insert_link Business / Economics FNB Namibia freezes accounts over KYC non-compliance The First National Bank (FNB) Namibia has started freezing the accounts of customers who fail to comply with Know Your Customer (KYC) regulations, leaving some clients frustrated over the lack of access to their funds. The move is part of the bank’s obligation to adhere to the Financial Intelligence Act and other regulatory requirements aimed at preventing financial crimes. FNB Namibia’s spokesperson, Kirsty Watermeyer, said that freezing accounts […] today28 February, 2025
Uncategorized Unemployment in Namibia – A call for multi-sectoral action Sydwill Scholtz By: Sydwill Scholtz, Labour Analyst The Namibia Statistics Agency (NSA) released the latest 2023 unemployment statistics for the country in January 2025, and, needless to say, the results are nothing shy of shocking. The results indicate that unemployment remains a significant social challenge in the country with the inherent ripple effect of poverty and social unrest detracting from the country's economic growth and development as […] today26 February, 2025
insert_link Business / Economics Google ordered to pay South African media up to R500 million annually South Africa’s Competition Commission has ruled that tech giant Google must pay local news media between R300 million and R500 million annually to address lost advertising revenue and competition imbalances. The decision follows an inquiry that found Google benefits from South African news content by as much as R900 million per year, while local media houses suffer losses ranging from R300 million to R500 million. In addition to financial compensation, […] today25 February, 2025
insert_link Namibia Judiciary dismisses Amupanda’s claims on Deputy Judge-President appointment Supreme Court of Namibia The Judiciary has dismissed allegations by activist and politician Dr. Job Amupanda, who claimed a lack of transparency in the appointment of a second Deputy Judge-President. In a statement, the Judiciary rejected what it described as misinformation circulating on social media, stressing that such claims undermine its integrity and impartiality. Deputy Director of Public Relations at the Office of the Judiciary, Vikitoria Hango, reaffirmed the institution’s […] today25 February, 2025
insert_link Namibia Namibia ranks among slowest for Internet speed, experts weigh in Image contributed by: Cirrus Capital Namibia has been ranked among the world's slowest for internet speed, placing 143rd out of 152 countries in the 2025 Speedtest Global Index by Ookla. The country also performs poorly in digital quality, e-security, and e-governance, according to Surfshark's 2024 Digital Quality of Life Index. Technology and economic experts say the ranking reveals long-standing issues in the country’s internet infrastructure, with concerns over limited competition […] today24 February, 2025
insert_link Dr. Sam Nujoma “A great loss to Namibia,” says Pohamba on Nujoma By: Nduuvundi David Former President Hifikepunye Pohamba said he has lost a good friend, a leader of the Namibian Nation and founding president. Pohamba, who was speaking during Nujoma's first memorial service at Etunda village, Okahao constituency, said he met Nujoma 63 years ago, while in Angola Thus, Pohamba indicated that his last visit to Nujoma was while hospitalized in Windhoek two weeks ago and was made to realise […] today21 February, 2025
insert_link Namibia Ministry of Education updates school funding policy to address inequities Rural education learners "In the past, educational disparities negatively affected the performance of many learners across the country. This inequity is also at odds with Article 20 of the Namibian Constitution, which guarantees all persons the right to education." The Ministry of Education, Arts and Culture has updated the school funding system under the new School Grant Policy (2021-2030). The policy uses a needs-based funding formula to ensure equal […] today21 February, 2025
insert_link Business / Economics Lüderitz wind farm nears July 2025 completion The Diaz Wind Farm near Lüderitz the ǁKaras Region has taken a big step forward with the arrival of its first wind turbine parts, including blades, hubs, rotors, and nacelles. These components were shipped from Lusi Port, China, to the construction site near Kolmannskuppe. The project is expected to be completed by July 2025. Once operational, the wind farm will have 11 turbines producing 44 megawatts (MW) of electricity annually—enough […] today19 February, 2025
insert_link Business / Economics Cirrus Capital merges with Survey Warehouse to form new entity Cirrus Capital has announced its merger with Survey Warehouse to form Cirrus Survey Warehouse, strengthening its research and analytical capabilities. The integration combines both companies’ strengths in research, data collection, and evidence-based analysis to better support policy and business strategy development. Christiaan Keulder, founder of Survey Warehouse, commented on the merger, emphasising the complementary expertise and industry experience brought together by the new entity. "Both Cirrus and Survey Warehouse […] today19 February, 2025