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Lawyers Accuse Commercial Banks Of Abusing Home Loan Defaulters
By: Justicia Shipena Metcalfe Beukes Attorneys claim commercial banks in Namibia continue to harass home loan debt defaulters to the point of economic exploitation. This was stated by the law firm in a letter dated 3 May 2023 and written…
Understanding the Context of Pensions in Namibia in 2023 – Part 3B
By: Carmen Forster Retirement considerations The Income Tax Act, Act No 24 of 1981 (the ITA) indicates how retirement benefits are to be taxed when a member retires. Provident funds If the member is retiring from a provident…
Not the kind of life a human being should live’: How Namibia’s sanitation crisis is endangering its people and its future
By: Frederick Clayton and Sonja Smith Every day, Natalia Shaanika, 15, escorts her five younger siblings across a busy road to a landfill site to relieve themselves. As they squat – partially hidden by scraps of corrugated iron and used…
Understanding the Context of Pensions in Namibia in 2023 – Part 3A
By: Carmen Forster This is the third article in the series on ‘Understanding the Context of Pensions in Namibia in 2023’. We have been looking at the Namibian pension provision per the Pillars defined in the World Bank Pension…
Impact Raises Cash To Stay In The Game Offshore Namibia
By:Staff writer Total spudded the Venus-1A well on March 4. It will also re-enter the original discovery and test both wells. Impact Oil & Gas has secured additional financing through an open offer, allowing it to stay the course inNamibia…
Eenhana Sports Complex Nears Completion
By:Justicia Shipena The Eenhana sports complex, which has been under construction for almost ten years, is nearing completion and will be in the hands of the Sports Ministry by June of this year. This was revealed by the Minister of…
Standard Bank Namibia Raises N$400 Million In 2022 For Renewable Projects
By:Justicia Shipena Standard Bank Namibia Holdings Limited raised N$400 million in debt capital markets funding in 2022 through a green bond sale, said its outgoing Chief Executive Officer Mercia Geises. The bank has released its annual report for 2022 in…
Faith in ‘cheap solutions’ as sanitation sector fails
By: Frederick Clayton and Sonja Smith XhukaShorty and his family are San, an indigenous group of people in southern Africa. Eight years ago, he and 16 members of his family were evicted from the farmland where they had lived and…
Outlook Either Too Bleak Or Nam Projects Too Risky
By:Nghiinomenwa-vali Erastus December 2020 to date, real private sector credit extension has been negative, indicating that less credit has been extended to the private sector, saysstockbroker and wealth management company, Simonis Storm. The last time annual real private sector credit…
How To Do More With Less
By:John Saunderson In 2007 I joined the City of Windhoek as Head of Passenger Transport Regulation. At the time, the City had experienced poor public transport infrastructure, bus services and budgets. Now, the public bus transport service is essentially a…