New boards for finance entities
New boards for finance entities

New boards for finance entities

The ministry of finance has announced boards of directors for the Development Bank of Namibia (DBN), Namibia National Reinsurance Corporation (NamibRe) and the Namibia Financial Institutions Supervisory Authority (Namfisa).
Herma Prinsloo
JEMIMA BEUKES

WINDHOEK

The ministry of finance has announced boards of directors for the Development Bank of Namibia (DBN), Namibia National Reinsurance Corporation (NamibRe) and the Namibia Financial Institutions Supervisory Authority (Namfisa).

The board of the DBN will be led by former commercial banker Sarel Van Zyl as chairperson, deputised by Evangelina Nailenge, Patience Kanalelo, Marsory Ickua, Diana Husselman and Willy Mertens.

The DBN is mandated to provide financing for viable enterprises and sustainable initiatives that contribute to the development of Namibia. DBN’s loan facilities help businesses to start or expand their existing business operations.

The Namfisa board will be led by Hettie Gerbers-Kirsten, deputised by Steve Katjiuanjo, Jauque Jansen, Namene Kalili, Selma Ambuda and Ndateelela Shilongo.

Namfisa is an independent institution established by an Act of parliament to regulate and supervise financial institutions in the financial services industry in the public interest, and fully funded by levies imposed on this industry.

Faniel Kisting will be leading the board of directors for Namibre, with Beata Muteka as deputy and Slysken Makando, Rauna Hanghuwo, Lelly Usiko, Akutu Muyika and Christel Roots as additional members.

NamibRe is a state-owned corporation which was established by an Act of parliament to provide reinsurance services and to minimise the placement of insurance and reinsurance business outside the borders of Namibia.

These boards will serve a term of three years, effective 1 September 2021 until 31 August 2024.

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Namibian Sun 2024-05-05

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Premier League: Manchester City 5 vs 1 Wolves | Brentford 0 vs 0 Fulham | Sheffield United 1 vs 3 Nottingham Forest | Burnley 1 vs 4 Newcastle | Arsenal 3 vs 0 Bournemouth | Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Mallorca 0 vs 1 Atletico Madrid | Girona 4 vs 2 Barcelona | Real Madrid 3 vs 0 Cadiz | Real Sociedad 2 vs 0 Las Palmas | Getafe 0 vs 2 Athletic Club SerieA: Sassuolo 1 vs 0 Inter Milan | Monza 2 vs 2 SS Lazio | Torino 0 vs 0 Bologna European Championships Qualifying: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End English Championship: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End Katima Mulilo: 14° | 33° Rundu: 14° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 34° Tsumeb: 16° | 31° Otjiwarongo: 14° | 30° Omaruru: 14° | 32° Windhoek: 12° | 27° Gobabis: 14° | 28° Henties Bay: 14° | 20° Wind speed: 18km/h, Wind direction: S, Low tide: 10:44, High tide: 04:42, Low Tide: 22:59, High tide: 17:11 Swakopmund: 16° | 17° Wind speed: 20km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:40, Low Tide: 22:57, High tide: 17:09 Walvis Bay: 17° | 23° Wind speed: 25km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:39, Low Tide: 22:57, High tide: 17:08 Rehoboth: 14° | 29° Mariental: 17° | 31° Keetmanshoop: 17° | 31° Aranos: 16° | 30° Lüderitz: 14° | 24° Ariamsvlei: 16° | 33° Oranjemund: 13° | 21° Luanda: 25° | 30° Gaborone: 15° | 29° Lubumbashi: 13° | 27° Mbabane: 15° | 29° Maseru: 10° | 25° Antananarivo: 12° | 23° Lilongwe: 17° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 17° Durban: 18° | 30° Johannesburg: 16° | 25° Dar es Salaam: 22° | 29° Lusaka: 16° | 29° Harare: 13° | 29° Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28% Sport results: Premier League: Manchester City 5 vs 1 Wolves | Brentford 0 vs 0 Fulham | Sheffield United 1 vs 3 Nottingham Forest | Burnley 1 vs 4 Newcastle | Arsenal 3 vs 0 Bournemouth | Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Mallorca 0 vs 1 Atletico Madrid | Girona 4 vs 2 Barcelona | Real Madrid 3 vs 0 Cadiz | Real Sociedad 2 vs 0 Las Palmas | Getafe 0 vs 2 Athletic Club SerieA: Sassuolo 1 vs 0 Inter Milan | Monza 2 vs 2 SS Lazio | Torino 0 vs 0 Bologna European Championships Qualifying: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End English Championship: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End Weather: Katima Mulilo: 14° | 33° Rundu: 14° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 34° Tsumeb: 16° | 31° Otjiwarongo: 14° | 30° Omaruru: 14° | 32° Windhoek: 12° | 27° Gobabis: 14° | 28° Henties Bay: 14° | 20° Wind speed: 18km/h, Wind direction: S, Low tide: 10:44, High tide: 04:42, Low Tide: 22:59, High tide: 17:11 Swakopmund: 16° | 17° Wind speed: 20km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:40, Low Tide: 22:57, High tide: 17:09 Walvis Bay: 17° | 23° Wind speed: 25km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:39, Low Tide: 22:57, High tide: 17:08 Rehoboth: 14° | 29° Mariental: 17° | 31° Keetmanshoop: 17° | 31° Aranos: 16° | 30° Lüderitz: 14° | 24° Ariamsvlei: 16° | 33° Oranjemund: 13° | 21° Luanda: 25° | 30° Gaborone: 15° | 29° Lubumbashi: 13° | 27° Mbabane: 15° | 29° Maseru: 10° | 25° Antananarivo: 12° | 23° Lilongwe: 17° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 17° Durban: 18° | 30° Johannesburg: 16° | 25° Dar es Salaam: 22° | 29° Lusaka: 16° | 29° Harare: 13° | 29° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28%