Bank of Nambia Launches Financial Industry Cybersecurity Council

The country’s first-ever Financial Industry Cybersecurity Council was officially launched yesterday by the Bank of Namibia and the financial industry. The Council’s purpose is to provide a productive forum for the banking and non-banking financial sector to foster conversations and develop tactical strategies to combat cyberfraud within the industry. The Council’s objectives include examining problems

African Markets Build Resilience in a Challenging Environment

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19

Bank of Nambia Warns of 419 Scams Targeting Public Figures

The Bank of Namibia has noted with concern an increasing number of scammers seeking unsolicited financial assistance from Namibians to finance the country’s developmental agenda targeting senior public figures including politicians and civil servants. These scams are known as ‘419 scams’, popularly known to trick victims into paying a certain amount of money to fraudsters

Sage Brings Award-Winning Sage Intacct to Namibia, Botswana and Mauritius

Supporting visionary CFOs and finance professionals with a new cloud financial management platform  Sage (https://www.Sage.com/en-za/), the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses, launched Sage Intacct in Namibia, Botswana and Mauritius today. The award-winning cloud financial management solution provides finance teams with the insights and automation they need to

Bank of Namibia to Apply to the High Court for the Liquidation of Trustco Bank Namibia

It has come to the attention of the Bank of Namibia (BON) that Trustco Group Holdings Ltd (TGH) has issued a media release claiming, amongst other things, that the Bank of Namibia denied an offer by (TGH) to capitalise Trustco Bank Namibia Ltd (TBN) by an amount of N$1.0 billion. Further reference is made to

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement

Namibians Embrace Cashless Payment App PayPulse

Namibian consumers and merchants are increasingly turning to cashless payment methods as their preferred method of transacting. Since launching in 2018 PayPulse, Standard Bank’s cashless transaction app, has gained significant traction in that market, processing just under a million transactions to the value of N$ 442 million during the period 1 January 2021 to 31

West Africa Set to Unlock the Power of Small Businesses – Standard Bank

Standard Bank’s BCC division driving Africa’s growth one small business at a time Standard Bank’s recently established Business & Commercial Clients (BCC) division is deliberately focused on building a capability ecosystem to support small traders, agribusinesses, emerging manufacturers and entrepreneurs to grow into formal enterprises – or even become national corporates or cross-border multinationals. In

Standard Bank Scoops Awards at SIBOS

Standard Bank Group, Africa’s largest bank by assets, has received a number of industry awards from Global Finance, presented on the side-lines of the annual 2019 SIBOS conference held in London. “We are pleased to have received these awards which serve as recognition of our Africa-focused strategy, and bear testament to our role in continuing

Nearly 4,500 FNB Merchant Terminals to Accept UnionPay Cards in Namibia

First National Bank Namibia has announced today that UnionPay cards are now accepted at all FNB Point of Sale terminals nationwide. “This means that close to 4500 FNB merchant terminals now enabled for UnionPay cardholders around the world to enjoy easy, convenient and secure payment experiences when visiting Namibia, from shopping, dining, to transportation and