Namibia Institute of Pathology Ignores Auditor’s Advice, Opts to Purchase Vehicles Despite Cost Disadvantage

Namibia Institute of Pathology Ignores Auditor’s Advice, Opts to Purchase Vehicles Despite Cost Disadvantage

In a decision that contradicts the recommendation of its chief internal auditor, the Namibia Institute of Pathology has chosen to acquire 18 vehicles at a cost of N$8 million instead of leasing them for N$10.4 million over a four-year period. Despite advice from NIP's internal auditor, Mekondjo Katunga, dating back to August 2023, the organization proceeded with the purchase. Analysis of the fleet's expenses reveals that by the lease term's […]

March 25, 2024 33

South Africa

Corruption Watch Criticizes South Africa’s Response to Steinhoff CEO’s Death

Corruption Watch expresses disappointment in South Africa's approach to high-profile corruption cases following the death of former Steinhoff CEO Markus Jooste. Jooste, 62, died by suicide after the Financial Sector Conduct Authority imposed a 475-million-rand fine for publishing misleading financial statements. Director Karam Singh states that justice remains elusive, pointing out failures within the justice system. He underscores the necessity for successful prosecutions of those behind the Steinhoff scandal.

March 22, 2024 27

World

Police investigating UK Conservative Party donor comments

Police in the UK are investigating comments allegedly made by one of the ruling Conservative Party's largest donors. Local media previously reported that Frank Hester made racist remarks in 2019 before donating $12.5m to the party. Julia Chapman reports.

March 22, 2024 38

Namibia

Disagreement Among LPM Councillors Over Rabbit Purchase in Hardap Region

Regional councillors representing the Landless People’s Movement at the Hardap Regional Council are in disagreement after the council reportedly purchased 120 rabbits without an official resolution. The party, with six councillors on the regional council, faces internal conflict over the matter. According to one councillor, Harald Kumbrude, the rabbits were purchased from Cadema Farming in February. Cadema Farming is owned by LPM women’s league leader Margreth du Toit and her […]

March 22, 2024 16

South Africa

SA National Assembly Speaker Seeks Court Order to Prevent Arrest Amid Corruption Allegations

Nosiviwe Mapisa-Nqakula, the National Assembly speaker of South Africa, is set to file an urgent application before the High Court in Pretoria on 9 April, aiming to halt her potential arrest on corruption charges. The move follows speculation regarding her possible arrest after a raid at her Johannesburg residence in connection with bribery allegations from her tenure as Minister of Defense and Military Veterans. Mapisa-Nqakula demands access to the complete […]

March 22, 2024 21

Business / Economics

Global Financial Landscape: Collaborative Initiatives and Market Dynamics

Germany and Namibia Join Forces for Green Hydrogen Initiative In a significant stride towards sustainable energy development, Germany and Namibia have inked a pivotal agreement to bolster the Green Hydrogen Namibia Programme. This collaborative effort signifies a dedicated push towards constructing local H2 value chains aimed at fostering socio-economic growth while prioritizing environmental sustainability. The Green Hydrogen Namibia Programme, a newly established organization, emerges as a beacon of hope in […]

March 22, 2024 4

Namibia

Development Bank of Namibia and World Bank Explore Collaboration

The Development Bank of Namibia and the World Bank have initiated discussions to explore cooperation between the two development financiers. A senior team from the World Bank visited DBN to discuss potential avenues of collaboration. The primary focus of the discussions was the preparation of a technical background paper concerning the financial sector for the upcoming Namibia Climate Change and Development Report.

March 22, 2024 40

Namibia

Vice President Tours Green Schemes to Tackle Food Insecurity

Vice President Netumbo Nandi-Ndaitwah visited the Vhungu Vhungu and Ndonga Linena Green Schemes in the Kavango East Region to address food insecurity. Delegated by President Nangolo Mbumba, Nandi-Ndaitwah assessed the schemes and inspected preparations for winter crops. Governor Bonifatius Wakudumo of Kavango East provided insights on the region's efforts.

March 22, 2024 53