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Tourism Board Faces ALiquidity Risk …as it incurred a deficit of N$19 million
By:Justicia Shipena Entrusted with implementing the national policy on tourism the country, the Namibia Tourism Board (NTB) now faces a liquidity risk. This was revealed in the latest NTB’s audit report released by auditor general Junias Kandjeke. The audit was…
DBN Offers Struggling Businesses Safety Net
By:Nghiinomenwa-vali Erastus Various businesses that owe the Development of Bank of Namibia (DBN) and have been struggling to repay their debts have now an option to exchange some of their debt for equity to the bank for a certain period….
Canadian Mining Firm Acquires Interest in Mining and Prospecting Licences
By: Staff writer Canadian-based mining firm Madison Metals has acquired 90% direct interest in Mining Licence 86A (ML86A) and Exclusive Prospecting Licence 8905 (EPL-8905) with 10% free carry in favour of the vendor (the “Transaction”). ML86A and EPL-8905 together share…
Mayor Lying About CEO Appointment, Says IPC Windhoek Councillor
By:Hertha Ekandjo Independent Patriots for Change (IPC) councillor Bernardus Araeb has accused City of Windhoek mayor Sade Gawanas of not being honest about investigations into Conrad Lutombi’s appointment as the city’s chief executive officer(CEO). Confirmation of Lutombi’s appointment has been…
Local Insurance Companies Pay Out Billions in Life Insurance Claims
By:Justicia Shipena Between the first quarter of 2020 and the first quarter of 2022 local insurance companies have paid out over N$20 billion in claims from life insurance policies. This is according to economists at Simonis Storms on vehicle sales…
Govt Wantsto Borrow N$3 Billion in Five Months
By:Nghiinomewnwa-vali Erastus For the remaining five months of the current 2022/23 financial year ending 31 March, the government is expected to borrow about N$3 billion from individual and institutional investors. This is after the government’s total borrowing needs for the…
Cost of Living Up as Inflation Shoot Up To 7.1%
By:Hertha Ekandjo The annual inflation rate which indicates the price movement of most consumed goods and services in the economy has gone up by 7.1% in October 2022, says the Namibia Statistics Agency (NSA) monthly report. This is a significant…
UNESCO Project Aims to Preserve ‘The Holy Fire’ Culture
By:Uakutura Kambaekua Okuruuo, also known as ‘the holly fire’, will be documented and adopted on the United Nations Educational, Scientific and Cultural Organisation’s (UNESCO) websitenext year as part of the agency’s ongoing project aimed at safeguarding intangible cultural heritages for…
Public policy analysts bash supreme court ruling on scab-labour
By:Megameno Shinana With a supreme court judgement having ruled two years ago that scab labourers acted independently when performing the work of striking workers, a prominent lawyer Nixon Markus has bashed the court for effectively rendering strikes meaningless. Labour experts…
Opinion: Education Reform: Catalyst for Namibia Mineral Resources Management:
By:Josef Kefas Sheehama An education without technology does not prepare Namibians with the skills that the world requires. Technology should be omnipresent in education. It is the demand for change that propels education systems to produce a country’s innovators, inventors,…