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Namcor Cannot Share All Info On Oil Deals With Public…As BoN Governor calls for legal framework in the oil and gas sector
By: Justicia Shipena Suspended Managing Director of the National Petroleum Corporation of Namibia (Namcor) Immanuel Mulunga said clauses in Namibia’s oil agreements with international corporations require confidentiality, and that some information cannot be shared with the public. “Namcor being a…
“We sleep in sewage” – Government promises change but Namibians still suffering
By Frederick Clayton and Sonja Smith Ever since independence, Namibians have sought education, employment and better lives in Windhoek, the country’s political and industrial epicentre. It’s harder to make a living in rural Namibia – southern Africa’s driest savannah –…
N$16,2 Million Saving Available In Case Of Bank Struggles
By: Nghiinomenwa-vali Erastus In the event of a commercial bank filing for bankruptcy, 4,9% of Namibia depositors’ money is fully insured and can be returned while 95% is partially covered. This is according to the 2022 annual report of the…
Local Cosmetics Producers Export N$64 Million Worth of Products Despite Challenges
By: Hertha Ekandjo Namibia’s 34 local cosmetics producers exported N$64 million worth of products abroad, predominantly to the European market. Speaking at the launch of the Ondangwa Trade and Industrial Exhibition, Minister of Industrialisation and Trade Lucia Iipumbu said this…
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…