School renovation programme to start in second quarter

During the State of the Nation Address in Parliament on Wednesday President Hage Geingob announced that a school renovation programme will commence in the second quarter of 2018. The president last year directed that dilapidated education facilities be renovated. He said the ‘Accelerated School Infrastructure Development Programme’, at a cost of N$1,3 billion Namibian Dollars, […]

NEEEF 25% clause bites the dust

President Hage Geingob on Wednesday announced that the section in the New Equitable Economic Empowerment Framework (NEEEF) draft bill, that was to require Namibian businesses to sell 25% of their businesses to previously-disadvantaged Namibians, has been cancelled. “Let me use this opportunity to put the equity pillar of NEEEF into perspective. The 25% equity stake […]