of Namibia (PAN).
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Financial Services – SS: Low credit uptake worrisome for investment
Low credit levels being extended to businesses is worrisome for investment purposes.
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Financial Services – Nedbank bolsters the SME Credit Guarantee Scheme
Nedbank Namibia, one of the country’s leading banks, is set to play a pivotal role in supporting small and medium enterprises (SMEs) through a pioneering programme initiated by the Namibia Special Risks Insurance Association (Nasria).
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Financial Services – Fostering financial stability must take centre stage
In a world of ever-evolving economic dynamics, commitment to fostering stability, consumer protection and financial inclusion within the financial systems must take center stage.
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Financial Services – GIPF shares pre-retirement guidelines
As part of its statutory mandate of providing pension and other related benefits to civil servants as well as employees of participating institutions established by Acts of Parliament, the Government Institutions Pension Fund (GIPF) is constantly offering pre-retirement.
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Financial Services – Bank of Namibia amends loan-to-value ratio regulations
Appraising the new regulation, Leonie Dunn, deputy governor of the Bank of Namibia, emphasised significant advantages it offers to property owners and prospective property buyers: “These regulations mirror recent economic conditions which require a further relaxation while safeguarding financial stability.
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Cyclists to raise funds for Ruach Elohim Foundation
The All4TheBabies four-women cycling team is set to take part in the Nedbank Desert Dash in a bid to raise N$ 100 000 for the Ruach Elohim Foundation in Swakopmund.
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MTC and Nust host innovation bazaar
Theron Kasita, co-founder of the Namibian Sign Language Translator mobile application, yesterday showed off the app at the launch of the MTC Tech Innovation Bazaar.