Household mortgage loan growth between January and August 2024 paints a gloomy picture, with a contraction of -2.9%, indicating that elevated debt levels and constrained disposable incomes continue to weigh heavily on consumers’ ability to respond to lower interest rates. According to Simonis Storm, while the reduction in borrowing costsContinue Reading

FlySafair operated its inaugural flight between Cape Town International Airport and Windhoek’s Hosea Kutako International Airport. The new service is the budget carrier’s first international service out of its Cape Town hub. This new Cape Town to Windhoek service will operate twice a week on Tuesdays and Saturdays. The inauguralContinue Reading

The Development Bank of Namibia (DBN) and One Economy Foundation (ONE) have signed a Strategic Comprehensive Partnership Agreement (SCPA) to drive sustainable economic growth, youth empowerment, and community development in Namibia. This groundbreaking collaboration reflects both organizations’ commitment to promoting equality and creating socio-economic opportunities for underrepresented groups, particularly theContinue Reading

In an innovative move, FNB Namibia has introduced a new chat feature- to the- FNB App. ChatPay enables FNB App users to initiate payments seamlessly without the need of a formal bank account number, whilst securely chatting via the App. The solution combines convenience, simplicity, and affordability, allowing customers toContinue Reading

The Business and Intellectual Property Authority (BIPA) has appointed its Executive – Intellectual Property Registration Services, Ainna Kaundu as acting CEO. This follows the exit of CEO Vivienne Katjiuongua whose contract is expiring end of this month has not been renewed. Kaundu brings wealth of experience in management and leadershipContinue Reading