SME Economic Recovery Loan Scheme Disburses N$462 Million - Issue #28☕
The Small and Medium Enterprises (SME) Economic Recovery Loan Scheme has disbursed N$462 million by the end of 2024, representing 92.4% of the N$500 million allocated to support struggling businesses. The initiative, a collaboration between the Bank of Namibia (BoN) and the Ministry of Finance and Public Enterprises, aims to revive Namibia’s SME sector through targeted financial assistance. fgghh
Namibia Slashes Net Borrowing by 43.6% in 2024 - Issue #24☕
The Namibian government has made significant strides in fiscal consolidation, reducing net borrowing to N$4.5 billion in 2024, a remarkable 43.6% decline from N$8 billion in 2023, according to the Namibia Statistics Agency (NSA).
Debmarine Namibia Faces A 38% Revenue Drop - #Issue 22☕
Debmarine Namibia has reported a significant 38% decline in revenue to N$8.5 billion for 2024, primarily due to reduced diamond prices and lower production levels. The company mined 2.234 million carats of rough diamonds, a 4% decrease from 2023.
Namibia's Banking Sector Under Scrutiny: Parliament Calls for Urgent Regulation! -☕ #Issue 21
The Parliament Standing Committee on Economics and Public Administration is sounding the alarm for clearer regulations on bank charges in Namibia! Chairperson Natangue Ithete emphasized that commercial banks must operate fairly and transparently, highlighting the need for a thorough investigation into their conduct.
