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Banking In Namibia
Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank (Namibia), First National Bank of Namibia. Following History of Namibia, Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank. Today banking is dominated by South African commercial banks who operate subsidiaries in Namibia. History Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank (Namibia), First National Bank of Namibia. Following History of Namibia, Namibia Independence in 1990s, the Namibian banking sector came under the control of the new government. The 1990s saw the restructuring of the Namibian banking system, with new commercial banks created, and a new central bank, Bank of Namibia set up. The architect of this restru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Afrika Bank
Deutsch or Deutsche may refer to: *''Deutsch'' or ''(das) Deutsche'': the German language, in Germany and other places *''Deutsche'': Germans, as a weak masculine, feminine or plural demonym * Deutsch (word), originally referring to the Germanic vernaculars of the Early Middle Ages Businesses and organisations *André Deutsch, an imprint of Carlton Publishing Group *Deutsch Inc., a former American advertising agency that split in 2020 into: **Deutsch NY, a New York City-based advertising agency *Deutsche Aerospace AG * Deutsche Akademie, a cultural organisation, superseded by the Goethe-Institut *Deutsche Bahn, the German railway service *Deutsche Bank *Deutsche Börse, a German stock exchange *Deutsche Geophysikalische Gesellschaft, the German Geophysical Society *Deutsche Grammophon, a German classical music record label *Deutsch Group, an international connector manufacturer *Deutsche Luft Hansa (1926–1945) *Deutsche Lufthansa (since 1953), an airline *Deutsche Marine, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Windhoek
Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a registered commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients in Namibia which include personal, Small and Medium-sized Enterprises (SMEs), commercial accounts and financial products. Bank Windhoek also offers foreign exchange services throughout its branches and through a joint venture with American Express, which has various outlets in Namibia. While being an autonomous Namibian company, the bank also provides international banking services through direct liaison with financial centres and institutions worldwide. Branch network and localised ATMs Bank Windhoek has the largest branch network and footprint across Namibia. As of June 2022, it has 51 branches, agencies and specialist branches countrywide. The bank also has a corporate and institutional banking division with offices in Windhoek, Oshakati and Walvis Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Namibia
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers and a considerable number of well-trained professionals and managerials. Overview Namibia is a higher-middle-income country with an estimated annual GDP per capita of US$5,828 but has extreme inequalities in income distribution and standard of living. It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. Only South Africa has a higher Gini coefficient. Since independence, the Namibian Government has pursued free-market economic principles designed to promote commercial development and job creation to bring disadvantaged Namibians into the economic mainstream. To facilitate this goal, the government has actively courted donor assistance and foreign investment. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Africa
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. , approximately 1.3 billion people were living in 54 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales in commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050. In March 2013, Africa was identified as the world's poorest inhabited continent; however, the World Bank expects that most African countries will reach "middle income" status (defined as at least US$1,025 per person a year) by 2025 if current growth rates continue. There are a number of reasons for Africa's poor economy: historically, even though Africa had a number of empires trading with many parts of the world, most people lived in tribal rural societies; in addition, European colonization and the later Cold War created political, ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibian Dollar
The Namibian dollar (symbol: N $; code: NAD) has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. History The dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa from 1920 until 1990, at par. The rand is still legal tender, as the Namibian dollar is linked to the South African rand and can be exchanged on a one-to-one basis locally. Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993. In the beginning, alternative names for the Namibian dollar were suggested, including ''Namibian kalahar'', referencing the Kalahari Desert in the east of Namibia, but ultimately the government settled on the name ''Namibian dollar''. The first notes were issued on September 15, 1993. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcredit
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.'' Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FIDES Bank Namibia
Trustco Bank Namibia limited, formerly the FIDES Bank Namibia, is a commercial bank in Namibia owned by . Its main commercial activity is to provide microfinancing services. History The bank was built after a pilot project called '. This project developed microfinance activities from 2002 to 2010, targeting specifically rural population seeking to develop income generation activities. This project initially started in Ohangwena Region and moved to Ondangwa in 2005, Oshakati in 2006 and Outapi in 2007. Upon creation of the bank, then operating as ''FIDES Bank Namibia'', the portfolio of loan was transferred to the new institution, which developed from then on an MSME portfolio as well. The bank received its provisional banking license on 4 August 2009. and its permanent license on 1 February 2010. Activity The institution has its headquarters located in Ongwediva in Oshana Region (North-Central part of Namibia). It was one of five commercial banks in 2009 licensed to opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trustco Bank Namibia
Trustco Bank Namibia limited, formerly the FIDES Bank Namibia, is a commercial bank in Namibia owned by . Its main commercial activity is to provide microfinancing services. History The bank was built after a pilot project called '. This project developed microfinance activities from 2002 to 2010, targeting specifically rural population seeking to develop income generation activities. This project initially started in Ohangwena Region and moved to Ondangwa in 2005, Oshakati in 2006 and Outapi in 2007. Upon creation of the bank, then operating as ''FIDES Bank Namibia'', the portfolio of loan was transferred to the new institution, which developed from then on an MSME portfolio as well. The bank received its provisional banking license on 4 August 2009. and its permanent license on 1 February 2010. Activity The institution has its headquarters located in Ongwediva in Oshana Region (North-Central part of Namibia). It was one of five commercial banks in 2009 licensed to opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nedbank
Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in six other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe, as well as offices in Angola and Kenya. Outside Africa, Nedbank have offices to provide international financial services for Africa-based clients in Guernsey, Isle of Man, Jersey, the United Kingdom and the United Arab Emirates. Nedbank is headquartered in Johannesburg. History The bank was founded in 1888 in Amsterdam as the ''Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika'' ("Dutch Bank and Credit Union for South Africa"). In the same year, the bank opened an office in Church Street, Pretoria, South A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Botswana Guardian
The ''Botswana Guardian'' is an English language weekly newspaper published in Gaborone.The paper was started in 1982. It is published by CBET Ltd. on Thursdays. See also * '' Azhizhi'' * '' The Voice Botswana'' * ''Mmegi'' * ''The Botswana Gazette'' * Yarona FM Yarona FM is an urban broadcaster targeting young adults. The radio station is a private commercial entity that has existed since 1999. It is regulated by Botswana Communications Regulatory Authority, BOCRA and attracts a unique weekly audience of 2 ... References External links * English-language newspapers published in Africa Newspapers published in Gaborone Publications established in 1982 Weekly newspapers 1982 establishments in Botswana {{Africa-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Letshego Bank Namibia
Letshego Bank Namibia is a commercial bank in Namibia. It is licensed by the Bank of Namibia, the central bank and national banking regulator. History The institution was established in 2002 as ''Edu Loan Namibia''. In August 2008, Letshego Holdings Limited (LHL), a Botswana Stock Exchange (BSE) listed entity, acquired majority shareholding in Edu Loan. The company re-branded to ''Letshego Financial Services Namibia'', to reflect its shareholding. In July 2014, Letshego Namibia was awarded a provisional banking license, which allowed them to make '' salary loans'', with installment loan payments deducted directly from the borrower's paycheck by the employer. In July 2016, the bank was granted a full unrestricted banking licence. Location The headquarters of the bank are located at 18 Schwerinsburg Street, in Windhoek, the capital and largest city in Namibia. The bank maintains a total of 15 branches in various urban centers in the country, as at August 2016. Overview LBN is 100 p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
