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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…
Slow Growth of Capricorn’s Loan Book Sparks Concerns Over Future Earnings
By: Staff writer The Capricorn Group’s slow growth of its loan book is raising doubts about its ability to maintain strong earnings, as rising costs and potential margin pressures add to the challenges. The Group’s gross loans and advances…
The Silent Threat To Your Organisation: Managing Third-Party Security Risks
By: Thank-You Hauwanga Imagine a world where your entire security infrastructure rests on a single foundation. What happens when that foundation crumbles? A software update could lead to a major failure, affecting multiple endpoints and paralysing key systems. One vulnerability…
Shiimi Raps NIDA Over Knuckles For N$3 Billion Non-Performing Assets
By: Uaueza Kanguatjivi, David Shoombe Finance Minister Iipumbu Shiimi has urged the Namibia Industrial Development Agency (NIDA) to use its N$3 billion worth of assets to drive sustainable growth. This comes after the entity reported a N$102 million loss…
Industrial Seismic Activity Won’t Impact Monitoring, CTBTO Says
By: Justicia Shipena The Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) has reaffirmed its ability to distinguish between mining explosions and nuclear detonations, maintaining that its global monitoring system remains effective despite increased seismic activity from industrial operations. Speaking on…
Namibia’s Efforts to Exit FATF Greylist Not Over
By: Justicia Shipena Namibia’s potential failure to exit the Financial Action Task Force (FATF) greylist by the end of its current cycle in March 2025 will not mark the end of the country’s efforts, according to economist Salomo…
NWR Denies Plans to Sell 14 Loss-Making Resorts
By: Justicia Shipena The Namibia Wildlife Resorts (NWR) has refuted claims that it intends to sell or transfer 14 of its lodges and resorts to private ownership. A leaked internal letter dated 25 February 2025, signed by NWR…
New German Govt Puts N$18 Billion Genocide Deal in Jeopardy
By: Justicia Shipena The outcome of recent German elections could jeopardise the N$18 billion joint declaration between Namibia and Germany over the 1904-1908 genocide. In 2021, Germany pledged €1.1 billion (approximately N$18 billion) over 30 years for development…
Namibians to Feel Pinch of Proposed 2% VAT Increase in South Africa
By: Loise Shiimi Namibian economists warn that a proposed 2% increase in South Africa’s value-added tax (VAT) could have a significant impact on Namibian consumers, as the hike contributes to rising costs of goods and inflation. South Africa’s…