THE Namibia Inter-bank Settlement System (NISS) continued to maintain high system availability throughout 2021 further recording a settlement milestone of N$1.0 trillion during the reporting year. This was revealed by the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA) when they jointly released the annual NamibiaContinue Reading

CORPORATE taxes paid by the mining industry o government fell from N$2.2027 billion in 2020 to N$1.553 billion in 2021 due to the lower profits recorded, Hilifa Mbako, President, Chamber of Mines of Namibia has said. Mbako who was speaking at the mining industry review for yesteryear also revealed thatContinue Reading

LAST Friday, Bank Windhoek publicly launched its 40th birthday celebrations. Since April 1982, as a wholly owned Namibian financial services provider, the Bank has catered to the needs of Namibia and its people. Bank Windhoek’s purpose over the past 40 years has been to impact the lives of Namibians andContinue Reading

A Development Bank of Namibia (DBN) Covid-19 business relief loan has helped to preserve approximately 950 jobs by providing finance of N$53 million to pay salaries of employees of the well-known tourism and hospitality operation, The Gondwana Collection.The 950 employees are distributed among 28 accommodation establishments and companies that makeContinue Reading

DIAMONDS multinational De Beers Group is investing N$30 million in Kelp Blue, a startup focused on growing and managing large-scale giant kelp forests, initially off the Namibian coast. These underwater forests have the potential to safely and permanently lock away vast amounts of carbon dioxide in the ocean. Research hasContinue Reading