insert_link Business / Economics Independent Researcher Offers Key Insights on Bank of Namibia’s Repo Rate Decision In an interview with our news team, Independent business and economic researcher Josef Kefas Sheehama provided valuable insights into the factors influencing the Bank of Namibia's decision regarding the repo rate. The Bank of Namibia will announce repo rate today. The previous interest rate decision was to keep the repo rate unchanged at 7.75 percent. todayApril 17, 2024 56
insert_link Namibia Wealth Report Projects Namibia’s Millionaire Population Set to Surge Namibia is expected to see a surge in its millionaire population, with projections suggesting an addition of 2,000 millionaires over the next decade, marking an 85% increase from the current 2,300 millionaires. This growth is attributed to Namibia's status as one of Africa's top 10 wealthiest nations, attracting investments and high-net-worth individuals. As of December last year, there were approximately 2,300 individuals in Namibia with wealth exceeding US$1 million, and […] todayApril 17, 2024 49
insert_link Namibia NamPol launches search for fugitive prisoners in Zambezi region Police have launched a massive manhunt for 11 prisoners who escaped from a police holding cell in the north-eastern Zambezi region. The trial-awaiting escapees cut through the roof of the Katima Mulilo police station before escaping. Locals have been warned to be vigilant as the prisoners were awaiting trial for serious crimes. Here is the NamPol spokesperson in the region, Inspector Kisco Sitali. todayApril 16, 2024 58
insert_link Health / Medical More African countries recall Johnson & Johnson cough syrup A batch of the children's cough syrup manufactured by Johnson & Johnson in 2021 has now been recalled by drug authorities in six African countries. This the BBC reports is after Nigeria's drug agency warned that it contained high levels of a toxic and potentially fatal substance. Drug regulators in Tanzania and Zimbabwe are the latest to recall the syrup as a precautionary measure. South Africa's drug regulator said batch […] todayApril 16, 2024 42
insert_link Namibia Government allocates N$ 19 million to information commission The Ministry of Information and Communication Technology has earmarked N$19 million for the operations of the Information Commission, aligning with the forthcoming implementation of the Access to Information Act which is set to tackle key concerns regarding government transparency and citizen access to vital information for decision-making and socioeconomic development. The Access to Information Act is poised to address critical issues surrounding government transparency and citizen empowerment with information critical […] todayApril 16, 2024 50
insert_link Namibia Japan invests millions in nutrition and resilience projects in Namibia Japan's government has allocated N$23.5 million for collaborative projects with the World Health Organisation and the Food and Agriculture Organisation in Namibia to enhance access to nutrition and protection services for vulnerable groups in the Omaheke, Khomas, and Kunene Regions. Another initiative, ‘Emergency response to enhance resilience and mitigate climate-induced impacts on livelihoods, food and nutrition security of the most vulnerable household in Namibia in the Kavango East, Kavango West […] todayApril 16, 2024 39
insert_link Namibia BON PSD-9 Directive: The cross-border payment system’s anatomy and operations Opinion Piece By Josef Kefas Sheehama Even though it usually causes people to feel more nervous, it's critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April 15, 2024. The Bank of Namibia's most recent directive has extended […] todayApril 16, 2024 69
insert_link Namibia Police Hunt for Escaped Inmate Denzel Blauw in Tses Village Authorities in Tses are on the lookout for 21-year-old Denzel Blauw, who absconded from police custody on Sunday afternoon. According to Deputy Commissioner Nikodemus Mbango, the inmate was temporarily taken out of the holding cells for charging. However, upon completion of the process, he was inadvertently left unattended by the two officers on duty, who subsequently failed to return him to his cell promptly. Efforts to locate Blauw proved futile […] todayApril 16, 2024 15
insert_link Namibia Suspected Thief Arrested in Karasburg, Faces Charges for Alleged Stolen Property Possession A 34-year-old man is set to face charges in the Karasburg Magistrate’s Court after being apprehended with suspected stolen goods. According to Deputy Commissioner Nikodemus Mbango, crime investigations coordinator for the ||Kharas Region, the arrest took place in the Westerkim residential area of Karasburg on Sunday, between 12 midday and 2pm, following an intelligence-driven operation involving serious crime detectives, special reserve force members, and police intelligence personnel. The suspect was […] todayApril 16, 2024 18