Category: News
EMERGING MARKETS AND CRYPTOIZATION RISKS…CRYPTO RISK WIDENS WITHOUT CONTROL MEASURES
By: Nghiinomenwa Erastus The acceleration of cryptoization in emerging economies can circumvent exchange and capital control restrictions without a regulatory framework. The International Monetary Fund (IMF) highlighted in its Global Financial Stability Report, October 2021. While noting that the financial…
AR SPARS WITH SPAR OSHAKATI
By: Kelvin Chiringa The Affirmative Repositioning Movement has knocked heads with Spar Oshakati, which has refused to issue a public apology over accusations of gross violations of workers’ rights and condition of work. AR spokesperson, Simon Amunime, reported that workers…
RETIREMENT FUNDS LIQUIDITY WITHOUT STEAM…INSUFFICIENT CURRENT ASSETS TO COVER CURRENT LIABILITIES
By: Nghiinomenwa Erastus The country’s active pension funds have been struggling with liquidity since 2018, Namfisa 2020 annual report shows. Liquidity is a measure of a pension fund’s ability to meet its short-term financial obligations as they fall due. In…
GEINGOB’S ‘GO TO HELL’ GAFFE…STATEHOUSE IN CRISIS MANAGEMENT
By:Kelvin Chiringa Statehouse has denied that President Hage Geingob told the central community members to “go to hell” after they failed to sing party songs. The widely circulated video shows Geingob, flanked by the Swapo Party secretary-general Sophia Shaningwa, slumping…
FATHER KILLS SON OVER PARENTHOOD ARGUMENT
A Katima Mulilo man is in custody after throwing his three-month-old boy son on top of a roof. The police say that the man had confronted his girlfriend regarding the boy’s father. The unnamed man, aged 29, committed the…
THE ARMY CALLS THE VACCINATIONS SHOTS…SOLDIERS ORDERED TO VACCINATE AGAINST COVID-19 NOW
By: Andrew Kathindi The Namibia Defence Force (NDF) members will be subjected to mandatory COVID-19 vaccination, with immediate effect from 29 September 2021, the NDF chief, Air Marshall Martin Pinehas, has announced. Defence minister Frans Kapofi has defended the move….
DISCORD ROCKS TOURISM SECTOR…OPERATORS TURN AGAINST EACH OTHER
By: Kelvin Chiringa The local tourism sector is currently in the midst of a discord as associations are shunning each other at the back of accusations that some are creating havoc for others. As the sector readies to benefit from…
GOVT SEEKS N$550M TO BE PAID BACK IN JANUARY
By: Nghiinomenwa Erastus The Bank of Namibia has sent out a notice to potential investors and wannabe investors that it seeks to borrow N$550 million by Thursday this week. Treasury Bills are short-term government debt instruments issued by the Namibian…
IMALWA RESPONDS TO TAMSON…IF NEED BE THERE WILL BE SEPARATE TRAILS
The Prosecutor General Martha Imalwa says if need be, the local Fishrot accused and the Icelandic Fishrot accused may be prosecuted in separate trials. Imalwa says this in her answering affidavit to the one deposed of by Tamson Hatuikulipi on…
SWAPO’S THINK-TANK…ANOTHER LOUD SOUNDING NOTHING?
By: Kelvin Chiringa The ruling Swapo Party’s recently appointed political think tank may not be the party’s saving grace between now and the next presidential elections if it does not stand out as an autonomous body that calls a spade…