The recently appointed Namibia Broadcasting Corporation (NBC) board has opted to renew the contract of current Director-General Stanley Similo for another five years.
The reappointment is effective 1 October 2020.
“We are looking forward to a continued fruitful and productive working relationship as we endeavor to usher the national broadcaster into a technology savvy company which broadcasts with its stated mission of educating, informing and entertaining the Namibian nation,” Chairperson Lazarus Jacobs said.
Similo’s appointment comes as the national broadcaster is faced with a cash squeeze, a development which saw it moving from being a 24 hour broadcaster to ending transmission at 9 pm as part of cost containment measures, which also includes cutting indigenous news bulletins and retrenching staff.
The broadcaster heavily relies on a government subsidy for its operations, which has been reduced over the years, from N$237 million in 2014/15 to N$140 million in 2019/20.