Political analyst addresses the significance of efforts to combat high-profile corruption cases

Political analyst Ndumba Kamwanya addressed the significance of efforts to combat high-profile corruption cases, emphasizing their crucial role in upholding democracy. Kamwanya highlighted the importance of targeting not only small-scale corruption but also focusing on high-profile cases to effectively deter such activities.

March 25, 2024 17

Namibia

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 35

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 17

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 43

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 55

Namibia

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 73

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 29

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 49

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 27