The Namibia Financial Supervisory Authority (NAMFISA) intends to implement the Microlending Act aimed at protecting consumers. This was revealed by Its Chief Executive Officer Kenneth Matomola when he launched the company’s 2019 Annual Report.
Unclear and inefficient reporting structures, as well as ignoring of violence and harassment cases at workplaces, remain a cause for concern in Namibia. This is contained in a report launched by the Ministry of Labour, Industrial Relations and Employment Creation in Windhoek.
The rise in oil price globally could also affect Namibia. The price surge follows a weekend attack on oil facilities in Saudi Arabia, that halted nearly half of that country’s oil production, which is 5% of the global daily oil supply.
The three people arrested in connection with the 2009 fraud scandal in which the Ministry of Finance bought security scanning equipment at alleged inflated prices from a Chinese company, Nuctech, were found not guilty on fraud and corruption charges. The trio are former Public Service Commission, Teckla Lameck, her business partner Jerobeam Mokaxwa and Chinese […]
Students at the Namibia University of Science and Technology (NUST) have been urged to venture into entrepreneurship programmes to transform themselves into businesswomen and men. The call was made at Entrepreneurship Day and the launch of the NUST Start-Up Club held under the theme ‘Transforming Lives through Entrepreneurship’.
Residents of Windhoek have been encouraged to continue adhering to water savings measures as the city is still experiencing a water shortage. The level of Von Bach Dam stands at 25% and the council warned that Windhoek could run dry if the situation does not improve in the next 12 months.
The Namibian Agronomic Board (NAB) describes mahangu production this year as poorer than in previous years. The poor harvest was attributed to poor rainfall experienced across the country.
Most village councils are still failing to submit proper financial statements and follow appropriate financial frameworks. This was revealed by the Auditor-General Junias Kandjeke at the opening of the seventh Stakeholders Briefing Session of Village Councils in Swakopmund.
First National Bank (FNB) through the First-Rand Namibia Foundation Trust donated a resuscitation training machine to Oshakati Intermediate Hospital in the Oshana Region. The resuscitation equipment valued at N$350 000 is used to inflate the lungs of an unconscious person who is not breathing to keep them oxygenated and alive. At the event, Health Minister […]
A total of 84 Namibians who fled the country during a failed secessionist attack in 1999 were deported back home from Botswana where they have lived for the past 20 years. The attack aimed to separate the former Caprivi Region, now Zambezi, from the rest of Namibia.
