Farmers heavily hit by drought and other natural calamities may soon be able to recoup their losses if a move by the government to push for crop insurance comes to fruition. Agriculture, water and land reform minister Calle Schlettwein proposed the idea of a crop insurance in parliament on Wednesday while responding to questions posed...
…as farmers fear loss of crops Agriculture, water and land reform minister Calle Schlettwein says the ministry is considering possible crop insurance to compensate farmers who experience crop failure. Schlettwein made these remarks in parliament on Wednesday while responding to questions posed by Popular Democratic Movement (PDM) leader McHenry Venaani. Venaani asked Schlettwein how the...
The Treasury has introduced a cocktail of tax reforms that will see the government raking in N$180 million in taxes from the insurance sector. The Minister of Finance and Public Enterprise Iipumbu Shiimi said the change takes effect in the 2024-2025 financial year and is projected to yield additional revenue of N$180 million per year....
Purchasing a property stands as one of the most pivotal financial decisions individuals make in their lifetime. This monumental investment goes beyond merely acquiring a place to live; it signifies security, stability, and a true home. Recognising the gravity of this commitment, safeguarding this valuable asset becomes important, and one of the most effective ways...
By Martin ShaanikaManaging Director, Namforce. In 2024, ensuring comprehensive insurance coverage is paramount for you. It not only safeguards against unforeseen challenges but also fosters a resilient foundation, allowing you to navigate uncertainties with confidence and protecting your well-being. It provides a financial safety net, offering protection against unexpected events such as death, accidents, or...
By Martin Shaanika In 2024, ensuring comprehensive insurance coverage is paramount for you. It not only safeguards against unforeseen challenges but also fosters a resilient foundation, allowing you to navigate uncertainties with confidence and protects your well-being. It provides a financial safety net, offering protection against unexpected events such as death, accidents, or unforeseen liabilities....
Namibia Financial Institutions Supervisory Authority (Namfisa) general manager for insurance and medical aid funds Erich Gariseb has been appointed to the International Association of Insurance Supervisors’ (IAIS) Risk-Based Solvency Implementation Forum. The forum focuses on aiding emerging markets and developing economies in enhancing their adherence to IAIS supervisory standards, particularly in establishing risk-based solvency regimes....
Old Mutual Short-Term Insurance (OMSIC) has proudly announced its latest stride in advocating for road safety by handing over a significant sponsorship of N$40,000 to the Namibia Road Safety Forum (NRSF). The generous contribution aims to fortify the forum’s initiatives in conducting various activities and acquiring essential equipment to promote road safety awareness, particularly during...
Securing a Financially Stable Future in Namibia: The Comprehensive Benefits of Life Insurance – Business Express Skip to content Facebook Twitter LinkedIn Source link
Local insurer, Momentum Metropolitan received two awards at the Namibia Premier Business Awards run by Executive magazine. Both the Long Term Insurer of the Year and Short Term Insurer of the Year awards were collected by Momentum Metropolitan while its Chief Executive, Sakaria Nghikembu was nominated for the Corporate Turnaround Champion award. The Momentum Metropolitan...