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The Government Institutions Pension Fund (GIPF) has reaffirmed its financial strength, reporting an 11% growth in its asset value, which now stands at a robust N$167 billion. The announcement was made during the launch of its 2024 Integrated Annual Report (IAR) in the capital this week. Speaking at the launch, the entity’s Chief Executive Officer...
President Netumbo Nandi-Ndaitwah wasted no time in stamping her authority on the country’s executive branch. On Saturday, she unveiled a bold and restructured Cabinet which signalled a shift in governance. In her first major act since assuming office, the country’s first female Head of State executed a series of sweeping changes, merging ministries, abolishing redundancies...
The 8th Parliament kicked off in style on Thursday, ushering in a new crop of lawmakers ready to shake things up in the legislative chambers. The mood was a mix of anticipation, excitement and political tension as returning heavyweights sized up fresh recruits, while the ruling party’s grip on the House took a new turn....
Aletta Shikololo Loide Jason A solemn, yet celebratory atmosphere filled the National Assembly yesterday as President Nangolo Mbumba delivered his valedictory speech, bidding farewell to the 7th Parliament. Members of Parliament (MPs) took the opportunity to congratulate and show appreciation to the President for steady leadership. Swapo secretary general Sophia Shaningwa described Mbumba as a...
Today, the 7th Parliament goes into overdrive as legislators roll up their sleeves and get their hands dirty to finalise outstanding Bills and key legislative matters. Tomorrow is reserved for President Nangolo Mbumba’s valedictory address to the outgoing Members of Parliament (MPs), paving the way for the new crop of lawmakers who will be sworn...
The Independent Patriots for Change (IPC) is unclear about who among its 20 elected officials will occupy the Office of the Leader of the Official Opposition next week. Popular Democratic Movement (PDM) leader McHenry Venaani is the current leader of the official opposition. It was natural for him to lead the opposition as the president...
The National Assembly has adopted a report from the Standing Committee on Economics and Public Administration that urges government to expand social protection systems to safeguard informal traders. The report, which stemmed from a motion that was tabled in 2019 by Member of Parliament Agnes Kafula, seeks policy interventions to shield thousands of workers in...
Development Bank of Namibia (DBN) CEO John Steytler resigned yesterday, but dismissed any assertions that he may have left the position under duress. Steytler said he decided to step down with immediate effect after serving as the bank’s top executive for a year and six months. “On record, I was not forced,” he told New...
In less than a fortnight, both Namibia and the ruling Swapo Party will have a female captain – Netumbo Nandi-Ndaitwah. This will effectively consolidate both party and State power into the hands of Nandi-Ndaitwah, who is affectionately known by the moniker ‘NNN’ among Swapo supporters. Vice President Nandi-Ndaitwah will be sworn in as President –...
Outgoing leader of the official opposition in parliament and Popular Democratic Movement (PDM) president McHenry Venaani said those writing his party off are in for a rude awakening. “It has become a trend in our country that every 10 years, there is a new official opposition (in Parliament),” Venaani said, referencing the years when DTA...