Author: Justicia Shipena
MUN Rejects Rössing Mine Plans On Outsourcing Employment …says it could see 400 workers lose jobs
By: Justicia Shipena The Mineworkers Union of Namibia (MUN) has rejected the life of mine extension by Rössing Uranium. MUN expressed its dissatisfaction and unequivocal discontentment with the manner in which management of the uranium mine is handling the…
Central Bank Agreements Could Allow Namibia To Buy Oil In Its Currency
By: Justicia Shipena If Namibia signs agreements with central banks of oil producing countries, it can make it possible for the country to purchase oil in its local currency, saod Abednego Ekandjo, the Petroleum Economist in the Mines and Energy…
Fraud Transactions On The Rise In Namibia’s Payment System … N$200 banknote dominates faking list
By: Justicia Shipena Over the past five years the national payment system (NPS) has experienced an increase in fraudulent transactions, Bank of Namibia (BoN) has said. “The total value of fraudulent transactions perpetrated within the NPS has increased over the…
Production Cuts By Saudi Arabia Oil Giants A Threat To Pump Prices In Nam
By: Justicia Shipena The cutting of oil production by oil producers led by Saudi Arabia could come as a curse for fuel consumers in Namibia, as the Mines and Energy Ministry says it could spike prices. This week, major oil…
Mines And Energy Ministry To Inject N$23 Million To Promote Exploration
Justicia Shipena The Ministry of Mines and Energy will use N$23 million for the promotion of investment in exploration, the deputy Minister Kornelia Shilunga said in the National Assembly while motivating the Ministry’s 2023/2024 budget. The Ministry requested a budget…
Namcor Board’s Comalie Granted Bail Of N$7 000 …Shiimi Requests IG To Consider Security Threat And Provide Support
By:Justicia Shipena In a packed courtroom, the National Petroleum of Namibia (Namcor) board chairperson Jennifer Comalie made her first court appearance in the Windhoek Magistrate’s Court, portraying a state of anxiety and limping as she walked in. Comalie appeared before…
Swakopmund, Windhoek And Walvis Bay Tops Millionaire City List
By: Justicia Shipena Swakopmund has emerged as one of the wealthiest cities in Namibia for the past 10 years in terms of wealth growth. This is according to the Africa Wealth Report for 2023 which highlighted Namibia’s major cities by…
AG Completed 105 Audit Reports In The 2022/3 Financial Year
By: Justicia Shipena The Office of the Auditor-General has tabled 105 audit reports to the National Assembly for the 2021/2022 financial year. This was revealed by the Minister in the Presidency Christine //Hoebes while motivating the budget allocation of…
ECN To Procure More Tablets For Voters Registration
By: Justicia Shipena The Electoral Commission of Namibia (ECN) is planning to procure additional tablet-based mobile registration kits during the year. When motivating the 2023/24 budget for ECN, the Speaker of the National Assembly Peter Katjavivi said this is in…
Namibia’s Bank System Remains Resilient Amidst Closure Of Banks In The USA – BoN
By:Justicia Shipena The Bank of Namibia (BoN) says Namibia’s banking system remains resilient and sound. This assurance comes after a second US regional bank Signature Bank shut down. A third First Republic Bank has been propped up, while the first…