Windhoek Observer

Martin Endjala The Bank of Namibia wants credit decisions taken in Namibia in order to ensure a banking sector system that works for the people of the country. Johannes !Gawaxab, the Governor of the Bank of Namibia made the statement following a courtesy meeting with President Hage Geingob at State House on Tuesday. The visit to the State House was to provide the Head of State with the BoN’s annual briefing on issues of economic concern. “We want a banking sector system that works for Namibia. We want decision-making to be centralised and happening in Namibia,” !Gawaxab said. He stated…

Stefanus Nashama The City of Windhoek’s Former Mayor and Affirmative Repositioning Leader, Job Amupanda has expressed his satisfaction with the Government Institutions Pension Funds’ pension-backed home loan initiative. Amupanda yesterday told the Windhoek Observer that he is happy that after several years of advocacy and drumming of superior logic, the Government Institutions Pension Funds (GIPF) has understood and acted on the side of the workers. This follows after the outgoing GIPF Chief Executive Officer David Nuyoma recently said the fund expects to finally roll out pension-backed home loans to help workers secure houses in the coming weeks. Nuyoma said that…

Martin Endjala Following a recent visit by Erastus Uutoni, the Minister of Urban and Rural Development to the Karasburg Town Council, residents were quick to expose the local authority’s purported dirty laundry. One of the issues brought to light is the dormant build-together programme that was implemented by the ministry but has for a decade failed to construct new houses. Angry residents claimed that the Council has been mismanaging the funds allocated to it, with some also revealing that some residents, who are on the list for houses to be built are those who have not been paying anything, whilst…