Bank of Namibia Governor Announces Instant Payments in 2025

Bank of Namibia Governor Announces Instant Payments in 2025

Governor Johannes !Gawaxab of the Bank of Namibia delivered a public lecture at the University of Namibia titled "Modernising Namibia’s Financial Landscape for a Prosperous Future." He outlined the introduction of fast payments, or instant payments, allowing real-time fund transfers 24/7, set to launch in September 2025. The regulator's, Josefina Oskar .

October 2, 2024 49

Namibia

Iran Launches Unprecedented Missile Attack on Israel As Namibia Urges Restraint

Iran has initiated an unprecedented missile assault on Israel, marking a significant escalation in the ongoing violence and tensions in the region. Al Jazeera reports that the Islamic Revolutionary Guard Corps announced on Tuesday that the missile strikes were in retaliation for lethal Israeli operations targeting individuals in Gaza and Lebanon, as well as the assassinations of prominent leaders from the IRGC, Hamas, and Hezbollah. Ambassador Penda Naanda: Executive Director […]

October 2, 2024 28

Business / Economics

GIPF Announces Tax Relief Refunds for Pensioners and Beneficiaries

The Government Institutions Pension Fund has confirmed that tax-paying pensioners, as well as spousal and child beneficiaries, will receive their tax relief refunds on 28 November. This is in line with the provisions of the Income Tax Amendment Act, ensuring that eligible recipients benefit from the updated tax regulations.. General Manager, Marketing and Stakeholder Engagement at the GIPF: Edwin Tjiramba

October 2, 2024 78

Namibia

City of Windhoek warns against supporting street solicitation

The City of Windhoek has urged the public to stop giving money to individuals begging on the streets. The City says that while this may seem like a kind gesture, it keeps people trapped in a cycle of poverty. Here is the City of Windhoek spokesperson Lydia Amutenya.

October 1, 2024 46

Health / Medical

Breast cancer remains the most common cancer among women in Namibia

The Cancer Association of Namibia says that Namibia continues to face severe cases of advanced and metastatic breast cancer because many women are seeking treatment too late, leading to unnecessary suffering. Breast cancer remains the most common cancer among women in Namibia. Here is the CEO of CAN, Rolf Hansen.

October 1, 2024 28

Namibia

National Housing Enterprise Faces Declining Profitability and Liquidity Challenges

The National Housing Enterprise is experiencing continued profitability challenges, with operating losses amounting to N$38.2 million in 2023, following a larger deficit of N$87.7 million in 2022. The Brief reports that the Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, highlighted significant liquidity issues affecting the organization's ability to meet short-term obligations. Over the past five years, NHE's gross profit has fluctuated, declining from N$334.7 million in 2019 to […]

October 1, 2024 18

Namibia

Namibia Progressive Party Plans N$30 Billion Loan Strategy to Address National Debt

The Namibia Progressive Party has announced its intention to borrow N$30 billion from global lenders to tackle the country's national debt if they secure presidential power. Namib Pulse says, of this amount, N$15 billion will be directed towards reducing part of the N$165.8 billion national debt, while the remaining N$22 billion is earmarked for infrastructure projects aimed at generating revenue to further pay down the debt. Penda Negonga, Co-Founder of […]

October 1, 2024 21

Namibia

Namibia Faces N$5 Billion Annual Loss Due to Inefficient Road Transport

Namibia stands to lose N$5 billion annually as a result of high road transport costs caused by inefficiencies and poor infrastructure, according to World Bank Senior Transport Specialist Justin Runji as per The Brief. Runji highlighted that these losses are largely due to increased expenses in fuel, maintenance, repairs, tires, insurance, and reduced productivity. Speaking at the Road Sector Policy Conference, he emphasized the urgent need for a transformative agenda […]

October 1, 2024 23

2

Namibia

City of Windhoek Urges Public to Avoid Street Donations

The City of Windhoek is advising the public against giving money to individuals begging on the streets, stating that such acts, although well-intentioned, perpetuate street begging and contribute to a cycle of poverty. Instead, the city encourages donations to registered organizations that can provide sustainable, long-term support to those in need. Independent presidential candidate Rosa Namises shared her perspective on this issue.

October 1, 2024 26 2