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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 five other countries in the Southern African ...
Bank Windhoek Limited. First National Bank Namibia Limited. Nedbank Namibia Limited. Standard Bank Namibia Limited. Trustco Bank Namibia Limited [2] Banco Atlantico. Bank BIC Namibia Limited. Letshego Bank Namibia Limited. EBank, a bank with electronic presence but no branches, operated between 2015 and 2017. [3]
Banking in Namibia is regulated by the Namibia Financial Institutions Supervisory Authority (NamFISA), an organisation of government. The Bank of Namibia functions as the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. The bank is located in the capital, Windhoek. The Bank of Namibia was ...
Namibia (/ n ə ˈ m ɪ b i ə / ⓘ, / n æ ˈ-/), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the east and south.
Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living. [10] It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. [11] Only South Africa has a higher Gini coefficient. [12]
31,000 (2018) Website. www.oldmutual.com. Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised ...
The cost of living in Namibia is higher than some other regional cities in the southern region of the African continent. [1] [2] [3] Namibia imports about 50% of its cereal requirements. Many other items used in daily life also need to be imported. High transportation costs make prices very high and unaffordable.
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 .