Author: Julia Heita
NAB TO SUBSIDISE RETAILERS FOR EYE-CATCHING LOCAL PRODUCES DISPLAY
By: Nghiinomenwa Erastus On its journey to attract consumers to buy local-grown fresh produce, the Namibia Agronomic Board will subsidise retailers for eye-catching local produce displays. The board announced in a statement placed on its website. The board explained that…
SUSPECTED POTENTIAL TAX EVASION OF N$47,3BN IN 4 YEARS
By: Nghiinomenwa Erastus For the past four years, N$47,3 billion was suspected of having gone through the country’s financial system as potential tax evasion. At the end of 2018, the FIC flagged N$7,3 billion as a potential tax evasion. However,…
MTN DOESN’T NEED TO CO-INVEST IN MTC INFRASTRUCTURE
By: Nghiinomenwa Erastus The regulator says that the South African telecommunication giant MTN does not need to co-invest with MTC to share its existing telecommunication infrastructures. A statement released on Wednesday by the Communication Regulatory Authority of Namibia (Cran) rubbishes…
SOLD AS WHOLE, UNGUTTED, HEAD AND TAIL ON …IS NO MORE ABOUT CATCHING MORE FISH BUT ADDING VALUE
By: Nghiinomenwa Erastus Currently, most of Namibia’s masbanker Total Allowable Catch is frozen on-board of large freezer vessels, and it does not reach on-shore for some value addition. The masbanker/horse mackerel account for 68% of the production of…
PDM’S INNA HENGARI’S MOTION…YOUTH UNEMPLOYMENT MUST GO BEYOND TALKS
By: Andrew Kathindi Popular democratic movement (PDM) member of parliament Inna Hengari says that the motion which seeks to discuss and debate the youth unemployment crisis in Namibia must go beyond talks. Hengari tabled the motion in parliament on Tuesday…
KUNENE LOSES 100 000 LIVESTOCK IN 3 YEARS
By: Nghiinomenwa Erastus Kunene Region carrying capacity for livestock has dropped by more than 50%, and over the last three years, more than 100 000 cattle have been lost. Environmental Investment Fund (EIF) has stepped in by investing N$130…
HATE SPEECH FUELS EXTREMISM, SAYS GEINGOB
President Hage Geingob says that hate speech fuels extremist views and is a cause of great concern, which has seen a growing trend of extremism worldwide. Geingob made these remarks at the global ministerial conference on the role of education…
GOVT SEEKS INVESTORS TO SWITCH N$1B TODAY
By: Nghiinomenwa Erastus The central bank, on behalf of the government, seeks investors to switch their N$1 billion or more investment in the inflation-linked bond, G122 today (27 October). The switching of investment is to existing long-term borrowing instruments rather…
KEETMANS BLAMES STAFFING FOR NEGATIVE AUDIT REPORT
By: Andrew Kathindi The Keetmanshoop executive management has blamed challenges of understaffing for an adverse audit report opinion from the auditor general for the 2016/2017 financial year. This was said at a public hearing by the national council standing committee…
NAM IN A CORNER, FARMING OR URANIUM
By: Nghiinomenwa Erastus The Namibia Agricultural Union has consulted a geologist to provide further information on the underground water and the impact of the uranium extraction process. In the release by the union, this week has indicated that they have…