The Bank of Namibia (BoN) has laid down the law once again by calling the seemingly popular Elamant company a pyramid scheme and therefore deemed its business as an illegal financial operation. Advising the public to be cautious of where they put their hard-earned money, a bank statement noted that its investigation determined Elamant’s activities contravene Namibia’s...
Racism allegations have reared its ugly head at the Namibia Civil Aviation Authority (NCAA), where the under-fire management has been accused of presiding over unfair salary grades, lack of transparency and questionable tenders, among others. Works and transport minister John Mutorwa is today expected to address allegations, brought to the fore last week by suspended...
Namibia’s N$4.5 billion loan application to the International Monetary Fund (IMF), through that institution’s Rapid Financing Instrument (RFI). could risk locking the country into a perpetual debt trap for many years. This is according to local economist, Mally Likukela, who also warns that Namibia’s financial ability to service this loan will be challenged by exchange...