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Nam Close Corporation Companies Being Used To Fund Terrorism And Money Laundering …Namibian Police have a CC suspected as a potential subject of terrorist acts and terrorist funding
By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In The Non-Profit Organization Sector, which was released in May this year. The 2023 National Risk […]
Why Namibia Must Act Now To Guarantee Fiscal Stability For Energy Investors And Avoid Delays
NJ Ayuk The world is watching Namibia. To be more specific, the energy world is watching. Ever since oil and gas majors Shell (United Kingdom) and TotalEnergies (France) announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin in 2022, interest in additional exploration in the Southern African country has been intense. And so has […]
Namibia’s Honorary ConsulUrges Ugandans To Invest In Namibia
By Staff Writer : The Honorary Consul of Namibia to Uganda, Ambassador Godfrey Kirumira, has urged that country’s local investors to expand their investments to Namibia after the creation of an enabling economic environment. Ambassador Kirumira made the remarks while meeting the local business community during a thanksgiving ceremony for his new appointment as an […]
Nevonga Says Parliamentary Committee Has Has No Judicial Power Over Napwu
By:Fransina Nghidengwa Proceedings did not go as planned during the Parliamentary Standing Committee on Human Resources and Community Development consultative meeting with NAPWU on the Namibia Broadcasting Corporation’s (NBC) strike on Tuesday. The chaos erupted after the Secretary General of Namibia Public Workers (Napwu) Petrus Nevonga said that the parliamentary standing committee does not have […]
Our Current Laws Are Too Rigid, Says Mines Executive Director
By:Dwight Links When speaking at a recent panel discussion on governance on natural resources in Windhoek, the Executive Director of the Ministry of Mines and Energy Bryan Eiseb said Namibia’s laws around its natural resources are too outdated. “If you do a survey of the laws that the Ministry of Mines administers, predominantly the Minerals […]
Illegal Betting To Face Fines And Imprisonment
By:Hilya Ngolo The Ministry of Environment, Forestry and Tourism on Tuesday declared betting in the country as illegal, further warning against illegal lottery activities taking place in the country. Minister Pohamba Shifeta said it is a concern to continue observing non-adherence to the provisions of the legislation put in place by operators in the gambling […]
OPEC’s Production Cuts Aimed AAt Maximising Revenue, Petroleum Economist Asserts …Namibia local fuel to feel the pinch less
By:Justicia Shipena The cutting of oil production by oil producers led by the Organisation of the Petroleum Exporting Countries (OPEC+) is a tactic for them to generate more revenue, Mines and Energy Ministry’s Petroleum Economist Abednego Ekandjo has said. Earlier this month, OPEC said it will make another deep cut to its output in July […]
Nam To Assess Angola Lobito Refinery Stake Offer …in light of Ngungula Service
By:Nghiinomenwa-vali Erastus Namibia will look into a proposal by Angola for the country to buy a stake in the planned Lobito Refinery, according to the updates from the Ministry of Mines and Energy. The Ministry spokesperson Andreas Simon said this when he updated the media on the country delegation that took a trip to Angola […]
Urban Areas To Receive Boost As African Development Bank Fund Approves Grant For Solar Electricity In Informal Settlements
By Staff Writer: The African Development Bank’s Urban and Municipal Development Fund (UMDF) has approved a grant of $485,000 (N$7,22 million) for a solar electricity project in Namibia that will power some 50,000 households in the capital city. The “Informal Settlement Renewable Electrification and Upgrading Programme” will directly benefit around 200,000 people in Windhoek, where […]
A Safer Namibia Is Easy To Conduct Business
By:Nghiinomenwa-vali Erastus Ohorongo Cement, one of Namibia’s first cement manufacturers, has donated 200 bags of cementto the Ministry of Home Affairs, Immigration, Safety and Security to improve the living conditions of officers deployed at the variousborder postsaround the country. Following a request by the Ministry, the Managing Director of Ohorongo Cement Hans-Wilhelm Schütte handed over […]