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Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and […]
Swakopmund, Windhoek And Walvis Bay Tops Millionaire City List
By:Justicia Shipena Swakopmund has emerged as one of the wealthiest cities in Namibia for the past 10 years in terms of wealth growth. This is according to the Africa Wealth Report for 2023 which highlighted Namibia’s major cities by the number of resident millionaires and compared their relative wealth growth rates over the past 10 […]
Effects Of Covid-19 Pandemic-Triggered Lockdown Still Haunts Telecom Namibia
By:Staff writer Despite having been one of the companies enabling connectivity throughout lockdown, Telecom Namibia is still reeling from the effects of the pandemic and the resulting “slow turnaround in the supply chain”. This was revealed by the company’s Chief Executive Officer Stanley Shanapinda in a recent interview with The Villager. Asked how the current […]
AG Completed 105 Audit Reports In The 2022/3 Financial Year
By:Justicia Shipena The Office of the Auditor-General has tabled 105 audit reports to the National Assembly for the 2021/2022 financial year. This was revealed by the Minister in the Presidency Christine //Hoebes while motivating the budget allocation of the office for the financial year 2023/24 in the National Assembly on Thursday. According to her, the […]
ECN To Procure More Tablets For Voters Registration
By:Justicia Shipena The Electoral Commission of Namibia (ECN) is planning to procure additional tablet-based mobile registration kits during the year. When motivating the 2023/24 budget for ECN, the Speaker of the National Assembly Peter Katjavivi said this is in addition to the requisite accessories and latest software versions and the development of kits for election-related […]
Okakarara “Land Grabbers” Not Shaken By Council Court Threats
By:Uakutura Kambaekua The dust refuses to settle in Okakarara as some residents and the Town Council wrestle over illegal land occupation. This is after close to 200 residents allegedly occupied town land at a rapid speedand refuse to vacate. The portion of land being occupied illegally is situated opposite the Kambazembi Royal Traditional Authority, where […]
Namibia’s Bank System Remains Resilient Amidst Closure Of Banks In The USA – BoN
By:Justicia Shipena The Bank of Namibia (BoN) says Namibia’s banking system remains resilient and sound. This assurance comes after a second US regional bank Signature Bank shut down. A third First Republic Bank has been propped up, while the first major threat since 2008 to a bank of global financial significance Credit Suisse has been […]
Namibian Construction Pipeline Decreases
By:Laban Rasalus Namibia’s construction industry has been looking bleak as it decreased in recent months. Despite the building plan data from both Windhoek and Swakopmund showing a slight growth on monthly basis in those plans that were approved during February this year, the analysts at Simonis Storm Securities say there has been a decrease by […]
Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and […]
To What Extent Should We Allow Mining To Touch Other Sectors?
By:Nghiinomenwa-vali Erastus Various communities in Erongo and Kavango regions have questioned the mining activities in their areas and its impact on their future livelihoods. The latest is the Daures community in the Erongo region that petitioned the Ministry of Mines and Energy regarding potential illegal mining activities in their constituency from certain mining licence holders. […]