Author: Nghiinomenwa-vali Erastus
More Than N$110Million Spent On Horticulture Import In 3 Months
By:Nghiinomenwa-vali Erastus For the first three months of 2023, the country spent N$111.1 million to import 10 of its most consumed horticultural products. This is detailed in the 2023 first-quarter Agriculture and Fishing Indicators Statistical Bulletin released by the Namibia…
Govt Will Accept Unsolicited Project Proposals, But Will Still Go To Tender
By:Nghiinomenwa-vali Erastus A private party – be it an individual or company – may identify a project that meets certain requirements and propose it to the government to be implemented under the Public Private PartnershipAct as a PPP project. However,…
Nam Close Corporation Companies Being Used To Fund Terrorism And Money Laundering …Namibian Police have a CC suspected as a potential subject of terrorist acts and terrorist funding
By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In…
Nam To Assess Angola Lobito Refinery Stake Offer …in light of Ngungula Service
By:Nghiinomenwa-vali Erastus Namibia will look into a proposal by Angola for the country to buy a stake in the planned Lobito Refinery, according to the updates from the Ministry of Mines and Energy. The Ministry spokesperson Andreas Simon said this…
A Safer Namibia Is Easy To Conduct Business
By:Nghiinomenwa-vali Erastus Ohorongo Cement, one of Namibia’s first cement manufacturers, has donated 200 bags of cementto the Ministry of Home Affairs, Immigration, Safety and Security to improve the living conditions of officers deployed at the variousborder postsaround the country. Following…
ECB Weighs In On NamPower’s Debt Recovery Plan
By:Nghiinomenwa-vali Erastus The country’s electricity regulator has warned that, in the future, no debt recovery plan should compromise life-saving services and disturb the energy supply to those in good standing. This is in response to NamPower’s debt recovery plan that…
Anti-Competitive Behaviour Rocks Nam Economy…Now bankers are allegedly putting barriers for new property valuers
By:Nghiinomenwa-vali Erastus From the pharmaceutical companies fixing prices, collusion on panel beating and short-term insurance companies agreeing to unintentionally collude, more anti-competitive behaviour is being reported to the country’s competition watchdog. The latest is the property valuation sector where potential…
15 Days To Introduce Greylisting Averting Amendments …a litmus test of political will and commitment
By:Nghiinomenwa-vali Erastus Finance Minister Iipumbu has given his fellow parliamentarians 15 days to prioritise relevant amendments and to table new laws to address the country’s technical deficiency to fight financial crimes. Shiimi called for the highest political commitment, despite an…
CoW To Cut Off Defaulting Customers By 19 June
By:Nghiinomenwa-vali Erastus From the pain of inflation to defaulting on debt payment, the City of Windhoek (CoW) is now implementing its strict credit control policy, starting on the 19 June. “Please be aware that our Debt Management division will embark…
Miners Ok With Ban But Not Minister’s Discretionary Power
By:Nghiinomenwa-vali Erastus and Fransina Nghidengwa The country’s miners’ representative has indicated the Cabinet’s decision to ban the export of critical minerals are not impactful to their operation but they will engage on the discretionary power given to the Minister of…