Category: News
BANKS ORDERED TO REDUCE THEIR DEFAULTING LOANS’ COLLATERAL VALUE
By: Nghiinomenwa Erastus Commercial banks must now implement a once-off collateral haircut of 30% on loans once they become non-performing. The central bank has ordered the banks in its Determination on Policy Changes in Response to Economic and Financial Stability…
MY CONTRACT AS PRESIDENT ENDS 20 MARCH 2025 – GEINGOB
President Hage Geingob said Namibia’s two-term Presidential limit as per article 29 of the Constitution is sacrosanct. Geingob released a statement to respond to an opinion piece written by Josephat Inambao Sinvula and published in the New Era newspaper on…
SWARTBOOI CONFIRMS COURTING IPC FOR WINDHOEK…SAYS THEY WILL OPPOSE LUTOMBI FOR CEO
By: Andrew Kathindi Landless People’s Movement (LPM) leader Bernardus Swartbooi has confirmed that negotiations with Independent Patriots for Change (IPC) for a coalition in the City of Windhoek council have nearly been finalised. The move could spell the final nail…
KAWANA ISSUES NEW IDS TO GEINGOB, GEINGOS
By: Andrew Kathindi Minister of home affairs Albert Kawana handed over new identity (ID) cards to President Hage Geingob and First Lady Monica Geingos on Thursday at the State House in Windhoek. Founding President Sam Nujoma and former President Hifikepunye…
RETIREMENT FUNDS CRUCIAL FOR LOCAL INVESTMENT – PM
Prime Minister Saara Kuugongelwa-Amadhila said the main aim of the retirement funds is savings mobilisation for future protection of the earnings of members and are crucial for local investment. Kuugongelwa-Amadhila said this when she addressed the 14th Conference for…
FORMER DEPUTY PM’S WIFE THREATENS TO SUE LPM COUNCILLOR
By: Kelvin Chiringa The Landless People’s Movement (LPM) regional councillor in Aranos, Salomon Boois has been accused by his business partners of fraudulently reducing their shareholding in Queen Sophia Fishing CC. Boois stands accused of taking 15% shares of former…
MINISTRY TO GIVE DIRECTIVES ON SCHOOL PROGRESS REPORTS FOR 2022
By: Justicia Shipena The education ministry executive director, Sanet Steenkamp, said the ministry will give directives on how progress reports for the academic year of 2022 will be adjusted. This comes as the ministry announced that the covid-19 pandemic changed…
KASHIKOLA CLAIMS MISSING FIREARMS REPORTS ARE ALLEGATIONS
By: Andrew Kathindi The Deputy Minister of Home Affairs, Immigration, Safety and Security Daniel Kashikola says that the missing guns and ammunition from the Windhoek police depot may not be missing, and it remains an allegation. This comes as both…
NAM EXTRACT AND SHIPS OFF 1000S OF CARATS, TONS OF ZINC, URANIUM, AND GOLD
By: Ngiinomenwa Erastus For the past nine months, the multinational companies have extracted on average 104 952 carats of diamonds and 6 014, 33 tons of zinc from Namibia. In addition, every month, 469, 85 tons of uranium is extracted…
TWO MINISTRIES TO SPEND N$99,9M ON FOOD PROCUREMENT
By: Nghiinomenwa Erastus One of the various farmers and upcoming food processors outcries is the lack of market for their products and off-take agreement. Despite the challenge farmers face, two of the social sector ministries have just used the emergency…