Month: April 2019

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Nyae Nyae community opts for cash benefit

WINDHOEK - Benefit distributions in communal conservancies often comes in different forms, but mostly in cash. There has been criticism of this, and of the Namibian’s communal conservancies in general, but the Nyae Nyae Conservancy has benefitted significantly from the distribution of cash.

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OPINION: Start that conversation with your teenager

Financial literacy focuses on the knowledge and skills you need to make effective and informed money management decisions. Gaining the knowledge and developing the skills to become financially literate is a lifelong process that begins with something as simple as putting a few dollars in a piggy bank and evolves to more advanced subjects such as budgeting and risk.

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Development Budget: //Kharas Region allocated close to N$700 million for 2019/20

WINDHOEK – The total development budget for the //Kharas Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein, on March 27, stands at N$695 994 000. Thereafter, during the remainder of the Medium-Term Expenditure Framework the region’s development budget is expected to reduce to N$682 441 000 during 2020/21 and then to N$640 024 000 for 2021/22. 

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Killer of young girl wants mercy 

WINDHOEK - A man from Mariental who admitted that he strangled a 16-year-old girl to death near a cemetery between October 19 and 21, 2016, before being convicted on two attempted murder counts, one count of rape, one count of crimen injuria and one count of assault with intent to do grievous bodily harm, wants the court to give him a lenient sentence. 

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Ex-ACC investigator narrates arrest of tax fraud accused

WINDHOEK - The Anti-Corruption Commission (ACC) investigator that arrested Mamsy Mweneni Nuuyoma during a sting operation at Aveshe Consultancy on December 1, 2015 yesterday testified during the first day of an enquiry into the admissibility of certain documents that were confiscated from the house she rented with Boykie Naukosho in Dorado Park.

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ACC receives N$61.6 million

WINDHOEK - The Anti-Corruption Commission (ACC) received N$61.6 million for the 2019/2020 financial year, which translates to 1.4 percent more than the previous year and totalling about N$184.8 million over the medium-term expenditure framework - an estimate of the budget over the next three years to support activities to fight against corruption. 

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Namibia channels AfDB’s N$1 billion loan to logistics

WINDHOEK – A N$1.1 billion portion of the money advanced to Namibia by the African Development Bank (AfDB) will be – together with government’s own funding of N$831.9 million  - channelled towards logistics infrastructure, mainly rail and road, agricultural mechanisation and school infrastructure renovation.