The Bank of Namibia has given relief to banking institutions regarding regulatory reporting on cross-border Common Monetary Area (CMA) low-value transactions. According to the Exchange Control Circular No.2024/01, banking institutions are exempt from regulatory reporting requirements for cross-border CMA low-value transactions below N$1 million for individual clients and N$5 million for corporate clients. “The Bank...
Bank Windhoek has appointed Wetumwene Shikage as strategic communication specialist in the marketing and corporate communication services department. Shikange is currently in her final year at the Namibia University of Science and Technology studying towards a bachelor’s degree in English and linguistics. She has five years experience in the media industry, including television production and...
Bank Windhoek has welcomed Wetumwene Shikage to its team as the new Strategic Communication Specialist. Jacquiline Pack, the Executive Officer of Marketing and Corporate Communication Services, announced Shikage’s appointment, effective from 1 March. Describing Shikage as a determined communicator with strong leadership skills and a passion for corporate communication, Pack expressed confidence in her ability...
In alignment with its Strategic Plan, the Bank of Namibia remains steadfast in its mission to drive digital and financial inclusion across all sectors of Namibian society with initiatives such as the Instant Payment Solution, the Central Securities Depository (CSD) Project, and the exploration of Central Bank Digital Currencies (CBDCs) driving the Bank’s agenda towards...
Staff Reporter A 35-YEAR-OLD Bank Windhoek employee identified as Iyaloo Tumweneni Hanyangha died at her workplace after complaining of feeling dizzy. According to the weekend crime bulletin, the incident happened on Friday, April 5, 2024, at around 16:05 at Bank Windhoek, Maerua Mall. It is alleged that Hanyangha, aged 35, died after she complained to...
Hoof van Nigeriese sentrale bank tweede keer op korrupsie-klagte gearresteer Die voormalige hoof van Nigerië se sentrale bank sal na verwagting Maandag in ‘n hof in Lagos verskyn nadat nuwe aanklagte van ampsmisbruik en korrupsie teen hom ingedien is deur die teenkorrupsie-agentskap. Godwin Emefiele staan reeds tereg op aanklagte van verkrygingsbedrog in ‘n ander hof...
Standard Bank Namibia has announced the appointment of Retuura Ballotti as Head of People and Culture, effective 01 April 2024. She is a proud Namibian, wife, mother of two, and a seasoned Organisational Psychologist. She earned her undergraduate degree from Rhodes University and furthered her education with Honours and Master’s Degrees from the University of...
Prosecutor general (PG) Martha Imalwa says she and her team are meticulously examining documents detailing the alleged looting of the Small and Medium Enterprises (SME) Bank to determine whether any criminal activity contributed to the bank’s closure in 2017. Supreme Court judge Dave Smuts two weeks ago directed the court’s registrar to provide a set...
By Josef Kefas Sheehama. Fitch Ratings has affirmed the Development Bank of Namibia’s Long-Term Issuer Default Ratings (IDR) at ‘BB-‘ and its National Long-Term Rating at ‘AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Development Bank (DBN) is the country’s flagship and largest policy bank, contributing...
First National Bank has been awarded Africa’s best international private bank in Botswana and Namibia, as well as Africa’s best bank for ultra-high net-worth individuals. This is the second consecutive year FNB is receiving the award from Euromoney. FNB Namibia retail banking chief executive Nangula Kauluma says the awards affirm the bank’s commitment to delivering...