Namfisa CEO highlights regulatory challenges

The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (Namfisa), Kenneth Matomola, has raised concerns regarding the current regulatory framework, saying it hampers Namfisa’s ability to fulfil its mandate. During a briefing at the Government Information Centre (GIC) on Tuesday, Matomola said Namfisa is tasked with overseeing non-bank financial institutions, but outdated laws […]

Namibia revamps resettlement policy to address land redistribution challenges

Resettlement involves more than just land distribution; it also involves securing tenure rights, planning land use, and addressing infrastructure and farm rehabilitation. The Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, expressed these sentiments in his ministerial statement on the Revised National Resettlement Policy of 2023–2033. The Revised Resettlement Policy reflects the government’s dedicated […]

Parliamentary Committee raises concerns over the misuse of funds for capital projects

The Chairperson of the Parliamentary Standing Committee on Constitutional and Legal Affairs, Cletius Karondo, says that funds allocated to some capital projects are not used for the intended projects. Karondo made the remarks at Katima Mulilo, where the Committee assessed the existing planned capital projects and those under construction. Karondo says that after getting clear […]

PDM requests withdrawal of UPM members from National Assembly

The Popular Democratic Movement (PDM) has requested the withdrawal of two parliamentarians affiliated with the United People’s Movement (UPM) from the National Assembly. Manuel Ngaringombe, PDM’s Secretary General, pointed out a breach of the PDM-UPM Alliance Agreement, triggered by UPM’s recent alliance with the National Empowerment Fighting Corruption (NEFC). Addressed to Professor Peter Katjavivi, the […]