Author: Justicia Shipena
Anti-money Laundering Training Dubbed Unethical
By:Justicia Shipena, Hertha Ekandjo and Fransina Nghidengwa Prosecutor General Martha Imalwa has told Namibian lawyers not to be afraid of prosecutors and magistrates being trained to make them “strong”. On Tuesday various legal practitioners gunned for the PG office which…
Lionel Mathews Undecided About Namcor Offer
By: Justicia Shipena Lionel Matthews declined to confirm if he will be taking on the position of acting Managing Director of the troubled National Petroleum Corporation of Namibia (Namcor). The former Nedbank Managing Director, now advisor to the Ministry of…
Expect Another Repo Rate Hike Next Week
By: Justicia Shipena With the inflation increase, economists at Simonis Storm project that the Bank of Namibia (BoN) will hike the repo rate by 25 basis points. The central bank is expected to announce the repo rate on 19 April,…
CIF Calls On Tender Requirements To Met AfDB Policies … says AfDB pre-qualification requirements excludes Namibian contractors
By: Justicia Shipena Despite existing procurement policies and laws of the African Development Bank (AfDB), efforts need to be made to engage local majority Namibia-owned businesses. This was the view of the Construction Industries Federation of Namibia (CIF). CIF recently…
Investments Into Digital Transformation Increases – BoN
By: Justicia Shipena The Bank of Namibia (BoN) this week concluded a visit to the Central Bank of Kenya (CBK), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher…
SA Law Firm Says Mulunga Mis-read Board Approval Situation
By: Justicia Shipena A South African law firm Cliffe Dekker Hofmeyr Inc.which was tasked to investigate the National Petroleum Corporation of Namibia’s (Namcor) N$100 million Angola oil payment, found that the payment had to be authorised by the board….
Holiday Repayments In 2022 Receive Over 100 000 Applications
By: Justicia Shipena In 2022, the banking industry received over 100,000 applications for repayment holidays, the Bank of Namibia (BoN) revealed last week. “During 2022 the banking industry received a total of 122,819 applications for repayment holidays,” said Kazembire Zemburuka,…
Seibeb Calls On Lithium Factory To Be Established In Uis …says Namibia should impose moratorium
By: Justicia Shipena Landless People’s Movement (LPM) member of parliament Henny Seibeb has called for a community owned lithium factory to be established in Uis, with 60% shares. Seibeb also proposed the imposition of an embargo on the lithium industry….
N$1.8 Million Donated To Malawi Not A Problem – Analyst
By: Justicia Shipena International relations analyst Marius Kudumo says there is nothing wrong with Namibia donating money to Malawi for humanitarian assistance. On Thursday, Minister of Information and Communication Technology Peya Mushelenga announced that Cabinet has approved a donation of…
42% Major Sectors Reportedly Back To Pre-Pandemic Levels … as risk of economic growth remains
By: Justicia Shipena Only 42% of major sectors have recovered back to pre-pandemic levels, according to the economists at Simonis Storm Securities. The Covid-19 pandemic which did not only affect major sectors but livelihoods was recorded in Namibia in March…