Kora Awards

NTB running out of funds, seeking govt intervention

NTB running out of funds, seeking govt intervention

Eba Kandovazu THE Namibia Tourism Board (NTB), which in 2016 lost millions to the Kora Music Award organisers for a no show, will need the Government's intervention to keep it going as of November this year. The NTB board currently only has money to pay for salaries and operations until that month. Chief Executive Officer (CEO) Digu //Naobeb says the board is currently engaging Government as a shareholder to seek intervention. Sarl Mundial Telecom, a company owned by Ernest Adjovi, owner of the Kora Awards is being sued for US$ 1.5 million (N$ 23.5 million) which NTB paid in 2015…
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