HONG KONG – Stocks rose yesterday as traders cautiously welcomed Donald Trump’s extension of his tariff deadline and indication he could push it back further, though uncertainty over United States (US) trade policy capped gains. Days before the three-month pause on his “Liberation Day” tariffs was set to expire, the US president said he would...
The Trade Union Congress of Namibia (TUCNA) has strongly come out in opposition to the Government Institutions Pension Fund (GIPF)’s new housing loan initiative, describing it a “ruthless, insensitive and self-centred”. At a media briefing in the capital yesterday, the umbrella union said the scheme betrays the spirit of social justice. Speaking at the briefing,...
Non-compliance with Namibia’s merger laws can lead to penalties, delays in merger implementation, prohibition, or even dismantling of an unlawfully implemented merger altogether. In this regard, upholding the integrity of domestic merger provisions is crucial for maintaining a competitive market environment in Namibia, fostering economic growth, and protecting consumer welfare. This was stated yesterday by...
With households across Namibia faced by rising food, fuel and rent prices, financial survival strategies have become essential. The latest Consumer Price Index (CPI) figures released in June 2024 reveal that the price of fruits has risen by more than 15.5%. Household staples, such as meat, cooking oil and dairy products, have surged by over...
The Bankers Association of Namibia (BAN) has appointed Dantagos Naomi Jimmy as its new CEO, effective 1 July 2025. She brings to BAN over two decades of experience, spanning investment management, financial markets, corporate governance and strategic advisory. She is the founder of Ndapunikwa Investment Management and has held senior, executive and technical roles at...
Many aspiring Namibian entrepreneurs and small business owners are failing to secure funding simply because they come to the bank ill-prepared, lacking right documentation and a clear understanding of their business needs, says Caroline Kamerika, Commercial Relationship Manager at First National Bank (FNB) Namibia, at the Business Summit Namibia on Saturday. Kamerika outlined the challenges...
Namib Desert Diamonds (Namdia) this weekend reiterated implementing critical security upgrades following the brazen and devastating armed robbery at its Windhoek premises earlier this year. The company made the remarks following recent social media posts it says contained unsubstantiated allegations regarding the company’s security protocols, governance practices and the appointment of a security consultant. “While...
Nedbank Namibia recently partnered with the Root 77 June Market Day in Rehoboth, reaffirming its commitment to community development, cultural celebration and financial inclusion across Namibia. Held on the scenic banks of the Oanob River in Rehoboth, the Root 77 Market Day brought together local entrepreneurs, artists, chefs and families in a spirited celebration of...
RIO DE JANEIRO – BRICS leaders meeting in Rio de Janeiro yesterday were expected to decry United States (US) president Donald Trump’s “indiscriminate” trade tariffs. They said they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40% of global economic output, have united over “serious...
Of the more than 100 Non-Banking Financial Institutions (NBFI) that were non-compliant with directives issued by the Namibia Financial Institutions Supervisory Authority (Namfisa), more than 90% are operating in the micro-lending sector. Namfisa was established to supervise and advise the finance minister on matters relating to financial institutions and financial services. In its first quarter...