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NAMFISA strengthens risk oversight and embraces innovation
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NAMFISA strengthens risk oversight and embraces innovation

Namibia Financial Institutions Supervisory Authority (NAMFISA) has made strong progress in improving its supervision of the non-bank financial sector, as the organisation continues to respond to a fast-changing financial environment. This is according to its 2025 annual report.  Board chairperson Hettie Garbers-Kirsten said NAMFISA has refined its Risk-Based Supervision (RBS) Framework to better identify and...

NASRIA grows stronger after a year of change
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NASRIA grows stronger after a year of change

The Namibia Special Risks Insurance Association Ltd (NASRIA Ltd) has strengthened its role as a major player in the country’s financial and insurance sector after a year marked by growth and important changes. Managing director John Uusiku said NASRIA remains committed to offering new and innovative insurance products that meet Namibia’s changing risk environment. According...

IATA urges release of US$1.2b in blocked funds
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IATA urges release of US$1.2b in blocked funds

Out of total US$1.2 billion of global aviation industry funds blocked by governments, 93% of the capital is trapped in Africa and Middle East (AME) countries. In fact, 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, amounting to US$1.08 billion. The AME region total blocked...

Petrofund rebrands and launches Petroconnect
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Petrofund rebrands and launches Petroconnect

The Petroleum Training and Education Fund (Petrofund) this week unveiled its new brand identity, inaugurated its head office and launched its revamped website alongside PetroConnect, a digital CV repository system. Petrofund’s refreshed brand identity features two intertwined petroleum drops, symbolising strong collaboration between public and private institutions and reaffirming Namibia’s commitment to developing local expertise...

Angola unveils new digital border upgrade
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Angola unveils new digital border upgrade

Angola has taken a proactive approach with the deployment of SITA’s Advance Passenger Information and Passenger Name Record Gateway (API PNR Gateway) at Dr António Agostinho Neto International Airport. The new system is supported by SITA’s Passenger Information Unit (PIU) consultancy services.  As aviation’s tech engine, SITA aims to make travel safer, easier, and more...

SanlamAllianz expands insurance and financial services across Africa
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SanlamAllianz expands insurance and financial services across Africa

Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers, have received regulatory approval to launch a joint venture called SanlamAllianz. The new company offers insurance and financial services in 27 African countries, aiming to become one of the top three players in market share and profitability across its markets....

NamRA to enforce mandatory Trader Identification Number from April 2026
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NamRA to enforce mandatory Trader Identification Number from April 2026

The Namibia Revenue Agency (NamRA) has announced that the use of the Trader Identification Number (TIN) will become mandatory for all customs-related transactions in the ASYCUDAWorld system starting 1 April 2026.  The announcement was made in a statement issued by NamRA’s chief of strategic communications and support engagements, Yarukeekuro Ndorokaze. “This new requirement applies to...

Amutse to engage mines to plough back
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Amutse to engage mines to plough back

The new Minister of Industries, Mines and Energy, Modestus Amutse, during his introduction to the ministry staff on Monday, has called for stronger action to expand renewable energy and improve responsibility in the mining sector. “The country must increase its use of clean energy, especially solar power. Why has the nation not yet built more...

EU reflects on strong trade, investment with Namibia
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EU reflects on strong trade, investment with Namibia

The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations.  Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...