Category: Top Stories
Russian Owned Company Accused of Drilling Irregularities
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One…
Surviving the Harsh Desert Environment – Meet Utuseb’s Townfolk
By: Dwight Links Located 54 km outside of Namibia’s coastal town Walvis Bay, lies the small settlement of Utuseb. Here, the community is nestled along the Kuiseb River on one side, while the opposite river bank is bordered…
Increased Transaction Fees and Loan Book Expansion Drive Capricorn Group’s Profits
By: Staff Writer Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year. This marks an 18.5%…
Schlettwein Reacts to “Disappointing” Agriculture Budget Allocation
By: Justicia Shipena Agriculture Minister Calle Schlettwein has expressed concern that the already struggling green schemes projects are unlikely to achieve their full production capacity due to the latest budget allocation. Schlettwein says one of the factors which have…
Govt To Pay Back N$2.3 Billion In GC24 Redemption
By: Nghiinomenwa-vali Erastus Depending on the outcomes of the lined-up switch auctions in the next six months, the government would need to repay the N$2.3 billion borrowed through the GC24 internal registered bond over the years. Data from…
Grey-listing Could Negatively Affect Namibia’s GDP by 6%
By: Staff writer Namibia’s recent grey-listing by the anti-money laundering watchdog Financial Action Task Force (FATF) could have a detrimental impact on the country’s Gross Domestic Product (GDP) by up to 6%. The grey-listing occurred on Friday following a…
Late President Geingob Laid to Rest … former Presidents urge nation to emulate Geingob
By: Nghiinomenwa-vali Erastus President Hage Geingob, who passed away after a brief battle with cancer, was laid to rest at Heroes Acre on Sunday. The funeral drew thousands of mourners, including 25 heads of state and former presidents….
NSFAF Recovery Campaign Nets Only N$41 Million in Three Years …Publication of defaulters’ names remains a possibility.
By: Hertha Ekandjo Since the launch of its national recovery campaign in 2021, the Namibia Student Financial Assistance Fund (NSFAF) has managed to recover approximately N$41 million from over 95,000 beneficiaries who owe the institution. However, out of…
Namibia Likely To Be Grey-Listed After Reforms Deadline Failure
By: Justicia Shipena There are high chances that Namibia would be greylisted by the Financial Action Task Force (FATF) following its failure to fully implement all the recommendations outlined in the Mutual Evaluation Report. Finance Minister Iipumbu Shiimi…
Osino Resources Rejects Dundee’s N$5.1 Billion Takeover Bid
By: Staff Writer Osino Resources, a Canadian gold miner, has opted to turn down a recent takeover bid by Dundee Precious Metals in favor of accepting an offer from an undisclosed foreign-based mining company. In a statement released…