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GIPF Fights to Halt Sale of Shares in N$450 Million Trust
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) has approached the courts to prevent private equity and fund management company Myrtle Growth Capital from selling shares in the Namibia Mid-Cap Fund Trust, a fund to which GIPF committed N$450 million. Myrtle Growth is accused of attempting to sell shares in several portfolio companies […]
Tributes Pour in for Namibia’s Late Founding President
By: Justicia Shipena African leaders have paid tribute to Namibia’s founding President, Sam Nujoma, following his passing on Saturday in Windhoek, after three weeks of hospitalisation. His death comes just days after Namibia marked the first anniversary of the passing of its third President, Hage Geingob, on 4 February. Nujoma, a towering figure […]
City Yet to Quantify Costs for Flood-Related Relocations
By: Justicia Shipena The City of Windhoek (CoW) has yet to determine the total costs incurred in relocating residents affected by recent floods, with expenses covering water provision, transportation, and sanitation infrastructure. City spokesperson Lydia Amutenya told Eagle FM that while an exact figure is not yet available, costs have been absorbed internally, […]
No Inside Jobs in FNB Fraud Saga, Says Bank
By: Dwight Links The First National Bank Namibia (FNB) has stated that there is no evidence suggesting its employees were complicit in recent fraud and scam incidents that have made headlines. Two FNB clients recently fell victim to sophisticated scams, losing substantial sums of money. Among them was a retired teacher who was […]
Maize Meal Prices Highest in Southern Namibia in January
By: Justicia Shipena Consumers in Erongo, Hardap, Omaheke, and //Kharas paid the highest prices for maize meal in January, according to the Namibia Statistics Agency’s (NSA) latest Consumer Price Index report. A 5kg bag cost N$71.57 in Zone 3, making it the most expensive in the country. In Zone 2 (Khomas), the same […]
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session of the Namibia-Nigeria Joint Permanent Commission of Cooperation held this week. The meeting aims to […]
N$150,000 From Geingob Cup to Support Presidential Centre Setup
By: Justicia Shipena Former First Lady Monica Geingos has announced that N$150,000 from the proceeds of the Dr. Hage Geingob Cup will be allocated to cover initial costs and infrastructure preparations for the establishment of a presidential centre in honour of the late President Hage Geingob. The announcement was made on Tuesday as […]
Only 12 Namibians Applied for Asylum to the UK Since 2023
By: Justicia Shipena The United Kingdom has recorded only 12 asylum applications from Namibians since implementing strict visa requirements in 2023. The British government revoked Namibia’s visa-free entry in July 2023, citing misuse of the privilege and concerns over asylum and immigration law abuses. Earlier that year, in February, more than 90% of […]
N$1.28 Billion Heavy Fuel 54 MW Power Station To Be Commissioned
By: Nghiinomenwa-vali Erastus NamPower will officially commission the second phase of its N$1.28 billion Anixas II Power Station at Walvis Bay, which is expected to contribute approximately 54 MW to the national power grid. The commissioning of phase two of the Anixas Power Station is another step towards fulfilling the government’s 2018 plan […]
Politicians, MPs Support Red Line Removal …But Call for Caution
By: David Shoombe Political leaders and lawmakers have expressed their support for removing the Veterinary Cordon Fence also known as the red line, currently being challenged by Affirmative Repositioning leader Job Amupanda in the High Court. Swapo Central Committee member Hofni Ipinge acknowledged that while the red line has historically disadvantaged many people […]