Namibia Approves Central Securities Depository for Market Efficiency

Namibia Approves Central Securities Depository for Market Efficiency

The Namibia Financial Institutions Supervisory Authority has greenlit Central Securities Depository Limited to operate as a central securities depository. Jointly owned by the Bank of Namibia and the Namibia Stock Exchange, CSD will centrally manage securities like shares and bonds electronically, aiming to boost trading efficiency, market participation, and liquidity. NAMFISA spokesperson Victoria Muranda shared the update.

March 22, 2024 68

Namibia

President Mbumba Calls for Unity and Vigilance Against Social Challenges

President Mbumba emphasized the importance of guarding against tribalism, racism, regionalism, corruption, and crime during Namibia's 34th Independence Day celebrations. He urged Namibians to unite as wise nation builders, working towards economic freedom and shared prosperity. Furthermore, President Mbumba called upon Namibia's security cluster to intensify efforts in safeguarding the nation from both external and internal criminal threats.

March 22, 2024 26

South Africa

Freedom Front Plus Opposes Expropriation Bill Amid Concerns of ANC Maneuvering

South Africa's Freedom Front Plus has voiced strong opposition to the Expropriation Bill, alleging that the ANC is determined to push it through before the elections. Following approval by the National Council of Provinces on Tuesday, the bill, with additions, is now back in the National Assembly for further changes before reaching President Cyril Ramaphosa for signing into law. Pieter Groenewald, leader of the FF Plus, asserts their firm stance […]

March 22, 2024 18

World

Indian opposition leader arrested over corruption claims a month before elections

Delhi government has called chief minister Arvind Kejriwal's arrest a political conspiracy by Prime Minister Modi's government aimed to cripple the opposition's campaign ahead of the general elections next month. Mr Kejriwal, one of India's main opposition leaders, was arrested by India's financial crimes investigative agency over corruption charges in a liquor policy case that allegedly benefited private retailers. His party has called for a nationwide protest over his arrest. […]

March 22, 2024 28

Namibia

Namibia Legal Expert Highlights Property Sale Regulations

Toni Hancox, Director of the Namibia Legal Assistance Centre, gave us important insights into property sale regulations. Hancox emphasized the significance of the property being sold as the primary residence of the homeowner. She clarified that if the property was initially occupied by the owner but later rented out and no longer used as their primary residence, it might not meet the legal criteria for sale under certain circumstances.

March 22, 2024 48

Business / Economics

Namibia’s Visitor Arrivals Surge in February

Official figures reveal a notable increase in Namibia's visitor arrivals in February, reaching over 37 thousand, marking an 8.1% month-on-month surge and a significant 26.1% year-on-year rise. According to a tourism report by IJG Securities, February 2024 arrivals surpassed pre-pandemic levels from February 2019 by 15.5%. Gitta Paetzold, CEO of the Hospitality Association of Namibia, comments on the trend.

March 22, 2024 25

World

UNSC to vote on Gaza Ceasefire Resolution

The United Nations Security Council is expected to vote later on a US-drafted resolution urging an immediate ceasefire in Gaza. It comes as US secretary of state Anthony Blinken continues to insist negotiators can still reach a deal for a truce between Hamas and Israel. EU leaders have also called for an 'immediate humanitarian pause' which they hope will lead to a 'sustainable ceasefire' in Gaza. World Affairs Editor of […]

March 22, 2024 6

South Africa

South Africa’s National Assembly Speaker Surrenders to Police Amid Corruption Allegations

Nosiviwe Mapisa-Nqakula, the National Assembly speaker of South Africa, turned herself over to the police in Pretoria this morning in response to corruption accusations. Allegations suggest she received over two million rand in tender bribes from a contractor to the South African National Defence Force during her tenure as the Minister of Defence and Military Veterans. Reports indicate her anticipated appearance in the High Court in Pretoria today.

March 22, 2024 8

Namibia

Government Allocates Funds to Revive Kalimbeza Rice Project

President Nangolo Mbumba disclosed on Thursday that the government has allocated N$8 million to rejuvenate the Kalimbeza Rice Project. The announcement was made during his keynote address at Namibia's 34th Independence Day celebrations held in Katima Mulilo, Zambezi Region. Notably, this marks the first time Zambezi has hosted Independence Day celebrations since 1990. In addition to the funding for the rice project, President Mbumba revealed that the government has approved […]

March 22, 2024 7