The Macroprudential Oversight Committee (MOC) of the Bank of Namibia (BoN) has concluded that despite the prevailing risks and vulnerabilities, the financial system remains sound, thus requires no macroprudential policy interventions at this stage. At its second meeting of the year on the 8th of December 2022 to assess vulnerabilitiesContinue Reading
During the month of October 2022, Namibia exported wood charcoal valued at N$107.3 million of which mostly was destined to South Africa, the Netherlands and Belgium, a trade bulletin released by the Namibia Statistics Agency (NSA) reveals. Over the entire period (October 2021 to October 2022), the export value ofContinue Reading
By Romanus Gustav The COVID-19 pandemic introduced restrictions in movement, while there was still a need to pay for services and products, which significantly increased the use of digital payments solutions. The public started understanding and appreciating digital payment solutions. Since the pandemic, there are more people using digital platformsContinue Reading
Namibia presidential economic adviser James Mnyupe has stressed the potential for the green hydrogen projects in South Africa and southern Namibia to complement each other in unlocking a large-scale green hydrogen industry by developing cross-border pipeline and electricity infrastructure. Speaking at the South Africa Green Hydrogen Summit in Cape TownContinue Reading
Government has revealed that going forward, those who intend to access biological and genetic resources and or associated traditional knowledge must apply for an access permit and follow all procedures related to compliance. Minister of Environment and Tourism, Pohamba Shifeta last week expressed that Namibia has come a long wayContinue Reading
Credit uptake by foreigners which makes up 6.5% of total private sector debt increased by 1,571.5% y/y and 0.6% m/m in October 2022, a report by Simonis Storm Securities reveals. The report notes that credit uptake by corporates which makes up 39.1% of total private sector debt grew by 3.1%Continue Reading
Multinational energy company RWE and green energy developer Hyphen Hydrogen Energy have signed a memorandum of understanding (MoU) that could see RWE buy up to 300 000 t/y of green ammonia from Namibia from 2027. Ammonia is one of the most common basic materials in the chemical industry. More thanContinue Reading
The Banker Magazine announced FNB Namibia as the winner of the 2022 Bank of the Year Namibia at a ceremony held in London, UK. The prestigious awards aim to reward and promote industry wide excellence in the global banking community and international judges select only one winning bank for eachContinue Reading
The Old Mutual Foundation, in partnership with the African Leadership Institute (ALI) and the Ministry of Education, Arts and Culture, has concluded the Old Mutual School Transformation Leadership Programme (STLP). The programme is aimed at empowering leaders in the education sector, specifically principals and head of departments, to upskill themContinue Reading
By Andolene Diergaardt In the words of Jim George, “Its not how you start, but how you finish”. The end of the year is most probably the best time to look back on the year and reflect on your wins and losses for 2022. What better time to make betterContinue Reading
