Category: News
Namibia Tops Global Income Inequality
By:Justicia Shipena Income inequality is on the rise in many countries around the world, according to the United Nations and Namibia is no exception as it is seen as one of the most unequal societies globally. The latest report released…
Minister Blames Officials For Lithium Over-Exportation
By:Hertha Ekandjo Mines and energy minister Tom Alweendo says that negligence from his ministry’s officials responsible for dealing with export permits led to Chinese mining company Xinfeng Investments being issued with export permits totaling 135 000 tons of crushed ore….
Capricorn Foundation Invests In Childhood Development
By:Nghiinomenw-vali Erastus Last week the Capricorn Foundation again committed N$300 000 towards the Amos Meerkat Syllabus (AMS) project. “Supporting early childhood development is an investment that goes a long way and has a lasting impact on the future of Namibia,”…
Debmarine diamond “theft” saga reaches PG Office
Staff writer Mines minister Tom Alweendo has said that he has opened a criminal case with the police in connection with a report that a billion-dollar worth of Namibian diamonds were stolen on a Debmarine vessel. The diamond theft saga…
Trustco, BON Clash Commences In High Court
By:Eba Kandovazu The Bank of Namibia BoN) will have to explain itself to the Windhoek High Court why it failed to deliver the review record which was due to be done on 17 October. The central bank also did not…
Lawmaker Accuses Chinese Company With Cheating …… as mines ministry faces a barrage of questions from lawmakers
By:Megameno Shinana A parliamentary standing committee on economics meeting with the mines minister Tom Alweendo and his team ended on a heated note yesterday afternoon. The discussions focused on the management of Namibia’s mineral resources while huge Lithium exports to…
Ndama residents choose between cooking, drinking or bathing
Annakleta Haikera Some residents in Ndama informal settlements of Rundu in Kavango East say they are tired of having no access to water. They also blame the Rundu town council for not providing them with development in their communities, stating…
DBN Offers Struggling Businesses Safety Net
By:Nghiinomenwa-vali Erastus Various businesses that owe the Development of Bank of Namibia (DBN) and have been struggling to repay their debts have now an option to exchange some of their debt for equity to the bank for a certain period….
Tourism Board Faces ALiquidity Risk …as it incurred a deficit of N$19 million
By:Justicia Shipena Entrusted with implementing the national policy on tourism the country, the Namibia Tourism Board (NTB) now faces a liquidity risk. This was revealed in the latest NTB’s audit report released by auditor general Junias Kandjeke. The audit was…
DBN Offers Struggling Businesses Safety Net
By:Nghiinomenwa-vali Erastus Various businesses that owe the Development of Bank of Namibia (DBN) and have been struggling to repay their debts have now an option to exchange some of their debt for equity to the bank for a certain period….