The Bank of Namibia, in collaboration with the Alliance for Financial Inclusion (AFI), have teamed up to co-host the AFI Global Policy Forum (GPF) in September 2025 in Namibia. This forum is expected to convene international thought leaders, policymakers and regulators to propel financial inclusion to the forefront of the global agenda. This is in...
The Development Bank of Namibia (DBN) has announced the return of its prestigious Innovation Award after a five-year hiatus, reaffirming a commitment to fostering innovation and economic development. Commenting on the resurgence of the awards, DBN spokesperson Jerome Mutumba revealed that this year’s winning project will receive a funding boost of N$400 000. He highlighted...
Drikus Coetzee and Anri Greef took top honours last Sunday, as they delivered solid performances to claim victory in the elite men’s and women’s Nedbank Windhoek Power Pedal (WPP) Race Series 3 at Döbra Loops in Windhoek. In the men’s competition, Coetzee claimed first place after clocking 02:19:55, with Roger Suren following in second with...
Following the recent light oil discoveries offshore in the Orange Basin, the National Petroleum Corporation of Namibia (Namcor) has seen increasing interest from potential upstream oil and gas investors. To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-in opportunities with existing acreage...
The Bank Windhoek Namibia Aquatic Sports Federation’s (NASFED) third Long Course Gala set new swimming records. Over 200 athletes competed in 41 swimming events held over the past weekend. The Gala was hosted simultaneously in three towns: at Olympia Swimming Pool in Windhoek, The Water Cube Swimming Pool in Swakopmund and Sand Sharks Swimming Pool...
Global financial advisory giant, deVere Group, issued a stark warning to investors to prepare for significant turbulence as the Federal Reserve may find itself at odds with the economic consequences of President Trump’s fiscal policies. Growing inflationary pressures are likely to reappear, and the Fed’s potential response could signal a seismic shift in financial markets....
Wind tunnels have long been used to design and test aerodynamic and energy-efficient vehicles. Now, Ford has combined the latest wind tunnel technology with the equivalent of a vehicle-sized treadmill to help create its next-generation of production vehicles, including the first-ever Mustang Dark Horse. Capable of simulating wind and road surface speeds of 322km/h, the...
Audi’s A3 Sportback and A3 Sedan head into 2025 with a sportier look, refreshed design elements and a rationalised range to make purchasing an A3 even more convenient and straightforward. In addition, the standard equipment tally has been expanded, new materials have been applied for increased comfort, and a highly-specified and eye-catchingly designed Black Edition...
To kick off the New Year, Bank Windhoek announced the launch of its refreshed corporate identity on Monday, 20 January. The bank has described the move as a bold step forward, reflecting its brand’s evolution and commitment to staying relevant in an ever-changing financial landscape. The new identity, which came into effect this month, introduces...
The Development Bank of Namibia (DBN) achieved an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence, financial stability and impactful development. AADFI is an umbrella...