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China’s Yintai Gold Acquires Osino Resources for N$5.2 Billion
By: Staff Writer Chinese mining company Yintai Gold has emerged as the foreign entity that persuaded Osino Resources to abandon Dundee Precious Metals’ N$4 billion takeover offer in favour of its superior N$5.2 billion cash acquisition. Yintai Gold’s…
Trade Union Eyes Promised Salary Hikes in 2024 Budget
By: Justicia Shipena The Trade Union Congress of Namibia (Tucna) Secretary General, Mahongora Kavihuha, is hopeful that the 2024 national budget will honour the promised salary increments for civil servants. In November last year, the Namibia Public Workers Union…
SOEs Have Turned into Financial Parasites – Baumann
By: Justicia Shipena As the National Assembly awaits the tabling of the 2024/2025 national budget today, human rights activist Linda Baumann has criticised the operations of the state-owned enterprises (SOEs) arguing that the entities have now morphed into…
NAMDIA Commits N$500k to Cleft Palate Reconstruction Program
By: Hertha Ekandjo Over the past three years, the Namdia Foundation has dedicated half a million Namibian dollars to support a Cleft Palate Reconstruction program aimed at assisting Namibian children in need of corrective surgery. In a continuation…
Health Ministry Appreciates Ohorongo’s Generous Donations
By: Hertha Ekandjo The Ministry of Health and Social Services has received a generous donation of medical supplies and other equipment valued at about N$4 million. The donation was made by Ohorongo Cement with the support of the…
Katjimune Calls for Probe into SME Financing Challenges
By: Dolly Menas Lawmaker Maximalliant Katjimune has called upon parliament to launch an investigation into the obstacles surrounding Small and Medium Enterprise (SME) financing in Namibia. Katjimune contends that such an inquiry is essential to enhance access to…
Potato Farm Training for Small-Scale Farmers as Country Battles Imports
By: Loise Shiimi With Namibia importing 65% of its potatoes from South Africa, valued at N$538 million annually, the Namibian Agronomic Board (NAB), in collaboration with the National Association of Horticulture Producers (NAHOP), is conducting free training sessions…
Demand for Otjomuise Plots Surges … but outlook for construction sector remains gloomy
By: Staff Writter Otjomuise has emerged as a hotspot for construction activity, recording the highest value of approved house plans by the City of Windhoek for January 2024, totaling N$18.2 million. Financial analysts at Simonis Storm Securities attribute…
OPINION: Grey-listing is Not a Death Sentence
By: Josef Kefas Sheehama It’s crucial to remember that greylisting does not have to define Namibia’s economy, even though it frequently makes people feel more anxious. Namibia can continue engaging in Anti-money Laundering and Combating the Financing of Terrorism…
Opinion: Know the Most Common Types of Bank Frauds
By: Johnny Truter International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain…