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A service for banking industry professionals · Wednesday, December 11, 2024 · 768,034,368 Articles · 3+ Million Readers
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Bank of Namibia News Monitoring

  • Published on Dec 7, 2024

    Bank of Namibia & CRAN sign MoU to enhance regulatory cooperation

    Staff Reporter The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have formalised their cooperation with the signing of a Memorandum of Understanding (MoU) in Windhoek. This MoU strengthens collaboration between the two …

    Source: Informante - Label Pending
  • Published on Dec 10, 2024

    Market Recap 2 to 8 December 2024

    The Namibian Stock Exchange (NSX) demonstrated marginal growth this week, with the Local index inching up 0.01% to 690.7 points and the Overall Index showing more substantial momentum, rising 1.33% to 1877.8 points. As of December 8, 2024, FirstRand …

    Source: Informante - Label Pending
  • Published on Dec 9, 2024

     Repo rate impact

    An economist was asked if last week’s repo rate reduction came too late for heavily indebted had come reeling from exorbitantly high interest rates and a prolonged Covid-19-induced recession.  Last Wednesday, the Bank of Namibia announced the third …

    Source: New Era - Pro-Government
  • Published on Dec 9, 2024

    FNB Wins Best Bank Award

    Kavee Vezemburuka   The First National Bank of Namibia (FNB), won the Banker’s Bank of the Year Award 2024 for the Best Bank in Namibia. The award celebrates the best in global banking and acknowledges outstanding achievements within the banking sector. …

    Source: Villager - Label Pending
  • Published on Dec 9, 2024

    Khomas Residents Top the List of Loan Defaulters

      Nghiinomenwa-vali Erastus   As of September 2024, 42.9% of non-performing loans (loans unpaid for over three months) in Namibia were held by individuals, according to data from the Bank of Namibia. Non-performing loans (NPLs) currently stand at 5.9%, …

    Source: Villager - Label Pending
  • Published on Dec 7, 2024

    BoN, CRAN sign MoU

    The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) will strengthen regulatory cooperation following the signing of a new Memorandum of Understanding aimed at enhancing collaboration in regulating the telecommunications …

    Source: Namibian Broadcasting Corporation - Pro-Government
  • Published on Dec 7, 2024

    N$3.8b credit extended to private sector over past year

    Namibis’s private sector received over N$3.8 billion in credit over the last 12 months. This is nearly double the amount expended during the same period in the previous year, according to data from IJG Securities. Of this, the firm noted that individuals …

    Source: The Namibian - Neutral
  • Published on Dec 6, 2024

    Repo Rate Cut to Spur Economic Growth

      Justicia Shipena & Loise Shiimi   The decision by the Bank of Namibia (BoN) to lower the repo rate by 25 basis points to 7.00%, signals its commitment to support for the domestic economy amid a favourable inflation outlook. The decision aligns with …

    Source: Villager - Label Pending
  • Published on Dec 6, 2024

    Bank of the Year Awards 2024 – Africa

    Below are the individual country winners for Africa. Congratulations to all of those who received awards this year. Algeria Société Générale Algérie For a second consecutive year, Société Générale Algérie has been crowned Bank of the Year for Algeria, in …

    Source: The Banker - Neutral
  • Published on Dec 5, 2024

    DBN appoints new board

    The Development Bank of Namibia (DBN) has announced the appointment of its new board of directors, effective 1 January 2025.Leading the new board is Evangelina Nailenge as chairper... If you are an active subscriber and the article is not showing, please …

    Source: Namibian Sun - Neutral
  • Published on Dec 5, 2024

    From boot camp to gym

    Maria David WHAT started as a boot camp to keep men and women in uniform fit has now evolved into a full-fledged gym for the Oshana Region police. This development follows the Bank of Namibia’s (BoN) donation of gym equipment worth over N$300,000, handed …

    Source: Informante - Label Pending
  • Published on Dec 5, 2024

    BoN expects agro NPLs to come down

    CHAMWE KAIRA Non-performing loans (NPLs) in the agriculture sector are expected to improve in the next 12 months following drought relief measures announced by the Bank of Namibia in October. Central bank governor Johannes ǃGawaxab said this week in …

    Source: Windhoek Observer - Neutral
  • Published on Dec 5, 2024

    Central bank gives ‘keDezemba’ relief

    NAMIBIANS have been provided some festive season relief from the Bank of Namibia (BoN), since it decided to cut the repo rate to 7% yesterday. This will see people paying less on their loans as the prime rate falls to 10.75%. The prime lending rate affects …

    Source: The Namibian - Neutral
  • Published on Dec 5, 2024

    Investor confidence stirred, not shaken by elections – !Gawaxab

    DESPITE what have widely been described as questionable elections, the Bank of Namibia (BoN) says investor confidence in the country has not been shaken. BoN governor Johannes !Gawaxab says due to the Namibia dollar’s currency peg with the South African …

    Source: The Namibian - Neutral
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