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Rigorous Scrutiny for Politically Exposed Persons Vying for Bank Boards
By:Nghiinomenwa-vali Erastus The Bank of Namibia (BoN) has directed commercial banks to perform advanced due diligence on politically exposed individuals’ wealth before they appoint them as their board of directors. This, the BoN says, is to limit conflict of interest of the board member’s interest and the bank operations. This is contained in the revamped […]
We Have Plenty of Diamonds and Grapes, but Why Don’t We See and Participate in Diamonds Trading?
By:Kandjengo kaMkwaanyoka Why don’t we see diamonds in the street when we have plenty but every grape harvest everyone benefits? A young dude heard me and he asked if he could join my friend and I. He asked if I am an economist and rightly said no, but a guy who read wildly on economic […]
Uis Ramp Up Takes Effect for AfriTin
By:Staff writer Andrada Mining, formerly AfriTin Mining, on Monday reported record levels of concentrate production at its Uis tin mine in November, according to its latest quarterly update. The company, which operates the Uis tin mine in Erongo region, reported that it produced a record 88 tonnes of tin concentrate for November 2022, containing 53 […]
City of Windhoek councillors to be served with “No walk out” orders
by:Justicia Shipena The deputy minister of urban and rural development, Natalia /Goagoses has given the acting chief executive officer of the City of Windhoek George Mayumbelo directives to serve the City Council with a 72-hour agenda notice ahead of an election for the office bearers. On Thursday the City council is set to elect office […]
Councillor Calls For Ministerial Intervention … as dismissed Rundu Cash and Carry workers plead for fair treatment
By:Annakleta Haikera Rundu Rural constituency councillor has resolved to seek intervention from the ministry of labour, industrial relations and employment creation on the dispute involving the Rani Group of Companies and its employees Councillor Paulus Mbangu yesterday called on the ministry to intervene in the poor working conditions and low wages of workers employed by […]
Geingob Snubs Davos’ 2023 World Economic Forum
By:Staff writer President Hage Geingob will not be travelling to the World Economic Forum (WEF) in Davos, Switzerland, this time around, as world leaders and chief executive officers flock to discuss the fate of the global economy amid the Russo-Ukrainian crisis in a post-pandemic era. Geingob was at the summit last year where he sold […]
CRAN To Dishout 800MHz Spectrum To Improve 4G Coverage
By:Nghiinomenwa-vali Erastus A 2022 study by the Communication Authority has revealed that the assignment of 800MHz spectrum to the two national operators – MTC and Telecom Namibia – would help narrow the broadband coverage gap considerably. This finding is in line with CRAN’s plans to implement measures to promote technological innovation and improve quality of […]
Is Load Shedding A Near Reality For Namibia? … as its electricity suppliers South Africa, Zambia and Zimbabwe face drastic power cuts
By:Staff writer In the wake of the rationing of electricity supply in Zambia, there is fear of dark days ahead for Namibia as the latter imports 180 megawatts (MW) from its neighbour. However, acting managing director of NamPower, Kandali Iyambo told a local news portal last week the country has secured a “firm” contract with […]
Agriculture Requires New Vision
By:Josef Kefas Sheehama At least 70% of Namibians depends on agriculture for employment, income and food security. Yet the value added to the sector in the third quarter (Q3) of 2022 was about N$3.2 billion in nominal terms, representing 6.4% of GDP, says the Namibia Statistics Agency. The growth rate of the agriculture sector has […]
AfriTin Mining Reports Record Monthly Output FromUis Mine … says production ramp-up on track
By:Staff Reporter AfriTin Mining Ltd reported record monthly output from its Uis mine last November and said the production ramp-up under its Phase 1 expansion plans is on track for completion by end of January 2023. Last November was the first month of production after commissioning of the expanded crushing and tin concentrating circuits were […]