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Banking / Investment in Namibia

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Namibia: Businesswoman Leads Development Bank Board

    NAMIBIA, 2016/02/08 The Development Bank of Namibia (DBN) early this week announced the appointment of Tania Hangula as member and Chairperson of its Board of Directors. Tania Hangula, an entrepreneur, joins a line of businesswomen who before served on the Board of DBN in a quest to make notable contributions to economic transformation on a national scale. Hangula, with extensive government experience in the public sector, is currently the Executive Director for Business Development at Arandis Mining Services. She played a significant role in transforming the company from a family owned business to a mainstream company. She is as well a managing member of Umoja Trading Enterprises, which is a company with interest in the Namibian petroleum industry and other business sectors.
  • A Step Forward For Foreign Investments In Namibia

    NAMIBIA, 2015/11/15 Last week, the Embassy of the Republic of Namibia to the United States brought ten highly specialized American and Canadian companies to Namibia to engage in investment projects. The trip was part of Namibia's efforts to diversify trade partners. A wide range of industries was represented, from mobile technology & IT to logistics and business management. Part the participants were the architecture firm from Texas, Boka Powell, Seiko Sciences, a trading company with offices in Montreal, inclunding experts in DNA analysis. "The annual US-Namibia trade mission is critically significant to maintain and cultivate new interests by American business people in trade and investment opportunities in Namibia" said Mr Audley "Kano" Smith, honorary consul of Namibia in Michigan. As the representative of various business interests in Michigan, he added, "US businesses and investors are afforded the opportunity to meet Namibian government officials and prospective joint venture partners and learn that Namibia is open for business. It's a win-win situation for all participants".
  • Local entrepreneurs to benefit from GIPF's unlisted investments

    NAMIBIA, 2013/08/09 The Government Institutions' Pension Fund (GIPF) is hard at work to create awareness about the benefits of its Unlisted Investment Policy (UIP) amongst local entrepreneurs. Speaking during a media briefing here on Tuesday, the GIPF's Chief Executive Officer David Nuyoma said there is a lack of awareness about its UIP part Namibian entrepreneurs. 'This concern impedes our objective to cast our net widely and ensure broad-based participation from the Namibian business fraternity. In this regard, we will be implementing a strategy to market and brand the Unlisted Investment Policy,' he stated.
  • Namibia: Bank Windhoek Calls Off Merger Talks 2012-11-01

    NAMIBIA, 2012/11/01 更多     Namibia: Bank Windhoek Calls Off Merger Talks