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SA Reserve Bank cuts repo rate by 25 basis points
The South African Reserve Bank has announced yet another cut in their repo rate by 25 basis point. The repo rate is the rate at which a reserve bank lends money to the commercial Bank. The South African rate has now been cut by 300 basis points in 2020 in an effort to mitigate the […]
Govt considers flexible Covid-19 isolation options
The executive director in the health ministry Ben Nangombe said the government is considering more flexible options for isolation and quarantine. Recently, Nangombe admitted to Eagle FM that the ministry ran out of isolation beds and said COVID-19 positive cases now have to self isolate from now onwards. Meanwhile, when Eagle FM reached out to […]
SME Bank liquidators press on with legal action against debtors
SME Bank liquidators David Bruni and Ian McLaren continue legal action against defaulters in an attempt to recover money from the loans that were given out from the bank. It was recently reported that the liquidators are suing Development Bank of Namibia’s board chairperson, Tania Hangula and civil servant Esau Mbako for N$7,4 million allegedly […]
Amupanda says they fund AR as members
As the build-up towards the November 2020 local authority and regional elections gather momentum, Affirmative Repositioning (AR) leader Job Amupanda has said his team is not poor enough to fail to fund themselves. Journalists wanted to find our AR’s source of funding this week at a press conference where Amupanda said they will be contesting […]
Groot Aub residents without water for 8 days
Windhoek Rural councillor Peninah Ita-Inga has told the regional governor of Khomas that residents of Groot-Aub have been without water for eight days. “This time around I think the community is in dire need of water and we can not be able to wait any longer because the water container is dry. Imagine someone who […]
Councillor disputes McLeod-Katjirua’s water claims
Councillor for the Tobias Hainyeko constituency, Christopher Likuwa, has said that false information was put in the State of the Region Address which was delivered this week by governor Laura McLeod-Katjirua. This is after the governor said that progress had been made in connection toilets in the area. “Honestly none of those 65 toilets have […]
Former Swapo councillor Diergaardt dies
Former deputy agriculture minister and Rehoboth West Urban constituency councillor Theo Diergaardt has died. A family member told Eagel FM that Diergaardt died of kidney failure Wednesday at a private hospital in Windhoek. Diergaardt resigned from the deputy ministerial position when he lost the constituency to the United People Movement. In January 2011 he was […]
Elelo lyOngwediva lya lopota iiponga yomililo
Omupopiliko godolopa yOngwediva moshitopolwa shOshana, Jackson Muma, okwa lombwele Egale FM etitatu kutya elelo lyawo olya koneke iiponga yomililo dhepeya momudhingoloko godoolopa, moka taya fekele gweetithwa kaantu ongele opethimbo taya fike omathita momapya gopomudhingoloko godoolopa, okufika iiyagaya pooha dhomagumbo nenge okweekelahi uusekeleta pomahala gena omwiidhi. “Otwa ndhindhilika kutya aakalimo ohaya fike iiyagaya pomidhingoloko dhawo, na […]
Windhoek mayor opens Okuryangava market
Windhoek mayor Fransina Kahungu has opened erf 1006 market along Ongaga Street in Okuryangava to vendors some of whom have been battling with the police for selling by roadsides. The market is neatly floored with markings and iron roof constructed by vocational education students and a city of Windhoek employee. Mayor Kahungu said construction of […]
Central bank clamps down on another ‘pyramid scheme’
The Bank of Namibia warned the Namibian nation against becoming members of the Elamant, as it is said to contravene section 55(A) of the Banking Institutions Act. According to a google search, Elamant is a world-wide membership benefits club and consumer insights company with the goal to collect Point-of-Sale data from shoppers and generate revenue […]