Business

Standard Bank has announced a decrease in its prime lending rate following the Bank of Namibia’s decision to trim the repo rate by 25 basis points from 4.00% to 3.75%. 

The Covid-19 pandemic has affected every country and economies in the world, the pandemic is without a doubt the single biggest event in world history since World War II.

Bank Windhoek recently installed its first cash deposit automated teller machine (ATM) at its Katutura branch in Windhoek.

The Bank of Namibia has made a financial contribution of N$70 million towards the implementation of the Small Medium Enterprise (SME) Financing Strategy, of which N$50 million will go directly toward the capitalisation of the Credit Guarantee Scheme. 

The Coca-Cola Foundation made a significant contribution to Namibia’s fight against Covid-19 by donating close to N$1 million to the Namibia Red Cross Association in recent months.  

The Olafika SME Development and Mentorship Programme, which kicked off on 1 July 2020 and is expected to run until April 2021 will see 155 entrepreneurs receiving virtual business training valued at N$1.8 million.

The spread of the Covid -19 pandemic across Africa has seen a surge in digital payments and e-commerce transactions as financial institutions scramble to offer businesses and consumers contactless ways of spending, borrowing and lending, as well as making payments. 

The Namibia Housing Enterprise (NHE) has put the construction of 366 houses in Walvis Bay on hold and availed the land to the council for the decongestion of the Twaloloka informal settlement.

Katjaerua has several years of experience at FirstRand Namibia, having been their group legal advisor/company secretary, heading up First National Bank of Namibia home loans department,

Fraudsters are using the Covid-19 pandemic as an opportunity to defraud unsuspecting and vulnerable members of the public out of their hard-earned cash.