insert_link Africa Botswana enforces 24% local ownership rule in mining sector The Karowe Diamond Mine in Botswana (Source: Lucara Diamond) Botswana has officially enforced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government decides not to take the share itself, the Ministry of Minerals and Energy confirmed on Friday. The rule, which came into effect on 1 October, is part of amendments to the Mines and Minerals Act aimed at […] today13 October, 2025
insert_link Interview Transcripts Interview: Business Expert Josef Sheehama Backs Pension Access to Ease Government worker Debt Business expert Josef Sheehama has highlighted the urgent need for government employees to access their pension funds to settle mounting debt, citing the pressures of the current economic climate and rising financial distress among public servants. Speaking in an interview, Sheehama noted that excessive debt has been linked to mental health challenges and, in some cases, even suicides. Sheehama expressed support for government initiatives such as the pension-backed home loan scheme, […] today13 October, 2025
insert_link Business / Economics Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds. He also revealed that the Consumer Credit Bill will be tabled by Parliament next year. today26 September, 2024
insert_link Opinion Pieces Stakeholder contribution towards pension fund operational efficiency Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […] today17 September, 2024
insert_link Business / Economics Namfisa CEO advises public to learn and understand FIMA for better dialogue CEO of the Namibia Financial Institutions Supervisory Authority, Kenneth Matomola has urged the public to familiarise themselves with the Financial Institutions and Market Act to enable informed discussions with his office regarding sections they may not fully understand. FIMA brings together different laws to create a framework for overseeing and regulating financial intermediaries, pension funds, insurers, and other non-banking financial institutions. today2 September, 2024
