Understanding customer behavior has become paramount for sustainable growth and success. Gone are the days of relying solely on intuition or guesswork; today, data-driven insights derived from comprehensive customer research are the cornerstone of informed decision-making. By delving into the intricacies of customer behavior, businesses can unlock a treasure trove of opportunities to enhance their...
By Bank Windhoek’s Executive Officer of Credit, Eddie King Debt is not just a financial issue; it has significant psychological and sociological implications, contributing significantly to individuals’ emotional well-being and societal status. Among these psychological implications, shame is frequently associated with indebtedness. The societal stigma around debt exacerbates these feelings, making it harder for individuals...
The Paris Agreement, adopted in 2015, is a landmark in the global climate change response, where 196 parties have committed to limit global warming well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. Central to this agreement is the implementation of nationally determined contributions (NDCs), where countries set their own ambitious targets...
An article published last month in the Norwegian media reveal plans for that country’s Minister of Agriculture to review African Meat quotas in the Norwegian market. The Norwegian General System of Preference (GSP) scheme provides exporters from developing countries such as Namibia and Botswana a duty relief when exporting goods to the EU, such as...
By Maria Samahina, Risk Manager at Letshego Bank Namibia In today’s digital age, where financial transactions and personal information are increasingly digitised, the risk of falling victim to financial fraud has grown exponentially. Letshego Bank Namibia encourages Namibian citizens to remain vigilant and stay informed about the various forms of fraud. This is essential to...
In a time of economic uncertainty, Old Mutual Namibia remains committed to gaining a deeper understanding of the financial behaviours and attitudes of Namibians. Yesterday Old Mutual Namibia launched its Old Mutual Financial Services Monitor (OMFSM), an annual study, which offers invaluable insights by focusing on a key cohort in society, namely employed Namibians, who...
By Bank Windhoek’s Executive Officer of Credit, Eddie King. Imagine John, a 35-year-old professional. In his 20s, he juggled multiple credit cards, often reaching their limits and only managing minimum payments. By 30, he faced mounting interest, a declining credit score, and challenges securing a car loan. However, after seeking financial counselling, consolidating his debts...
By Carmen Forster, General Manager, Old Mutual Short-Term Insurance This is the fourth instalment in the series on ‘Understanding the Context of Pensions in Namibia in 2023’. Our first three articles covered Pillars 0 and 2 of the World Bank Pension Provision Model. In this article, we will focus on Pillar 1, which relates to contributory national...
Japan is calling on China to better understand the science behind its controversial nuclear wastewater discharge. Chris Gilbert reports from Tokyo that Beijing has banned all seafood from Japan in protest over the country’s release of treated water into the ocean. The post Japan calls for understanding after China’s blanket seafood ban first appeared...
The economic landscape of any nation is a maze of interconnected sectors, each with its unique opportunities and challenges. Namibia is no exception. The recent Momentum High Table Discussions powered by the Stellenbosch Business School provided a deeper exploration of the challenges and potential solutions for economic diversification and sustainable development in Namibia. Guided by...