info_e12wt4cs

10882 Posts
CMA deadline extended to 30 September
09 Apr

CMA deadline extended to 30 September

info_e12wt4csNational News
Martin Endjala The restriction of payments between countries of Common Monetary Areas (CMA) that was scheduled to be enforced on 14 April has been extended to 30 September. The Bank of Namibia(BoN) spokesperson, Oskar Josefina confirmed this today. She said a detailed statement will be issued later in the week. Standard Bank Namibia has issued a formal communication to its client confirming the extension of the effective date of the PSD-9. “The extension aligns with the regulatory deadline from other CMA countries and affords the industry sufficient time to ensure compliance with PSD-9,” the Standard Bank statement reads. The bank…
Read More
Muharukua’s resignation from PDM and Parliament
09 Apr

Muharukua’s resignation from PDM and Parliament

info_e12wt4csMain
Stefanus Nashama The Popular Democratic Movement’s (PDM) member of the National Assembly, Vipuakuje Muharukua has resigned from the party and the Parliament. His resignation was confirmed by the party’s secretary-general, Manuel Mgaringombe on Tuesday, who said that Muharukua resigned due to personal political connections. Ngaringombe said Muharukua submitted his resignation on Monday. “Yes, he has resigned indeed, we have acknowledged his resignation from the party and the National Assembly,” he said. Ngaringombe stated that it's within Muharukua’s democratic rights to resign and place his life where he wants to be. “We are in a democratic society and PDM is a…
Read More
‘Let’s Develop’ is not a slogan: It is the catalyst for Namibia’s development
09 Apr

‘Let’s Develop’ is not a slogan: It is the catalyst for Namibia’s development

info_e12wt4csOpinions, ,
John Steytler Just over six months ago, I embarked on a challenging journey as the new CEO of the Development Bank of Namibia (DBN). A position I was honoured to have been selected for. My predecessors Mr. David Nuyoma, DBN’s founding CEO, and former CEO Mr. Martin Inkumbi, certainly left some big shoes to fill. They created the foundation upon which our team at DBN is building. Consistently and continuously focused on and rolling out DBN’s mission; the Development Bank of Namibia strives to be recognized for its significant impact on sustainable socio-economic development and transformation in Namibia. It also…
Read More
Namcor to start receiving its shares from Angolan oil deal
08 Apr

Namcor to start receiving its shares from Angolan oil deal

info_e12wt4csNational News
Erasmus Shalihaxwe The National Petroleum Corporation of Namibia (Namcor), will start receiving shares from the Sungara Energies oil deal when transaction completion has been achieved. Namcor Spokesperson, Utaara Hoveka told this publication yesterday while responding to questions on how far along the deal is and how Namcor is going to benefit that he could not provide a timeline for when Namcor can expect to start receiving its shares from the deal. The Sungara Energies deal came to public attention when Namcor Managing Director Immanuel Mulunga had allegedly paid N$100 million to secure the deal with Angolan state-owned oil company Sonangol…
Read More
Justice ministry spent N$35 million on legal aid
08 Apr

Justice ministry spent N$35 million on legal aid

info_e12wt4csNational News
Erasmus Shalihaxwe A total of 9,110 people applied for legal aid during the 2023/24 financial year, of which 5,428 applications were granted while some are still pending. This was done with a budget of N$35 million, which includes expenditure for ongoing cases. The Minister of Justice, Yvonne Dausab revealed this in the National Assembly this week during the budget debate. She stated that Namibia is one of the few countries in the African continent that provides legal aid to indigent litigants at the expense of the State. Therefore, the government makes budget provisions for that purpose every year, because access…
Read More
Namdeb workers claim union received bribes while workers sleep in the open
08 Apr

Namdeb workers claim union received bribes while workers sleep in the open

info_e12wt4csNational News
Martin Endjala Employees of Namdeb who have been sleeping in tents in Oranjemund accused the Mineworkers Union (MUN) of taking bribes from the country’s largest diamond miner, to ignore their problems with proper housing. “We are paid up members to the union. This union ought to fight for us, but for reasons only known to them, they are very reluctant to fight our issue, it seems like they got bribed to look the other way. We have sent letters to the union but received no feedback until now. We are still sleeping outside and this is unacceptable. We worked for…
Read More
Lion mauls resident of Katima
08 Apr

Lion mauls resident of Katima

info_e12wt4csNational News
Niël Terblanché A resident of Katima Mulilo, Likando Mambena, sustained serious injuries when a stray lion attacked him earlier on Monday. The lion is possibly part of a pride of lions that were seen crossing into Lake Liambezi in the area of Zilitene via Salambala. The lions are presumably from Botswana. The lions were also sighted in the surroundings of Musanga and Serera last weekend. An initial report provided by the Ministry of Environment, Forestry and Tourism said they are aware of the lions on the loose in the Zambezi region. According to the ministry’s spokesperson, Romeo Muyunda, details are…
Read More
Another woman brutally murdered
08 Apr

Another woman brutally murdered

info_e12wt4csMain
Niël Terblanché The 29-year-old Frieda Amadhila was allegedly killed by her 22-year-old boyfriend in the early hours of Monday at a flat in Windhoek. Chief Inspector Elifas Kuwinga, member of the Namibian Police’s Public Relations Division, confirmed that Amadhila was stabbed in the chest and arms with a knife at around 01:07 today. It is alleged that the suspect and the deceased were fighting in their residence in a block of flats on Ballot Street. He said the neighbours called the police and reported the domestic violence incident. Upon arrival, the police found the flat locked and were informed by…
Read More
Katjavivi want ACC budget increased to better combat corruption
08 Apr

Katjavivi want ACC budget increased to better combat corruption

info_e12wt4csFeatured
Hertta-Maria Amutenja The Speaker of the National Assembly, Professor Peter Katjavivi called for an increase in the budgetary allocation of the Anti-Corruption Commission (ACC). Katjavivi made the call during the budget motivation in Parliament last week, emphasizing the role the commission plays in combating corruption within Namibia. “I therefore will appeal that we should look at how best we can allocate more resources to fund ACC for it to execute its mandate efficiently. Allow me to reiterate and emphasize that the impact of corruption is severe if it is allowed to persist. It impacts negatively on investors’ confidence, economic growth…
Read More
President Mbumba gains insight into green economy advances
08 Apr

President Mbumba gains insight into green economy advances

info_e12wt4csFeatured
Niël Terblanché President Nangolo Mbumba took strides towards advancing Namibia's green economy and economic independence during engagements in Lüderitz over the weekend. He initiated several projects aimed at promoting renewable energy and local development. This included the inauguration of the Hyphen Meteorological Mast to measure wind potential for renewable energy generation, and a visit to the site of the Hyphen Angra Point Industrial Chemical Facility, which showcased infrastructure developments for ammonia storage, water abstraction, and desalination. Mbumba also met with the town council's management, executives from government institutions, and local business leaders to discuss plans for upcoming projects aimed at…
Read More
Like Us
Follow Us
Subscribe Us
Follow Us
LinkedIn