RetireWise booklet to boost financial literacy for retirees

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The Financial Literacy Initiative, in conjunction with the Ministry of Finance, will launch a "RetireWise Booklet", an initiative that aims to enhance and promote the financial well-being of retirees and those set to retire.

NAMDIA takes G4S to High Court over N$314 million dispute

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NAMDIA has taken G4S to the Windhoek High Court, seeking payment of N$314 million.

According to court papers, on January 18, an unknown group entered the NAMDIA premises and stole 446 parcels of diamonds valued at N$314 million.

Pension-backed housing scheme launched

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The Minister of Finance, Ericah Shafudah, announced the implementation of the pension-backed housing scheme to improve access to decent and affordable housing mainly for civil servants who are not able to meet bank loan requirements.

BoN declares divident of N$ 720 Million

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The Bank of Namibia announced a record dividend of N$ 720 million dollars for last year, exceeding the 511 million dollars paid to the government in 2023. 

Government plans Eurobond repayment , shifts focus to domestic financing

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Finance Minister Ericah Shafudah has said the 2025-26 financial year is anticipated to be an eventful year from a financing perspective.

Shafudah pointed out that the government is faced with the redemption of a US$750 million Eurobond on 29 October this year.

Finance Minister presents a National Budget of n$106.3 billion

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Finance Minister Ericah Shafudah has tabled a budget of N$106.3 billion for the 2025-2026 financial year, the maiden budget of the new administration of President Netumbo Nandi-Ndaitwah. 

The budget, themed "Beyond 35, for a Prosperous Future", marks an increase of 22.6% from the previous year.