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First National Bank (Namibia)
First National Bank (Namibia), commonly referred to as FNB Namibia, is Namibia largest commercial bank and, according to The Banker magazine of London, Namibia's best bank for the fifth consecutive year. The financial institution has its headquarters located in Windhoek Independence Avenue. It is one of the eleven commercial banks licensed to operate in the country by the Bank of Namibia (the national banking regulator) and the first commercial bank created in the country before Namibian independence, independence. and follows international standard in Banking and Finance. History FNB Namibia was founded as ''Deutsche Afrika Bank'' (DAB) in 1907, and in 1915 the National Bank of South Africa took over the assets of DAB which was in 1926 integrated with Barclays Bank. Barclays Bank changed the name of the South African operation to ''Barclays National Bank Limited'' in 1971, and later to ''First National Bank of Southern Africa''. After the shareholding changed in December 1987, Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OUTsurance Holdings
OUTsurance Holdings Limited, commonly referred to as OUTsurance, is a subsidiary of OUTsurance Group Limited (OUTsure, a JSE listed entity), a South African based financial services investment holding company. OUTsurance Holdings Limited was formed in 1998 and is an unlisted public company with headquarters in Centurion, South Africa. It is a financial services holding company based in South Africa, with subsidiaries in Australia and New Zealand. OUTsurance subsidiaries offer various short and long-term insurance as well as investment products to individual and corporate customers. History OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of RMB Holdings to provide short-term insurance to individuals. On 1 January 2000, OUTsurance acquired the First National Insurance group (FNI) from FirstRand in an all share deal that gave RMBH and FirstRand each an interest of 47.5% in the merged entity, with 5% being held by the staff trust. By virtue of its share ... [...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 Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibia Stock Exchange
The Namibian Stock Exchange (NSX) ( af, Namibiese Effektebeurs; german: Börse Namibia) is the only stock exchange in Namibia. Based in Windhoek, it is one of List of African stock exchanges, the largest stock exchanges on the African continent. It has a partnership with JSE Limited, JSE in neighbouring South Africa. The NSX is only open on weekdays, and trades continuously from 09:00 to 17:00 (West Africa Time, WAT), excluding public holidays. The stock exchange operates under a license from the Namibian non banking financial regulator NAMFISA. The stock exchange is regulated by the ''Stock Exchanges Control Act'' (1985 and 1992). History The first stock exchange in Namibia was founded in Lüderitz (previously known as the Lüderitz Stock Exchange). It opened at the start of the 1900s as a result of the diamond rush, which brought hundreds of prospectors to the desert, who then built towns. After a few years, the old exchange closed when the diamond rush ended and there was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney's Bank, Gurney, Peckover and Company, united as a joint-stock company, joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first Automated teller machine, cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of South Africa
First National Bank (FNB; af, Eerste Nasionale Bank (ENB)) is one of South Africa's " big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index. Overview FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria Media reports in May 2012, indicated that the bank is also making plans to expand into Kenya, Rwanda and Uganda. History FNB is the oldest bank in South Africa. It traces its origins back to the ''Eastern tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibian Independence
The history of Namibia has passed through several distinct stages from being colonised in the late nineteenth century to Namibia's independence on 21 March 1990. From 1884, Namibia was a German colony: German South West Africa. After the First World War, the League of Nations gave South Africa a mandate to administer the territory. Following World War II, the League of Nations was dissolved in April 1946 and its successor, the United Nations, instituted a trusteeship system to reform the administration of the former League of Nations mandates and clearly establish majority rule and independence as eventual goals for the trust territories. South Africa objected arguing that a majority of the territory's people were content with South African rule. Legal argument ensued over the course of the next twenty years until, in October 1966, the UN General Assembly decided to end the mandate, declaring that South Africa had no further right to administer the territory, and that hencefor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insight Namibia
''insight Namibia'' is a monthly journal published in Namibia. The magazine was first published in September 2004. Its headquarters is in Windhoek. It covers current political, economic and social affairs and is owned and edited by Tangeni Amupadhi Tangeni Amupadhi is a Namibian journalist. He is the Editor-in-chief of ''The Namibian'', Namibia's largest English daily newspaper. In 2011 he took over from founding and long-serving editor Gwen Lister, who has been in the position for 26 year .... ''insight Namibia'' is perceived to be critical of government. Its political coverage has received several journalism awards. Events References External links O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Namibia
The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek. The Bank of Namibia was established in 1990 by the ''Bank of Namibia Act, 1990'' (Act 8 of 1990). The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar by authority that has been given to it under an Act of the Namibian Parliament. The head of the Bank of Namibia is the Governor of the Bank of Namibia. Governors The Governors to date have been: * Wouter Bernard (16 June 1990 - 31 August 1991) * Erik Lennart Karlsson (1 September 1991 - 31 December 1993) * Jaafar bin Ahmad (1 January 1994 - 31 December 1996) * Tom Alweendo (1 January 1997 - 25 March 2010) * Ipumbu Shiimi (25 March 2010 - 1 June 2020) * Johannes !Gawaxab (1 June 2020 - present) The bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
