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...
Trustco Group Holdings Limited’s board of directors is evaluating options to delist from its primary listing on the Johannesburg Stock Exchange (JSE), its secondary listing on the Namibian Stock Exchange (NSX), as well as the OTCQX Market in the United States. “For nearly two decades, Trustco has maintained its listing in southern Africa, serving a...
The new note is meant to be an enduring tribute to the life, legacy and unparalleled contributions of the late former president Hage G. Geingob. In accordance with Section 38 (1) of the Bank of Namibia Act 2020 (Act No. 1 of 2020) as amended, BoN has the exclusive mandate to issue legal tender...
The Road Fund Administration (RFA) has received some strong negative reaction to a proposed toll gate introduction as a revenue option to maintain the national road network. And now, the contentious project has been put on hold until further notice. RFA CEO Ali Ipinge in a recent report said the feasibility study on the tolling...
WASHINGTON – President Donald Trump on Monday announced the United States’ withdrawal from the Paris climate accord for a second time, a defiant rejection of global efforts to combat planetary warming as catastrophic weather events intensify worldwide. The Republican leader also declared a “national energy emergency” to expand drilling in the world’s top oil and...
The launch of the Good Governance programme in Namibia is a step towards combating corruption and enhancing transparency in the country. This initiative, a joint effort between the European Union (EU) and the United Nations Development Programme (UNDP), aims to reduce corruption and bribery by promoting effective governance practices. The programme, which will run from...
Namibia’s trade sector showed a notable improvement in November 2024, driven by an almost 40% annual increase in exports. As a result, the trade deficit, which is the amount by which a country’s imports exceed the value of its exports, narrowed to N$5.5 billion from N$7.7 billion in October. While this progress is notable, stock...
First National Bank Namibia has noted with regret the rising instances of people being swindled out of their funds while under threat of violence from criminals. The bank issued a statement after local media last week reported a 60-year-old pensioner was robbed of more than N$1 million from her FNB account. “Where such criminal incidents...
The World Bank has unveiled a new borrowing strategy for Namibia, marking a notable shift in its engagement with the country. The recently-approved Count ry Par tnership F r amewo rk (CPF ) for 2025 to 2029 is set to facilitate International Bank for Reconstruction and Development (IBRD) lending, which is a departure from the...