Category: National
GIPF Sued for N$228 Million For Investment Decision
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) is embroiled in another dispute, this time with Baobab Capital, a now-defunct Namibian investment firm. This comes after the company filed a lawsuit against the Fund, demanding N$228 million in damages….
GIPF Says It Will Protect Its Assets After Court Loss
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) says it remains resolute in protecting its investments and assets and maintaining public transparency. This comes after the High Court last week dismissed the Fund’s urgent application to prevent fund…
Itula Concedes Election Results
By: Uaueza Kanguatjivi Independent Patriots for Change (IPC) leader Panduleni Itula has conceded the 2024 Presidential elections. This comes after a five-judge bench of the Supreme Court on Friday threw out Itula’s case in which he sought to have…
Nujoma Laid to Rest …farewell Son of the Soil
By: Justicia Shipena On a warm Saturday afternoon, just 21 days shy of marking 35 years of freedom and independence, Namibia laid its Founding President Dr. Sam Shafiishuna Nujoma to rest. His burial was attended by his family, three…
Illegal Fencing Shrinks Grazing Land in Kavango West
By: Annakleta Haikera Farmers and residents of Kavango West are urging the communal land board to take swift action against the rising trend of illegal fencing on communal land, which is severely limiting livestock grazing areas. This growing…
Nujoma Commended for Contributions to Education and Local Government
By: Uakutura Kambaekua The late Dr. Sam Nujoma, Namibia’s anti-apartheid champion and first President from 1990 to 2005, continues to receive praise and admiration following his recent passing. Nujoma, affectionately known as the “Father of the Nation,” earned…
Preparations on Track for National Cricket Stadium
By: Dwight Links The construction of Namibia’s national cricket stadium, located next to Independence Stadium and the Hage Geingob Rugby Stadium in Windhoek, is progressing well, with much of the seating and entertainment facilities taking shape. Cricket Namibia’s…
Swakop Uranium Workers to Acquire Shares Through Payroll Deduction
By: Nghiinomenwa-vali Erastus NAMITVEST Investment Holdings and Swakop Uranium have entered into a groundbreaking payroll deduction agreement that allows mineworkers to invest in shares, promoting the creation of generational wealth. The agreement, signed last Thursday at Husab Towers…
Court Favors Myrtle in N$450 Million GIPF Shares Dispute
By: Uaueza Kanguatjivi Myrtle Growth Capital has won a court battle in which the Government Institutions Pension Fund (GIPF) filed an urgent application to stop it selling or liquidating shares worth N$450 million held by the Namibia Mid-Cap…
Namibia Running Out of Time on Beneficial Ownership Filing
By: Nghiinomenwa-vali Erastus Namibia’s bid to exit the Financial Action Task Force’s (FATF) greylist is at risk due to delays in implementing beneficial ownership regulations, despite progress on other compliance issues. The country has made strides in addressing…