Search in the website:
Namibia / Page 41
‘More Transparency Crucial in Namibia’s Extractive Sector’
By: Dwight Links The Institute of Public Policy Research’s director, Graham Hopwood has stressed the importance of transparency with regards to activities in Namibia’s extractive industry to generate more awareness about industry. Speaking during a webinar hosting representatives of the Extractive Industry Transparency Initiative (EITI) for English and Lusso-speaking countries, Hopwood highlighted recent […]
New CRAN Appointment Aims to Bolster Cybersecurity Defences
By: Staff Writer The Communications Regulatory Authority of Namibia (CRAN) has appointed Information Security Specialist Cornelia Shipindo as its new Cybersecurity Manager. Shipindo joins CRAN from Capricorn Group, where her role as an Information Security Specialist was pivotal in governing and managing IT operations, incident responses, data protection, and ensuring the security of […]
BIPA Extends Annual Duty Penalty Waiver Grace Period
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers a 100% waiver on penalties and additional fees payable by businesses between 2012 and […]
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates and an expanded interest-bearing asset base. Over the course of 2023, the group experienced a […]
Digital Currency Introduction Requires Thorough Justification – Bank of Namibia
By: Justicia Shipena Digital currency will only be introduced in the country when the central bank is fully convinced that such a move will not jeopardise the security and stability of the Namibian economy. The Central Bank’s Governor Johannes !Gawaxab reiterated this stance during the unveiling of the modified N$100 note in Luderitz, […]
Loan Repayments Strain Individuals as Economy Faces Challenges
By: Nghiinomenwa-vali Erastus The Bank of Namibia’s recent annual report paints a troubling picture of the country’s economic landscape, with non-performing loans (NPLs) reaching N$6.5 billion by the end of 2023. Of these loans, 51% are attributed to individuals, while the real estate and business service sector accounts for 11.8%. The increase in […]
NFA Handling of Afcon Prize Money Under Scrutiny
By: Justicia Shipena Former Secretary-General of the Namibia Football Players Union, Olsen Kahiriri, now a sports analyst, has voiced concerns regarding the Namibia Football Association (NFA), alleging that it has used the country’s name to intimidate and mistreat national football team players. Kahiriri’s remarks stem from the treatment of Brave Warriors players following […]
Fuel Prices Set to Increase Following Months of Relief
By: Annakleta Haikera Motorists are bracing for an uptick in fuel prices as the Ministry of Mines and Energy announced price hikes for both petrol and diesel, effective Wednesday. According to the Ministry, petrol prices will rise by 152 cents per litre, while diesel will see an increase of 72 cents per litre. […]
BoN Declares N$511.5 Million Towards Govt’s Revenue
By: Justicia Shipena The Bank of Namibia (BoN) has declared a dividend of N$511.5 million to the government, which is about N$100 million from what it declared last year. This was announced by BoN Governor Johannes !Gawaxab during the launch of the central bank’s 2023 Annual Report on Tuesday. According to Gawaxab, the […]
Bank Windhoek Volleyball Tournament Attracts 487 Players
By: Nghiinomenwa-vali Erastus The 40th anniversary Doc Volleyball Tournament showcased the vibrancy of the sport economy, with 35 teams competing across men’s and women’s categories, totaling 487 players. Hosted by the Namibian Volleyball Federation (NVF) at The Dome in Swakopmund last weekend, the event, primarily sponsored by Bank Windhoek, distributed N$52,000 among the […]